Agape ATP Corp

Listed Company

ATPCCIK 0001713210NasdaqNon-AcceleratedSmaller ReportingServices-Health ServicesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$1.52M

Net Income

$-2.28M

Total Assets

$24.59M

Equity

$22.46M

Shares Out

1.00M

Op. Cash Flow

$-2.41M

Business

Agape ATP Corp is a provider of health and wellness products and advisory services operating through multiple subsidiaries. It offers health supplements and programs, principally the ATP Zeta Health Program and the E.A.T.S. series, complementary health therapies and wellness promotion services. Key business segments include direct-selling health and wellness products via Agape Superior Living and related network marketing entities, complementary therapy services (DSY Wellness), a digital wellness platform initiative (ATPC Tech), and a renewable energy division (ATPC Green Energy). Its products are sold predominantly in Malaysia through distributor networks, stockists, sales branches and e-commerce channels, with digital services targeting the ASEAN market.

Summary from filing dated 2025-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
REVENUE	2	1	1	2	1
COST OF REVENUE	−685,992	−563,599	−494,516	−666,042	—
GROSS PROFIT	838,270	759,148	936,572	1	719,629
SELLING	−242,074	−162,712	−629,003	−361,414	−394,682
COMMISSION	−73,691	−34,905	−88,132	−405,351	−316,267
GENERAL AND ADMINISTRATIVE	−4	−3	−2	−2	−2
TOTAL OPERATING EXPENSES	−4	−3	−3	−3	−3
LOSS FROM OPERATIONS	−3	−3	−2	−2	−2
Other income, net	113,807	29,209	5,724	−79,539	−68,323
Interest income	3,416	67,930	29,249	16,190	25,570
Unrealized holding gain (loss) on marketable securities	8,953	−5,018	3,493	−73,519	−505,231
Gain on disposal of property and equipment	—	112	1,753	—	—
Exchange gain, net	826,149	—	—	—	—
Loss on disposal of non-marketable securities	−1,000	—	—	—	—
TOTAL OTHER INCOME, NET	951,325	92,233	40,219	−136,868	−529,045
LOSS BEFORE INCOME TAXES	−2	−2	−2	−2	−2
INCOME TAX EXPENSE	−2,285	−4,934	−3,575	4,055	−137,067
NET LOSS	−2	−2	−2	−2	−3
NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS	27,816	15,570	7,950	−20,820	436
NET LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION	−2	−2	−2	−2	−3
Foreign currency translation adjustment	−42,542	−2,363	20,949	−84,132	−87,615
TOTAL COMPREHENSIVE LOSS	−2	−2	−2	−2	−3
Less: Comprehensive loss attributable to non-controlling interests	29,655	15,572	8,734	−20,849	−433
COMPREHENSIVE LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION	−2	−2	−2	−2	−3
Basic (per share)	−2.85	−31.74	−0.55	−0.02	−0.01
Diluted (per share)	−2.85	−31.74	−0.55	−0.02	—
Basic (shares)	801,081	77,839	4	88	376
Diluted (shares)	801,081	77,839	4	88	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-09-30	FY 2023 2023-08-31
Cash and cash equivalents (Included $257 and $1,139 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2025 and 2024, respectively.)	140,072	2	5	—	—
Accounts receivable, net	12,315	53,651	55,458	—	—
Inventories	27,391	46,347	47,907	—	—
Prepaid taxes	31,798	45,426	21,993	—	—
Prepayments and deposits (Included $0 and $7 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2025 and 2024, respectively.)	24	586,172	215,806	—	—
Total Current Assets	24	3	5	—	—
Property and equipment, net	14,570	31,463	77,858	—	—
Intangible assets, net	9,471	13,082	17,458	—	—
Finance lease assets	150,949	178,948	86,335	—	—
Operating right-of-use assets	102,101	224,595	357,301	8,940	126,093
Investment in marketable securities	22,679	13,737	20,171	—	—
Investment in non-marketable securities	—	1,500	—	—	—
Total Non-Current Assets	299,770	463,325	559,342	—	—
TOTAL ASSETS	25	3	6	—	—
Customer deposits	168,603	96,976	101,575	—	—
