SEATech Ventures Corp. Reports Reduced Net Loss and Declining Assets for Six Months Ending June 30, 2025

SEATech Ventures Corp. reported its financial results for the six months ending June 30, 2025, revealing a net loss of $14,191, a significant reduction from the $75,850 loss recorded during the same period in 2024. The company did not generate any revenue in either period, reflecting a continued lack of business activity. General and administrative expenses decreased to $48,180 from $75,806 year-over-year, primarily due to the resignation of key management personnel, which led to reduced staff costs.

The company's total assets as of June 30, 2025, amounted to $10,553, a decline from $19,571 at the end of 2024. This decrease was largely attributed to a reduction in cash and cash equivalents, which fell to $4,908 from $12,330. The company’s liabilities also decreased, with total liabilities reported at $364,381 compared to $404,744 at the end of the previous fiscal year. The stockholders' deficit improved to $(353,828) from $(385,173), indicating a slight recovery in equity.

In terms of operational developments, SEATech Ventures Corp. has not reported any significant changes in customer counts or user statistics, as the company has not engaged in business activities during the reporting period. The company’s employee headcount has also been affected by recent management changes, with the resignation of several directors and the appointment of new leadership, including Lee Marcus Sherray as CEO and Loke Sebastian Mun Foo as CFO.

The company’s strategic focus remains on providing business mentoring and incubation services within the information and communication technology sector. However, the lack of revenue generation raises concerns about its operational viability. Management has indicated that future profitability will depend on improving business activities and securing financial support from existing shareholders or external financing. The company has acknowledged substantial doubt about its ability to continue as a going concern within the next year, emphasizing the need for increased operational activities to enhance cash flow.

Looking ahead, SEATech Ventures Corp. aims to enhance its operational capabilities and explore opportunities for growth, particularly in the digital asset space, as indicated by its previous involvement with Greenpro Capital Corp. as a listing sponsor for a digital asset exchange. However, the company’s ability to execute its plans will be contingent on overcoming current financial challenges and effectively managing its resources.