Quarterly ResultMay 8, 2026, 02:07 PM
Winvest Group Ltd Reports $15M Net Loss for 2025; Going Concern Warning
AI Summary
Winvest Group Ltd reported a net loss of $15,044,666 for the year ended December 31, 2025, with an accumulated deficit of $120,846,266 and a working capital deficit of $1,487,897, leading its auditor to issue a going concern opinion. The company generated aggregate revenue of $78,426 for the year. In recent management changes, Wan Nyuk Ming and Ng Chian Yin resigned from the Board in January 2026, with Khiow Hui Lim appointed as the new Chairman. The company's subsidiary, IQI Media, Inc., is repositioning itself as an AI Studio, leveraging its proprietary Launchrr SaaS platform for content distribution and monetization.
Key Highlights
- Reported a net loss of $15,044,666 for the year ended December 31, 2025.
- Generated aggregate total revenue of $78,426 for the year ended December 31, 2025.
- Had an accumulated deficit of $120,846,266 as of December 31, 2025.
- Had a working capital deficit of $1,487,897 as of December 31, 2025.
- Auditor issued a going concern opinion due to operating losses and financial condition.
- Wan Nyuk Ming and Ng Chian Yin resigned from the Board on January 27, 2026.
- Khiow Hui Lim appointed Chairman of the Board on January 27, 2026.
- IQI Media, Inc. is repositioning as an AI Studio with its Launchrr SaaS platform.