Jocom Holdings Corp. reported significant financial changes in its latest 10-Q filing for the second quarter of 2025, revealing a net loss of $91,169 for the three months ended June 30, 2025, compared to a profit of $29,665 during the same period in 2024. For the first half of 2025, the company recorded a net loss of $54,127, a decline from a profit of $25,307 in the prior year. Revenue for the quarter was reported at $0, down from $6,000 in Q2 2024, while total other income decreased to $30,505 from $43,918 year-over-year.
The company’s balance sheet as of June 30, 2025, showed total assets of $403,022, a significant increase from $8,272 at the end of 2024. This growth was primarily driven by an increase in cash and bank balances, which fell to $261 from $2,481, and a rise in deposits and prepayments, which increased to $367,373 from $5,790. Total liabilities also rose to $125,697, up from $76,833, largely due to an increase in other payables and accruals.
In terms of strategic developments, Jocom Holdings completed an unregistered sale of equity securities on June 24, 2025, issuing 7,000,000 common shares at $0.10 per share, which contributed $700,000 to additional paid-in capital. This capital infusion was essential for the company as it navigated operational challenges and aimed to stabilize its financial position. The total stockholders' equity improved to $277,325 from a negative equity position of $(68,561) at the end of 2024, reflecting the impact of the new equity issuance.
Operationally, the company reported a weighted average of 62,438,742 common shares outstanding as of June 30, 2025, an increase from 57,680,500 shares at the end of 2024. The increase in shares is indicative of the company's efforts to raise capital and improve liquidity. However, the company did not report any customer counts or user statistics, nor did it provide specific metrics on product adoption rates or market share figures in the filing.
Looking ahead, Jocom Holdings Corp. has indicated that it will continue to focus on strategic initiatives to enhance its financial performance and operational efficiency. The company aims to leverage its recent capital raise to support growth initiatives and address the challenges that have impacted its revenue generation. The management remains committed to improving its financial health and is optimistic about future opportunities in the market.
About JOCOM HOLDINGS CORP.
Jocom Holdings Corp. is a Nevada-based company providing data analytics, customer behavior prediction, and e-commerce solutions primarily for the Southeast Asian grocery and retail markets. Through its subsidiaries in Malaysia, it develops proprietary software platforms for grocery analytics, logistics prediction, and mobile commerce. The company aims to enhance online grocery shopping, optimize supply chains, and expand cross-border trade, leveraging innovative technology and strategic partnerships.
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