Zicix Corporation Reports Reduced Net Loss and Increased Revenue for Q3 2025

Zicix Corporation, a Nevada-based holding company with operations in Hong Kong, reported a net loss of $380,321 for the three months ended September 30, 2025, compared to a loss of $2,727,976 for the same period in 2024. For the six months ended September 30, 2025, the company recorded a net loss of $569,903, a significant reduction from the $2,729,279 loss reported in the prior year. The company generated $300,869 in revenue during the first half of the fiscal year, marking a notable increase from zero revenue in the same period last year, primarily due to the commencement of its trading business in late 2024.

The financial performance reflects a substantial decrease in operating expenses, which fell to $171,791 in the third quarter of 2025 from $489,173 in the same quarter of 2024. This reduction was driven by lower general and administrative expenses. However, the company faced increased interest expenses related to its bonds payable and convertible debts, which totaled $119,445 for the third quarter of 2025, compared to $54,074 in the same period last year. The total liabilities of Zicix Corporation increased to $3,348,239 as of September 30, 2025, up from $3,042,307 at the end of March 2025.

Strategically, Zicix has shifted its focus from a coupon redemption app, which it discontinued in March 2025, to the trading of LED carriage boxes and components through its subsidiary ASN Zone One Limited. The company is also exploring opportunities to expand its marketing and advertising platform, which integrates advanced technologies for global business expansion. As part of its operational developments, Zicix has not made any transfers or distributions between the holding company and its subsidiary, and it does not anticipate paying dividends in the foreseeable future.

As of September 30, 2025, Zicix reported current assets of $1,043,343 against current liabilities of $2,411,627, resulting in a working capital deficit of $1,368,284. The company’s cash and cash equivalents decreased to $21,150 from $89,980 at the end of March 2025. The company continues to rely on financial support from its shareholders and external fundraising to sustain operations. Management has expressed concerns regarding the company's ability to continue as a going concern, emphasizing the need for improved profitability and additional funding.

Looking ahead, Zicix aims to enhance its market presence, particularly in the Middle East, by the end of 2026, with plans for further geographic expansion into North Africa, the U.S., Europe, and Asia as financing allows. The company remains cautious about the evolving regulatory landscape in Hong Kong and China, which could impact its operations and financial stability.