Quarterly ResultMay 27, 2026, 01:08 PM
Ga Mee Global Limited Faces Going Concern Doubt Amid Rising Losses
AI Summary
Ga Mee Global Limited's financial statements for the year ended December 31, 2025, reported a net loss of $1,677,583, a capital deficiency of $6,267,065, and net current liabilities of $8,972,057. The independent auditor issued a going concern warning due to these significant financial challenges. Despite an increase in revenue to $3,195,139, administrative expenses also rose, contributing to the larger loss compared to the previous year.
Key Highlights
- Auditor issued a going concern warning due to net loss, capital deficiency, and net current liabilities.
- Reported a net loss of $1,677,583 for the year ended December 31, 2025.
- Had a capital deficiency of $6,267,065 as of December 31, 2025.
- Recorded net current liabilities of $8,972,057 as of December 31, 2025.
- Revenue increased to $3,195,139 for the year ended December 31, 2025.
- Gross profit was $2,138,344 for the year ended December 31, 2025.
- Administrative expenses rose to $3,727,319 for the year ended December 31, 2025.
- Recognized an impairment loss on trade receivables of $77,138 in 2025.
Price Impact
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