HWH International Inc. reported a total revenue of $866,926 for the fiscal year ending December 31, 2025, a decline from $1,253,577 in the previous year. The company's net loss for 2025 was $2,657,929, slightly improved from a net loss of $2,765,767 in 2024. The decrease in revenue is attributed to the closure of several café operations in Singapore and South Korea, which significantly impacted sales. The cost of revenue also decreased to $407,199 from $651,721, reflecting the reduced operational scale.
In terms of strategic developments, HWH International completed a merger on January 9, 2024, transitioning from Alset Capital Acquisition Corp. to its current name. The company also launched the Hapi Marketplace in November 2024, a business-to-consumer platform that features over 47 product categories, with plans for geographic expansion into South Korea and Hong Kong. However, as of December 31, 2025, the marketplace had not yet launched. Additionally, the company has been focusing on its Hapi Cafés, which aim to create community spaces for customers, although several locations were closed due to unsustainable revenue.
Operationally, HWH International's employee count stood at four as of December 31, 2025, with the majority of staffing support provided by its parent company, Alset Inc. The company has also been working on its Hapi Wealth Builder program, which aims to educate participants on investment strategies, with a targeted rollout in selected regions planned for 2026. The company’s market presence remains concentrated, with 92% of its revenue generated in Singapore and 8% in South Korea for the year ended December 31, 2025.
The company has faced challenges related to its Nasdaq listing, receiving notices of non-compliance with market value and bid price requirements. However, it regained compliance with the bid price requirement in March 2025 after implementing a 1-for-5 reverse stock split. HWH International has also entered into a Credit Facility Agreement with Alset Inc., providing a maximum credit line of $1 million, of which $700,000 remains available as of December 31, 2025. The company believes that its available cash, anticipated cash flows, and financing from related parties will be sufficient to fund operations for at least the next 12 months.
Looking ahead, HWH International aims to expand its café operations and product offerings while managing its operational costs. The company acknowledges the risks associated with its early-stage status and the need for additional capital to support its growth strategy. The management remains optimistic about leveraging its existing resources and partnerships to navigate the challenges ahead and achieve its business objectives.
About HWH International Inc.
HWH International Inc. operates in food and beverage, hospitality, and e-commerce sectors, with businesses including cafes, online marketplaces, and membership programs. It serves consumers in Asia and the U.S., offering products, community experiences, and educational services. The company leverages memberships, retail sales, and location-based cafes to build a community-focused value proposition, supported by strategic investments and expansion into new markets.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.