Jocom Holdings Corp. reported its financial results for the first quarter of 2025, revealing a significant turnaround in profitability compared to the same period in 2024. The company recorded a net profit of $37,042 for the three months ended March 31, 2025, in stark contrast to a net loss of $4,358 in the previous year. This shift was primarily attributed to a notable increase in other income, which rose to $56,209 from $11,886 year-over-year, while the company did not generate any revenue from related parties during the current quarter, compared to $6,000 in the prior year.
The balance sheet as of March 31, 2025, showed total assets of $5,968, a decrease from $8,272 as of December 31, 2024. Current assets fell to $5,967 from $8,271, largely due to a reduction in deposits and prepayments. On the liabilities side, total current liabilities decreased to $37,495 from $76,833, reflecting a significant reduction in other payables and accruals, which dropped from $69,434 to $36,115. This reduction in liabilities contributed to an improvement in stockholders' equity, which, despite remaining negative at $(31,527), improved from $(68,561) at the end of the previous fiscal year.
Operationally, Jocom Holdings did not report any significant changes in customer counts or user statistics during the quarter. The company continues to maintain a consistent number of common shares outstanding at 57,680,500. The filing did not indicate any new product launches or acquisitions during this period, suggesting a focus on stabilizing existing operations and improving financial health. The company’s general and administrative expenses decreased to $19,167 from $22,244, which may have contributed to the improved profitability.
Looking ahead, Jocom Holdings has not provided specific forward-looking statements regarding future revenue or strategic initiatives. However, the company’s management may focus on maintaining its current financial trajectory and exploring opportunities for revenue generation, particularly in light of the absence of related party revenue in the latest quarter. The overall outlook remains cautious as the company navigates its financial recovery and seeks to enhance its operational efficiency.
About JOCOM HOLDINGS CORP.
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