Business
Annual Financial Report Year End 31 December 2025
Worldsec Limited reported a profit of US$215,000 for the year ended December 31, 2025, a significant improvement from a loss of US$55,000 in 2024, with earnings per share at US0.25 cents and net asset value per share at US6.6 cents. The company's cash and cash equivalents increased to US$923,000 from US$701,000, primarily driven by dividend income from the Homaer Asset Management Master Fund SPC related to its investment in ByteDance Ltd. Subsequent to year-end, Worldsec made a new investment in AMI Labs, a frontier AI research lab, through Rivet Ventures and Arete Venture. The company's principal activity remains investment holding, focusing on unlisted companies in the Greater China and South East Asian region. Disclaimer*
About this update from Worldsec Limited
[{"type":"text","content":"\n \n\n \n \n \nWORLDSEC LIMITED\n \n \n\n \n \nAnnual Report for the year ended 31 December 2025\n\n\nCORPORATE INFORMATION\n \nBoard of Directors\n \nNon-Executive Chairman\nAlastair GUNN-FORBES*\n \nExecutive Directors\nHenry Ying Chew CHEONG (Deputy Chairman)\nErnest Chiu Shun SHE\n \nNon-Executive Directors\nMark Chung FONG*\nMartyn Stuart WELLS*\nStephen Lister d'Anyers WILLIS*\n \n* independent\n \nCompany Secretary\nVistra Company Secretaries Limited\nFirst Floor, Templeback, 10 Temple Back, Bristol, BS1 6FL, United Kingdom\n \nAssistant Company Secretary\nOcorian Services (Bermuda) Limited\nVictoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10, Bermuda\n \nRegistered Office Address\nVictoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10, Bermuda\n \nRegistration Number\nEC21466 Bermuda\n \nPrincipal Bankers\nThe Hongkong and Shanghai Banking Corporation Limited\n1 Queen's Road, Central, Hong Kong\n \nExternal Auditor\nBDO Limited\n25th Floor, Wing On Centre, 111 Connaught Road Central, Hong Kong\n \nPrincipal Share Registrar and Transfer Office\nOcorian Management (Bermuda) Limited \nVictoria Place, 5th Floor, 31 Victoria Street, Hamilton HM 10, Bermuda\n \nInternational Branch Registrar\nMUFG Corporate Markets (Jersey) Limited\nIFC 5, St Helier, JE1 1RT, Jersey, Channel Islands\n \nUnited Kingdom Transfer Agent\nMUFG Corporate Markets\nCentral Square, 29 Wellington Street, Leeds, LS1 4DL, United Kingdom\n \nInvestor Relations\nFor further information about Worldsec Limited, please contact:\nHenry Ying Chew CHEONG\nExecutive Director, Worldsec Group\nUnit 607, 6th Floor, 308 Central Des Voeux, 308 Des Voeux Road Central, Sheung Wan, Hong Kong\[email protected]\n \nCompany's Website\nhttp://www.worldsec.com\n\n\n \nCONTENTS\n \n \n\n\n\n\n\n\n\nPage\n\n\n\n\n\n\n\n\n\n\n\n\nChairman's statement\n\n\n1\n\n\n\n\n\n\n\n\n\n\n\n\nDirectors' report\n\n\n3\n\n\n\n\n\n\n\n\n\n\n\n\nStatement of directors' responsibilities\n\n\n28\n\n\n\n\n\n\n\n\n\n\n\n\nIndependent auditor's report\n\n\n29\n\n\n\n\n\n\n\n\n\n\n\n\nConsolidated statement of profit or loss and other comprehensive income\n\n\n34\n\n\n\n\n\n\n\n\n\n\n\n\nConsolidated state...