---
title: "HWH International 2025 10-K: Revenue $0.87M, EPS (0.40)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280607571.md"
description: "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."
datetime: "2026-03-26T10:05:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280607571.md)
  - [en](https://longbridge.com/en/news/280607571.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280607571.md)
---

# HWH International 2025 10-K: Revenue $0.87M, EPS (0.40)

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

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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