SEATech Ventures Corp. reported its financial results for the first quarter of 2025, revealing a net profit of $7,417, a significant turnaround from a net loss of $43,565 in the same period last year. The company did not generate any revenue during the quarter, consistent with the previous year, as it did not engage in any business activities. The profit recorded was primarily due to a gain of $38,433 from the sale of an investment in JOCOM Holdings Corp. The company’s general and administrative expenses decreased to $31,674 from $43,540, attributed to reduced personnel costs and operational expenses.

As of March 31, 2025, SEATech Ventures reported total assets of $11,318, a decline from $19,571 at the end of 2024. The decrease in assets was largely due to a reduction in cash and cash equivalents, which fell to $5,702 from $12,330. Current liabilities also decreased to $346,660 from $404,744, reflecting a reduction in other payables and accrued liabilities. The company’s stockholders’ deficit improved to $(335,342) from $(385,173) as of December 31, 2024, indicating a positive shift in equity.

The company’s operational metrics showed no significant changes in customer counts or user statistics, as SEATech Ventures did not report any business activities during the quarter. The total number of outstanding shares increased slightly to 92,562,343 from 92,519,843, following the issuance of 42,500 shares to investors at $1.00 per share, which was backdated to March 31, 2025. The company continues to focus on its core business of providing mentoring and incubation services in the information and communication technology sector.

In terms of strategic developments, SEATech Ventures previously attempted to acquire Just Supply Chain Limited but canceled the acquisition in May 2024 due to valuation issues. The company has not reported any new acquisitions or significant organizational changes in the current quarter. Looking ahead, SEATech Ventures anticipates that increased operational activities will lead to improved cash flows, although it remains dependent on financing activities to meet its working capital needs.

Management has acknowledged material weaknesses in internal controls over financial reporting, which they are addressing through planned initiatives to enhance their accounting functions. The company has not reported any significant legal proceedings or defaults on senior securities, maintaining a focus on improving its financial position and operational effectiveness in the coming quarters.

About SEATech Ventures Corp.

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