Winvest Group Ltd. Reports Significant Revenue Decline and Increased Net Loss for Six Months Ending June 30, 2025

Winvest Group Ltd. reported a significant decline in financial performance for the six months ending June 30, 2025, with revenues dropping to $11,500 from $77,340 in the same period of the previous year. The company attributed this decrease primarily to the conclusion of contracts with key clients, which adversely affected revenue contributions from its subsidiaries, IQI and Winvest. The cost of revenue also increased, leading to a gross loss of $120 for the quarter, compared to a gross profit of $6,660 in the prior year. Consequently, the net loss for the six months reached $919,852, a substantial increase from the $323,555 loss reported in the same period last year.

In terms of operational metrics, Winvest's total current assets decreased slightly to $295,793 as of June 30, 2025, down from $303,199 at the end of 2024. The company’s cash reserves also fell to $116,387 from $181,522, reflecting a net cash used in operating activities of $307,369 for the first half of 2025. The company’s liabilities increased, with total current liabilities rising to $1,446,698 from $1,410,204, primarily due to an increase in accounts payable and accrued liabilities. The accumulated deficit also grew to $106,721,452, indicating ongoing financial challenges.

Strategically, Winvest Group has been focusing on enhancing its capital structure. The company issued additional common stock, raising $242,234 through financing activities, compared to $183,606 in the previous year. This included the issuance of shares to investors, which is part of the company's strategy to diversify its funding sources and reduce reliance on affiliate financing. The company is currently exploring alternative financing options, including institutional investments and joint ventures, to support its operations and growth initiatives.

Despite the challenges, Winvest Group is actively working to improve its operational efficiency and financial health. The management has acknowledged the need for better internal controls and is planning to enhance its team to ensure compliance with reporting requirements. The company is also addressing material weaknesses in its internal controls, which could potentially impact financial reporting. Looking ahead, Winvest Group aims to stabilize its operations and is optimistic about unlocking near-term revenue potential through strategic partnerships and improved operational practices.

Overall, Winvest Group Ltd. is navigating a difficult financial landscape, marked by declining revenues and increasing losses. The company is taking steps to address its financial challenges while seeking new opportunities for growth and operational improvement.