UbuyHoldings Reports $20,308 Net Loss and Faces Financial Challenges

UbuyHoldings, Inc. reported a net loss of $20,308 for the three months ended August 31, 2025, compared to no revenue or loss in the same period of the previous year. The company’s operating expenses for the quarter were entirely attributed to general and administrative costs, which amounted to $20,308. As of August 31, 2025, UbuyHoldings had total liabilities of $73,033, an increase from $52,725 reported at the end of the previous fiscal period on May 31, 2025. The accumulated deficit also grew to $14,286,593 from $14,266,285 over the same timeframe.

The company has undergone significant organizational changes, including a shift in leadership and ownership structure. Following a custodianship appointment in July 2023, David Lazar was named CEO and subsequently sold 10,000,000 shares of Series A-1 Preferred Stock to AEI Capital Ltd. in June 2024. This transaction resulted in a new management team, with John Tan Honjian appointed as the new CEO and CFO. The company has not engaged in any business operations since its previous activities and is currently classified as a "shell company."

UbuyHoldings has no current operations, products, or customers, and it does not anticipate generating revenue in the near term. The company is exploring potential business opportunities, including acquisitions, but has not yet identified any specific targets. Management has indicated that the lack of operations and revenue generation poses significant risks, particularly in light of ongoing economic uncertainties, including those stemming from the COVID-19 pandemic.

As of the latest report, UbuyHoldings had no cash on hand and relied on related party loans for financing, with $62,975 owed as of August 31, 2025. The company’s management has expressed concerns regarding its ability to continue as a going concern, citing insufficient working capital to fund operations over the next 12 months. Future financing may be necessary to support any potential business combinations, and management has acknowledged the risks associated with acquiring financially unstable or early-stage entities.

Looking ahead, UbuyHoldings plans to focus on identifying viable business opportunities and may consider a reverse merger or similar transaction to re-enter the market. However, the company faces challenges related to its limited capital resources and the complexities of evaluating potential acquisitions. Management has indicated that they will need to raise additional funds to support operations and any future business endeavors, which may involve issuing new equity or convertible debt securities, potentially diluting existing shareholders.