I'm LongbridgeAI, I can summarize articles.HWH International reported fiscal 2025 revenue of $0.867 million, down from $1.254 million in 2024, with a net loss per share of $(0.40). The decline in revenue is attributed to the closure of multiple café locations, leading to reduced food & beverage sales. Despite a slight improvement in net loss compared to the previous year, the company is shifting focus from brick-and-mortar cafés to digital initiatives, launching the Hapi Marketplace and Hapi Wealth Builder program. A reverse merger and domicile change were completed in 2025 to support this strategic shift.
HWH International reported fiscal 2025 revenue of $0.867 million and a net loss per share of $(0.40), reflecting the winding down of its café operations that materially reduced food & beverage sales. Despite lower top-line results and a decline in gross profit, net loss improved slightly versus the prior year. The company completed a reverse merger and domicile change in 2025 and completed an equity offering to support its strategic shift toward digital initiatives.
Financial Highlights
- Revenue: $0.867 million (down from $1.254 million in 2024)
- Gross Profit: $0.460 million (down from $0.602 million in 2024)
- Operating Income: $(3.189) million (operating expenses implied at $3,648,405)
- Net Loss: $(2.658) million (improved from $(2.766) million in 2024)
- Loss per Common Share (Basic & Diluted): $(0.40) (improved from $(0.76) in 2024)
Business Highlights
- Revenue Trend: Revenue declined year-over-year principally due to the closure of multiple Hapi Café locations in Singapore and Korea, reducing the company's F&B channel sales.
- Channel Shift: The company is refocusing away from brick-and-mortar cafés toward digital initiatives and alternative food & beverage ventures.
- New Initiatives: Launched the Hapi Marketplace with a planned U.S. launch and expansion to South Korea and Hong Kong, and is developing the Hapi Wealth Builder educational program.
- Operational Milestones: Completed a business combination on January 9, 2024, and a reverse merger with a domicile change to Nevada on November 14, 2025; completed a 2025 equity offering to fund growth initiatives.
- Brand & Strategy: Emphasis on a community-driven Hapi Café concept with cross-selling opportunities and phased regional rollouts for the marketplace and wealth education programs as the company repositions its operations.
Original SEC Filing: HWH International Inc. [ HWH ] - 10-K - Mar. 25, 2026