HWH International Inc. reported a revenue of $295,197 for the first quarter of 2025, reflecting a 3.8% increase from $286,110 in the same period of 2024. The company's gross profit for the quarter was $147,594, down from $163,297 year-over-year, primarily due to an increase in the cost of revenue, which rose to $147,603 from $122,813. The net loss for the quarter was $574,103, a significant improvement compared to a net loss of $1,336,519 in the prior year, indicating a reduction in operational losses.
The company experienced a notable decrease in operating expenses, which fell to $741,722 from $1,495,383 in the previous year. This reduction was largely attributed to lower general and administrative expenses, which decreased from $1,129,191 to $664,242. Additionally, HWH International recorded a foreign exchange transaction gain of $66,070, compared to a loss of $49,571 in the prior year, contributing positively to the overall financial performance.
In terms of strategic developments, HWH International completed the acquisition of a 60% interest in L.E.H. Insurance Group, LLC, on February 27, 2025, for $75,000. However, the company recorded an impairment loss of $77,480 related to this acquisition, which was immediately written off. The company also launched its Hapi Marketplace, a business-to-consumer platform, and plans to expand its café operations in Singapore and South Korea, aiming to enhance customer engagement and revenue generation.
Operationally, HWH International's total assets increased to $6,531,330 as of March 31, 2025, up from $6,408,722 at the end of 2024. The company reported a decrease in current liabilities from $3,311,274 to $2,660,503, indicating improved financial health. The company’s cash position slightly decreased to $4,176,546 from $4,341,746, while the employee headcount remained stable. Looking ahead, HWH International aims to leverage its café operations and marketplace to drive growth, although it acknowledges the challenges of maintaining profitability and managing operational costs in a competitive market.
About HWH International Inc.
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