Society Pass Reports Revenue Growth to $2.5 Million in Q2 2025

Society Pass Incorporated reported its financial results for the second quarter of 2025, revealing a total revenue of $2.5 million, a significant increase from $1.7 million in the same period last year. For the first half of 2025, the company generated $4.0 million in revenue, compared to $3.6 million in the first half of 2024. The growth in revenue was primarily driven by increased sales in digital marketing and online ticketing and reservation services. The company reported a net income of $552,384 for the second quarter, a notable turnaround from a net loss of $1.9 million in the prior year, while the net loss for the first half of 2025 was $1.3 million, down from a loss of $4.8 million in the same period last year.

The company’s balance sheet as of June 30, 2025, showed total assets of $29.2 million, up from $21.3 million at the end of 2024. Current assets increased significantly, driven by a rise in cash and cash equivalents, which reached $8.2 million, compared to $7.6 million at the end of 2024. However, total liabilities also rose to $26.9 million from $23.7 million, primarily due to an increase in accounts payable, which surged to $9.6 million from $3.0 million. The company’s equity improved to $2.2 million, a recovery from a deficit of $2.4 million at the end of 2024.

Operationally, Society Pass has been focusing on expanding its digital marketing and online ticketing services, which contributed to the revenue growth. The company reported a gross income of $1.4 million for the second quarter, reflecting a gross margin of 56%, up from 27% in the same quarter of 2024. This improvement in gross margin was attributed to higher profit margins from the digital marketing segment. The company also reported a decrease in general and administrative expenses, which fell to $1.5 million from $2.5 million year-over-year, indicating effective cost control measures.

In terms of strategic developments, Society Pass has continued to pursue acquisitions to enhance its e-commerce ecosystem in Southeast Asia. The company has made several acquisitions in recent years, including digital marketing and online ticketing platforms, which have expanded its market presence. As of June 30, 2025, the company had 5.3 million shares of common stock outstanding, an increase from 3.7 million shares at the end of 2024, reflecting its efforts to raise capital through equity offerings.

Looking ahead, Society Pass expressed optimism about its growth trajectory, emphasizing its commitment to expanding its digital marketing and online ticketing services. The company plans to engage more vendors and customers to maximize sales volume and margin while continuing to improve cost control across all segments. However, management acknowledged the ongoing challenges and uncertainties in the market, indicating that while they believe in their growth potential, there are no guarantees of achieving these goals.