BeLive Holdings
Business
BeLive Holdings is a technology solution provider that develops and delivers live commerce and shoppable short video platforms for retailers, e-commerce marketplaces and broadcasters. Its main products comprise an enterprise-grade BeLive White Label Solution—customized and integrated into customers’ IT environments—and a cloud-based BeLive SaaS Solution that deploys via lightweight code/iframe for rapid integration, with features including interactive live streams, shoppable catalogs, analytics, virtual gifting, ticketing and AI-powered virtual hosts. Key business segments are bespoke White Label implementations and SaaS subscription, licensing, onboarding, usage and maintenance services. The company primarily serves customers in Asia and Oceania through direct sales, strategic alliances, inbound/outbound marketing and cloud-based distribution channels.
Summary from filing dated 2025-05-15
Financials
Consolidated Statement of Income
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Profit or loss [abstract] | — | — | — | |
| Revenue | 757,159 | 2 | 3 | |
| Cost of sales | 765,619 | 886,730 | 1 | |
| Gross (loss)/profit | −8,460 | 962,779 | 2 | |
| Non-Operating Income (Expense) | 132,808 | 65,351 | 255,292 | |
| Less: Expenses | — | — | — | |
| - Marketing | 169,102 | 243,899 | 327,782 | |
| - Administrative expenses | 7 | 6 | 3 | |
| - Provision for expected credit loss (“ECL”) | 5,166 | — | 26,049 | |
| - Bad debt written off | — | 9,068 | 227,067 | |
| - Finance cost | 14,116 | 3,150 | 9,414 | |
| Loss before tax | −7 | −6 | −2 | |
| Income tax expenses | 48,650 | — | — | |
| Loss for the year | −7 | −6 | −2 | |
| Items that may be reclassified subsequently to profit or loss: | — | — | — | |
| Foreign Currency Translation Adjustments | 8,966 | 6,693 | −1,663 | |
| Total comprehensive loss for the year | −7 | −6 | −2 | |
| Earnings Per Share (Basic) | −0.66 | −0.69 | −0.31 | |
| Earnings Per Share (Diluted) | −0.66 | −0.69 | −0.31 |
Consolidated Balance Sheet
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Statement of financial position [abstract] | — | — | |
| ASSETS | — | — | |
| Non-current assets | — | — | |
| Property, Plant and Equipment | 68,343 | 6,044 | |
| Intangible Assets | 392,531 | 624,240 | |
| Total non-current assets | 460,874 | 630,284 | |
| Current assets | — | — | |
| Accounts Receivable | 264,909 | 127,047 | |
| Contract Assets | 2,286 | 10,642 | |
| Cash and Cash Equivalents | 9 | 66,184 | |
| Total current assets | 9 | 203,873 | |
| Total assets | 9 | 834,157 | |
| EQUITY AND LIABILITIES | — | — | |
| LIABILITIES | — | — | |
| Non-current liability | — | — | |
| Operating Lease Liability, Non-Current | 22,806 | — | |
| Current liabilities | — | — | |
| Accounts Payable | 474,949 | 626,008 | |
| Total Current Liabilities | 20,800 | — | |
| Loan from a shareholder | — | 337,566 | |
| Lease liabilities | 20,353 | 6,500 | |
| Total current liabilities | 516,102 | 970,074 | |
| Total liabilities | 538,908 | 970,074 | |
| EQUITY | — | — | |
| Total Stockholders' Equity | 7,233 | 5,462 | |
| Retained Earnings | −34 | −28 | |
| Total Equity Including Noncontrolling Interest | 43 | 27 | |
| Total equity | 9 | −135,917 | |
| Total equity and liabilities | 9 | 834,157 |
Consolidated Statement of Cash Flows
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Statement of cash flows [abstract] | — | — | — | |
| Cash flows from operating activities | — | — | — | |
| Loss before tax | −7 | −6 | −2 | |
| Adjustments for: | — | — | — | |
| Depreciation Expense | 63,557 | 55,754 | 207,649 | |
| Amortization of intangible asset | 231,709 | 231,710 | 217,124 | |
| Provision for/(reversal of) expected credit loss | −5,166 | 2,110 | −26,049 | |
| Bad debt written off | — | 9,068 | 227,067 | |
| Interest income | 73,571 | 1 | 6,467 | |
| Interest Expense | 14,116 | 3,150 | 9,414 | |
| Foreign Currency Gain/Loss | 222,737 | — | — | |
| Loss on disposal of plant and equipment | — | −533 | — | |
| Stock-Based Compensation (CF) | 3 | 4 | — | |
| Written-off of plant and equipment | 166 | 53,295 | 1,731 | |
| Operating cash flows before working capital changes | −3 | −2 | −1 | |
| Change in Accounts Receivable | −143,028 | 304,442 | 1 | |
| Contract assets | 8,356 | 1,289 | 349,562 | |
| Trade and other payables | −151,059 | 177,495 | −134,208 | |
| Cash (used in)/generated from operations | −4 | −1 | 58,685 | |
| Net Cash from Operating Activities | 73,571 | 1 | 6,467 | |
| Income tax paid | 27,850 | — | 5,214 | |
| Net cash (used in)/generated from operating activities | −4 | −1 | 59,938 | |
| Cash flows from investing activities | — | — | — | |
| Proceeds from Sale of PP&E | — | 4,819 | — | |
| Purchase of plant and equipment | 74,142 | — | 2,145 | |
| Capitalization of intangible assets | — | — | 247,087 | |
| Net cash (used in)/generated from investing activities | −74,142 | 4,819 | −249,232 | |
| Cash flows from financing activities | — | — | — | |
| Net Cash from Financing Activities | 171 | 791 | — | |
| Proceeds from Stock Issuance | 13 | 641,510 | 335,085 | |
| Loan from a shareholder | 737,951 | 337,566 | — | |
| Repayment to a shareholder | 1 | — | — | |
| Interest paid | 2,651 | 1,706 | 9,414 | |
| Repayment of principal portion of lease liabilities | 24,308 | 54,060 | 153,757 | |
| Net cash generated from financing activities | 12 | 924,101 | 171,914 | |
| Net increase/(decrease) in cash and cash equivalents | 9 | −138,218 | −17,380 | |
| Net Change in Cash | −236,961 | 6,693 | −1,663 | |
| Cash and cash equivalents as at December 31 | — | — | — | |
| Cash and cash equivalents as at December 31 | — | — | — |