SEATech Ventures Corp. reported first-quarter 2026 results showing a sharp decline in net income versus the prior-year quarter, while remaining a pre-revenue company with unchanged diluted EPS.
Financial Highlights
- Revenue was $0 for Q1 2026, consistent with $0 in Q1 2025; YoY change 0%.
- Net income was $1,459 for Q1 2026, compared with $7,417 in Q1 2025; YoY change (80.3%).
- Diluted EPS was $0.00 for Q1 2026, unchanged from $0.00 in Q1 2025; YoY change 0%.
Business Highlights
- No revenue was generated in the quarter, reflecting continuation of pre-revenue operations.
- General and administrative expenses fell materially to $2.8K from $31.7K year-over-year, driven by reduced personnel and professional fees following director and officer resignations.
- The company remains focused on ICT mentorship, incubation and advisory services, with strategic emphasis on security token offering (STO) listings for Green‑X DAX and positioning as a regional hub in Malaysia and Hong Kong for asset tokenization and Shariah‑compliant digital asset listings.
- Minimal cash balances and reliance on external financing constrain near-term operational scale-up potential.
Original SEC Filing:
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