DSwiss Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a significant decline in revenue compared to the same periods in 2024. For the three months ended September 30, 2025, the company generated revenue of $441.6 million, a decrease of 57.0% from $1.03 billion in the prior year. For the nine-month period, revenue increased slightly to $2.46 billion from $2.08 billion, marking a 18.6% rise. The gross profit for the third quarter was $58.6 million, down from $113.2 million in 2024, while the nine-month gross profit fell to $470.2 million from $515.3 million.
The company reported a net loss of $97.9 million for the third quarter of 2025, compared to a loss of $61.5 million in the same quarter of 2024. For the nine months ended September 30, 2025, DSwiss recorded a net profit of $73.0 million, a decrease from $137.3 million in the previous year. The decline in profitability was attributed to increased selling, general, and administrative expenses, which totaled $140.4 million for the third quarter, down from $166.1 million in 2024, and $395.2 million for the nine months, compared to $369.2 million in the prior year.
In terms of operational developments, DSwiss has made significant investments in its infrastructure, as evidenced by a notable increase in non-current assets, which rose to $350.9 million from $138.2 million at the end of 2024. The company’s total assets increased to $800.7 million, up from $635.8 million. The total liabilities also rose to $652.2 million, compared to $561.8 million in the previous fiscal year. The company maintained a consistent employee headcount of 206.9 million shares outstanding throughout the reporting period.
The filing also highlighted strategic developments, including the introduction of new product lines and geographic expansion efforts. DSwiss has focused on enhancing its market presence, which is reflected in its customer engagement metrics. However, specific user statistics and product adoption rates were not disclosed in the filing. The company continues to explore opportunities for growth and aims to improve its market share in the coming quarters.
Looking ahead, DSwiss expressed cautious optimism regarding its future performance, emphasizing its commitment to operational efficiency and strategic investments. The company aims to leverage its existing resources to navigate market challenges and capitalize on emerging opportunities. While the current financial results indicate a challenging environment, DSwiss remains focused on long-term growth and profitability.
About DSwiss Inc
DSwiss, Inc. is a biotech nutraceutical company specializing in high-quality health, skincare, and personal care products. It offers OEM/ODM manufacturing, functional foods, supplements, and natural remedies, serving markets across Asia and globally. Focused on innovation, quality, and regulatory compliance, it leverages advanced R&D, strategic partnerships, and digital marketing to deliver customized solutions and expand its global presence in health and beauty industries.
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