Consolidated results for the first quarter of the fiscal year ending December 2026
Beat Holdings Limited (the Group)
Licensing business, messaging business, investment business, and consolidated subsidiary GINSMS Inc.
The Company has continued to record significant operating losses and net losses attributable to owners of the parent through the previous consolidated fiscal year, cash flow conditions are extremely challenging, and funds are insufficient to repay existing debt. It is also expected to be difficult to cover working capital and other requirements with revenue from the licensing and messaging businesses.
Operating loss: US$809 thousand (¥129 million); net loss attributable to owners of the parent: US$674 thousand (¥108 million); comprehensive loss: US$4,873 thousand (¥779 million)
First quarter of the fiscal year ending December 2026 (1 January 2026 to 31 March 2026)
Revision to the earnings forecast for the quarter: None. The full-year forecast is revenue of US$943 thousand, operating loss of US$4,076 thousand, ordinary loss of US$5,081 thousand, and net loss attributable to owners of the parent of US$5,082 thousand.
The Company will work to expand its licensing and messaging businesses, pursue its investment business, continue investing in BTC, repay part of its debt, and secure near-term working capital. It will also consider extending the repayment deadlines for borrowings and other debt, as well as raising new funds.
| Item | Details |
|---|---|
| Event name | Consolidated results for the first quarter of the fiscal year ending December 2026 |
| Date of occurrence | 1 January 2026 to 31 March 2026 (cumulative consolidated period for the first quarter) |
| Subject Entity | Beat Holdings Limited (the Group) |
| Target Locations / Products | Licensing business, messaging business, investment business, and consolidated subsidiary GINSMS Inc. |
| Cause | The Company has continued to record significant operating losses and net losses attributable to owners of the parent through the previous consolidated fiscal year, cash flow conditions are extremely challenging, and funds are insufficient to repay existing debt. It is also expected to be difficult to cover working capital and other requirements with revenue from the licensing and messaging businesses. |
| Amount of Impact on Business Performance | Operating loss: US$809 thousand (¥129 million); net loss attributable to owners of the parent: US$674 thousand (¥108 million); comprehensive loss: US$4,873 thousand (¥779 million) |
| Accounting period in which recognized | First quarter of the fiscal year ending December 2026 (1 January 2026 to 31 March 2026) |
| Impact on Earnings Forecast | Revision to the earnings forecast for the quarter: None. The full-year forecast is revenue of US$943 thousand, operating loss of US$4,076 thousand, ordinary loss of US$5,081 thousand, and net loss attributable to owners of the parent of US$5,082 thousand. |
| Outlook | The Company will work to expand its licensing and messaging businesses, pursue its investment business, continue investing in BTC, repay part of its debt, and secure near-term working capital. It will also consider extending the repayment deadlines for borrowings and other debt, as well as raising new funds. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company cites the continued recording of significant operating and net losses, extremely challenging cash flow conditions, and insufficient funds to repay existing debt as circumstances that raise significant doubt about the going concern assumption. It also expects that it will be difficult to cover working capital and other requirements solely from revenue generated by its licensing and messaging businesses.