Winvest Group Ltd SEC 10-Q Report

Winvest Group Ltd, a diversified holding company with interests in various sectors, has released its Form 10-Q report for the second quarter of 2025. The report highlights significant financial and operational metrics, reflecting the company's performance amidst challenging market conditions. Financial Highlights Revenue: $11,500The decrease in revenues is attributable to decreased revenue at both IQI and Winvest, primarily due to the contracts ended with Surewell International, Pacific Range Hood, Superco Home Appliances, and Ding Yun Sheng in 2024.Gross (loss)/profit: $(120)This reflects a decrease in revenue and an increase in the cost of revenue.Loss from operations: $(266,960)The increase in operating expenses is mainly due to advertising expenses, audit fees, legal services fees, loss expense on issuance of promissory notes, other professional fees, and salary to support daily operations.Net loss: $(919,852)The loss is mainly due to a decrease in revenue and an increase in loss on investment.Basic and diluted (loss) per common share: $(0.00)This reflects the net loss and the weighted average number of shares outstanding. Business Highlights Revenue Segments:The decrease in revenues for the six months ended June 30, 2025, was primarily due to the conclusion of contracts with key clients such as Surewell International, Pacific Range Hood, Superco Home Appliances, and Ding Yun Sheng in 2024, significantly impacting revenue contributions from IQI.Operating Expenses:Operating expenses increased due to higher advertising expenses, audit fees, legal services fees, and other professional fees, as well as costs associated with the issuance of promissory notes and salaries to support daily operations.Other Expenses:There was a significant increase in other expenses, primarily due to higher interest expenses and a loss on investment, which was mainly attributable to IFA's repurchase of additional shares at a lower unit price.Future Outlook:The company is exploring alternative sources of financing from institutional investors, private placement opportunities, and evaluating joint venture and co-production structures to unlock near-term revenue potential. The company is also focused on diversifying its funding base and reducing dependency on affiliate financing.SEC Filing: Winvest Group Ltd [ WNLV ] - 10-Q - Aug. 14, 2025