Operating lease liabilities, current	93,781	150,370	138,548	—	—
Other payables and accrued liabilities ($1,631 and $1,478 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of December 31, 2025 and 2024, respectively.)	794,913	712,436	726,061	—	—
Finance lease liabilities, current	25,342	21,635	7,075	—	—
Income tax payable	1,132	4,434	—	—	—
Total Current Liabilities	2	1	1	—	—
Operating lease liabilities, non-current	8,761	75,425	219,530	—	—
Finance lease liabilities, non-current	101,902	115,350	72,563	—	—
Total Non-Current Liabilities	110,663	190,775	292,093	—	—
TOTAL LIABILITIES	2	1	1	—	—
COMMITMENTS AND CONTINGENCIES (Note 20)	—	—	—	—	—
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding	—	—	—	—	—
Common Stock, par value $0.0001; 500,000,000 and 50,000,000 shares authorized, 1,000,626 and 79,781 shares issued and outstanding as of December 31, 2025 and 2024, respectively.	100	8	386	—	—
Additional paid in capital	34	11	11	—	—
Accumulated deficit	−12	−10	−7	—	—
Accumulated other comprehensive income	−14,690	27,852	30,215	—	—
TOTAL AGAPE CORPORATION STOCKHOLDERS EQUITY	22	2	4	—	—
NON-CONTROLLING INTERESTS	−33,448	−3,793	11,779	—	—
TOTAL EQUITY	22	2	4	—	—
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	25	3	6	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation of property and equipment	20,189	52,570	70,337	71,754	75,797
Amortization of intangible assets	4,714	4,770	5,645	2,122	—
Amortization of operating right-of-use assets	158,924	139,867	147,212	144,064	139,451
Amortization of finance lease assets	44,151	29,445	—	—	—
Gain on disposal of property and equipment	—	−112	−1,753	—	—
Unrealized exchange gain	−825,706	—	—	—	—
Allowance for credit loss	519,442	98,705	29,955	—	—
Deferred tax expense	0	220	−220	−14,751	10,127
Inventory write off	7,035	—	—	—	—
Inventory write-down	11,825	7,081	—	5,307	36,241
Accounts receivables	32,132	−28,295	−53,641	−2,824	167,566
Amount due from related parties	162	8,889	−995	−3,786	—
Inventories	3,348	−4,225	−3,216	343,483	192,713
Prepaid taxes	17,406	−22,322	305,567	263,404	430,062
Prepayments and deposits	−380,199	−434,447	−34,532	61,500	−128,363
Other receivables	2,489	−2,105	8,961	27,613	—
Accounts payable	−21,972	44,657	28,109	15,825	—
Accounts payable related parties	14,010	−5,107	10,347	25,597	—
Customer deposits	58,581	−7,340	−248,299	94,877	52,981
Operating lease liabilities	−159,762	−139,476	−147,951	−145,197	−138,143
Other payables and accrued liabilities	112,551	14,761	3,485	−119,963	226,651
Other payables related parties	286,391	−7,065	3,185	4,878	—
Income tax payables	−3,573	4,340	−10,591	6,974	3,988
Net cash used in operating activities	−2	−3	−2	−811,683	−845,842
Purchase of property and equipment	−1,049	−50,162	−52,320	−9,433	−3,959
Proceeds from disposal of property and equipment	—	112	35,069	—	—
Advances for investment	−23	—	—	—	—
Net cash used in investing activities	−23	−50,050	−17,251	−32,119	−3,959
Proceeds from disposal of non-marketable securities	500	—	—	—	—
Payment of finance lease liabilities	−22,685	−11,856	−9,594	—	—
Net proceeds from issuance of common stock	23	—	6	—	—
Advance from director	520,831	—	—	—	—
Net cash provided by financing activities	23	−11,856	5	−234,466	−19,061
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	15,654	−4,096	15,067	−81,150	−50,890
DECREASE IN CASH AND CASH EQUIVALENTS	−2	−3	3	−1	−919,752
Income taxes paid	10,368	24,003	34,844	—	—
Refund of prepaid tax	21,917	1,681	326,024	—	—
Motor vehicle acquired through finance lease	—	65,761	78,824	—	—
Operating lease right-of-use assets obtained in exchange for lease liabilities	5,059	—	428,523	—	—

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