Business
Half-year Report
Worldsec Limited reported an unaudited net loss of US$97,000 for the six months ended June 30, 2025, an improvement from the US$146,000 loss in the same period of 2024; this translates to a basic and diluted loss per share of 0.11 US cent, compared to 0.17 US cent in the previous year. Dividend income increased by over US$100,000 to US$151,000 due to ByteDance's share buybacks. However, cash and cash equivalents decreased by US$224,000, reflecting the use of funds for working capital and operating activities. Revenue for the period was US$151,000, while other income, gains, and losses, net, amounted to US$33,000. The group's net assets totaled US$5,337,000. Disclaimer*
About this update from Worldsec Limited
WORLDSEC LIMITED Interim Report for the six months ended 30 June 2025 Worldsec Limited Interim Report for the six months ended 30 June 2025 The board (the “Board”) of directors of Worldsec Limited (the “Company”) hereby submits the interim report on the Company and its subsidiaries (the “Group”) for the six months ended 30 June 2025 (the “Interim Report”). For the period under review, the Group recorded an unaudited net loss of US$97,000 (equivalent to basic and diluted loss per share of 0.11 US cent) against an unaudited net loss of US$146,000 (equivalent to basic and diluted loss per share of 0.17 US cent) for the corresponding six months in 2024. Dividend income increased by over US$100,000 to US$151,000 due primarily to the dividend received in connection with the Group’s investment in ByteDance Ltd. (“ByteDance”), held through the Homaer Asset Management Master Fund SPC (the “Homaer Fund”), following ByteDance’s modest and measured partial share buybacks. This was, nevertheless, offset in part by a reduction in the positive contribution from the fair value change in the financial assets of the Group at fair value through profit and loss. Accordingly, a net loss narrowing of US$49,000 was recorded. Cash and cash equivalents, however, decreased by US$224,000, reflecting basically the use of funds for working capital and other operating activities. At the date of the Interim Report, the investment portfolio of the Group comprises a total of six investments: ICBC Specialised Ship Leasing Investment Fund (the “ICBC Ship Fund”) The Group’s investment in the ICBC Ship Fund, which is involved in marine vessel leasing, continued to provide a stable return through monthly dividend income, generating revenue amounting to US$48,000 for the six months ended 30 June 2025. Animoca Brands Corporation Limited (“Animoca”) through VS SPC Limited (“VS SPC”) The Group holds, through the Class A Participating Shares of VS SPC, an investment in the equity interest of Animoca. Incorporated in Australia, Animoca was formerly listed on the Australian Securities Exchange but was delisted i...