---
title: "HWH | 10-K: FY2025 Revenue: USD 866.93 K"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283985410.md"
datetime: "2026-04-24T10:54:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283985410.md)
  - [en](https://longbridge.com/en/news/283985410.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283985410.md)
---

# HWH | 10-K: FY2025 Revenue: USD 866.93 K

Revenue: As of FY2025, the actual value is USD 866.93 K.

EPS: As of FY2025, the actual value is USD -0.4.

EBIT: As of FY2025, the actual value is USD -3.136 M.

#### Segment Revenue

-   **Food and Beverage Revenue**:
    -   HWH International Inc.’s Food and Beverage revenue was $866,926 in 2025, a decrease from $1,253,577 in 2024, primarily due to the cessation of café operations in Singapore and Korea in August and September 2025, respectively.
-   **Geographical Revenue (Food and Beverage)**:
    -   In 2025, South Korea accounted for 8% and Singapore for 92% of total food and beverage revenue, compared to 6% for South Korea and 94% for Singapore in 2024.

#### Operational Metrics

-   **Cost of Revenue**:
    -   Cost of revenue for HWH International Inc. decreased to $407,199 in 2025 from $651,721 in 2024, also attributed to the cessation of café operations in Singapore and Korea.
-   **Gross Profit**:
    -   Gross profit was $459,727 in 2025, down from $601,856 in 2024, with a decrease in gross margin due to the cessation of café operations.
-   **Operating Expenses**:
    -   Operating expenses increased to $3,648,405 in 2025 from $3,186,287 in 2024, mainly driven by a rise in general and administrative expenses, which included the cost of a bonus of one million shares of common stock issued in 2025.
-   **Other Non-Operating Income (Expense)**:
    -   HWH International Inc. reported other non-operating income of $578,221 in 2025, a significant change from an expense of - $181,336 in 2024, largely due to a decrease in unrealized loss on convertible note receivable and warrants – related party and a $383,667 gain on disposal of subsidiaries.
-   **Net Loss**:
    -   The company’s net loss decreased to - $2,657,929 in 2025 from - $2,765,767 in 2024.

#### Cash Flow

-   **Net Cash Used in Operating Activities**:
    -   Net cash used in operating activities decreased to - $1,750,290 in 2025 from - $1,819,262 in 2024, primarily due to a $383,667 gain on disposal of a subsidiary and a $292,890 foreign exchange transaction gain.
-   **Net Cash (Used in) / Provided by Investing Activities**:
    -   Net cash used in investing activities was - $1,188,686 in 2025, a substantial change from $20,452,029 provided by investing activities in 2024; significant uses in 2025 included investments in convertible note receivable – related party, loans to related parties, and marketable securities purchases.
-   **Net Cash Provided by / (Used in) Financing Activities**:
    -   Net cash provided by financing activities was $934,714 in 2025, compared to - $15,597,681 used in 2024, with 2025 cash provided mainly from the issuance of common stock and warrants, offset by repayment of note payable.

#### Unique Metrics

-   **Working Capital Deficit**:
    -   HWH International Inc. had a working capital deficit of $1,692,996 in 2025.
-   **Cash Balance**:
    -   The cash balance was $2,085,918 in 2025, down from $4,341,746 in 2024.
-   **Total Liabilities**:
    -   Total liabilities decreased to $1,883,133 in 2025 from $3,531,523 in 2024.
-   **Total Assets**:
    -   Total assets were $4,567,858 in 2025, compared to $6,408,722 in 2024.

#### Outlook / Guidance

-   HWH International Inc. is developing Hapi Marketplace and Hapi Wealth Builder, with plans to expand Hapi Marketplace to South Korea and Hong Kong soon, and roll out Hapi Wealth Builder in selected regions later in 2026. The company also intends to continuously grow its F&B business by opening more Hapi Cafés and expanding product offerings to increase its customer base and membership options. Management believes available cash, anticipated cash from operations, and financing from related parties are sufficient to fund operations for at least the next 12 months, despite incurring a net loss, operating loss, and negative operating cash flow in 2025.

### Related Stocks

- [HWH.US](https://longbridge.com/en/quote/HWH.US.md)

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