SEATech Ventures Corp., a company specializing in business mentoring, nurturing, and incubation services within the information and communication technology (ICT) industry, has released its Form 10-Q report for the third quarter of 2025. The report provides a detailed overview of the company's financial performance and operational activities during the reporting period.
Financial Highlights
- Revenue: $0, The Company has not generated any revenue for the three months and nine months ended September 30, 2025 and 2024.
- Gross Profit: $0, The Company generated gross profit of $0 for the three months and nine months ended September 30, 2025 and 2024.
- Net Loss: $16,541 for the three months ended September 30, 2025 and $30,732 for the nine months ended September 30, 2025, compared to $25,258 and $101,108 for the same periods in 2024. The difference in net losses was attributed to a significant increase in net profit during the three months ended March 31, 2025 due to large income recognized from the gain on disposal of investment of $38,433.
- Net Loss Per Share - Basic and diluted: $(0.00), For the period ended September 30, 2025 and 2024, diluted weighted-average common shares outstanding is equal to basic weighted-average common shares, as the Company had no instruments outstanding that could potentially dilute earnings per share in the future.
Business Highlights
- Geographical Performance: The company operates through its wholly owned subsidiary in Labuan, Malaysia, and its operations are primarily conducted through SEATech Ventures (HK) Limited in Hong Kong. The company also has subsidiaries in Malaysia, which were sold on October 28, 2025. The company did not generate any revenue from these regions during the reporting period.
- Operational Focus: SEATech Ventures Corp. provides business mentoring, nurturing, and incubation services, with a specific focus on the information and communication technology (ICT) industry. The company aims to assist tech-based entrepreneurs in solving industry pain points through its 'ICT Start-Up Mentorship Program'.
- Management Changes: On June 12, 2025, the company underwent significant management changes with the resignation of key personnel, including Mr. Chin Chee Seong, Mr. Tan See Meng, and Mr. Cheah Kok Hoong. New management was appointed, including Mr. Lee Marcus Sherray as CEO and Mr. Loke Sebastian Mun Foo as CFO.
- Future Outlook: The company plans to focus on digital/physical asset-backed companies in the security token offering (STO) listing on Green-X, a Shariah-Compliant ESG Digital Asset Exchange in Labuan, Malaysia. This is part of their expansion strategy to engage potential token issuers.
- Operational Challenges: The company did not perform any business activities during the reporting period, which resulted in no revenue generation. The lack of operational activities is attributed to the company's strategic focus on restructuring and management changes.
- Segment Information: The company operates in the United States, Malaysia, and Hong Kong, with no inter-segment sales reported. The company’s chief operating decision maker reviews operating results to allocate resources and assess performance for the entire company.
SEC Filing: