<span item_type="fundamental" item_id="3cff911e3cb6956a98a8c1f515de4572" counter_id="ST/US/HWH" env="prod"></span><span item_type="announcement" item_id="574295673753703681" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 206.78 K.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.04.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -214.27 K.</p><p></p><h3>Operational Metrics</h3><ul><li><strong>Cost of Revenue</strong>: For the three months ended September 30, 2025, the cost of revenue was $83,196, compared to $185,654 for the same period in 2024. For the nine months ended September 30, 2025, it was $392,300, compared to $478,436 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li><li><strong>Operating Expenses</strong>: Operating expenses for the three months ended September 30, 2025, were $369,978, down from $487,394 in 2024. For the nine months ended September 30, 2025, they were $1,600,381, compared to $2,637,517 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li><li><strong>Net Loss</strong>: The net loss for the three months ended September 30, 2025, was $299,618, compared to $537,143 in 2024. For the nine months ended September 30, 2025, the net loss was $710,613, compared to $2,277,303 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Activities</strong>: Net cash used in operating activities for the nine months ended September 30, 2025, was - $728,326, compared to - $1,404,073 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li><li><strong>Investing Activities</strong>: Net cash used in investing activities for the nine months ended September 30, 2025, was - $1,015,281, whereas net cash provided by investing activities in 2024 was $20,451,688.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li><li><strong>Financing Activities</strong>: Net cash provided by financing activities for the nine months ended September 30, 2025, was $1,203,307, compared to net cash used of - $19,405,313 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Gain on Disposal of Subsidiaries</strong>: For the nine months ended September 30, 2025, the gain was $383,677.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li><li><strong>Unrealized Loss on Convertible Note Receivable – Related Party</strong>: For the three months ended September 30, 2025, the loss was - $71,221, compared to - $374,329 in 2024. For the nine months ended September 30, 2025, the loss was - $104,285, compared to - $394,331 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The Company plans to expand Hapi Marketplace into South Korea and Hong Kong, with further expansion across Asia. It also intends to open additional Hapi Cafés and improve its business concept. Hapi Wealth Builder will leverage the expertise of its leaders to enhance wealth building for its members.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The Company ceased operations of its subsidiary Ketomei Pte. Ltd. in August 2025 and Hapi Café Korea Inc. in September 2025 due to unsustainable revenue. Additionally, on September 10, 2025, the Company sold 70% of the outstanding shares of its subsidiary, Alset F&amp;B One Pte. Ltd., to Alset International Limited.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1897245/000149315225018846/form10-q.htm"></span></li></ul>

HWH | 10-Q: FY2025 Q3 Revenue: USD 206.78 K