UbuyHoldings Reports $28,058 Net Loss and No Revenue for Six Months Ending November 30, 2025

UbuyHoldings, Inc. reported a net loss of $28,058 for the six months ending November 30, 2025, compared to no revenue or losses in the same period of the previous year. The company has not generated any revenue during this period, reflecting its status as a shell company with no current operations. The total operating expenses for the six months were $28,058, primarily attributed to general and administrative costs. The company’s accumulated deficit increased to $14,294,343 as of November 30, 2025, up from $14,266,285 at the end of the previous fiscal period.

In terms of financial position, UbuyHoldings reported total current liabilities of $80,783 as of November 30, 2025, a significant increase from $52,725 at the end of May 2025. This rise is largely due to an increase in notes payable to related parties, which grew from $18,584 to $80,783. The company continues to operate under custodianship, with Custodian Ventures LLC managing its affairs and providing financial support. The company has no cash on hand, which raises concerns about its ability to continue as a going concern.

Strategically, UbuyHoldings has undergone significant organizational changes, including a shift in leadership following a stock purchase agreement that transferred control to AEI Capital Ltd. in June 2024. The new management team, led by CEO John Tan Honjian, is focused on exploring potential business opportunities, including acquisitions of operating entities. However, as of the date of the report, no discussions regarding potential business combinations have taken place.

Operationally, UbuyHoldings has no current customers or products, and it is not subject to competitive business conditions. The company’s management has indicated plans to investigate and negotiate potential business combinations, but it faces challenges due to limited capital resources and the ongoing impacts of the coronavirus pandemic on the economy. The management anticipates incurring further operating losses in the next 12 months, primarily related to compliance with SEC reporting requirements.

Looking ahead, UbuyHoldings acknowledges the uncertainties surrounding its future operations and financial performance. The management plans to seek financing to support its working capital needs and to facilitate potential acquisitions. However, the company cautions that it may only be able to pursue one business combination due to its limited capital, which could pose significant risks to investors. The outlook remains uncertain, with management emphasizing the need for a viable business strategy to navigate the challenges ahead.