PMGC Holdings Inc. Segments Disclosure
| 21. | Reportable Segments and Geographic Areas |
The Company’s continuing operations consist of three reportable segments: (i) corporate, treasury and biosciences (ii) IT packaging solutions (iii) precision engineering and machining. The has been identified as the Chief Operating Decision Maker (CODM).
The following is a summary of the Company’s operations for the year ended December 31, 2025, and assets and liabilities as of December 31, 2025, split between reportable segments:
| Corporate, Treasury and Biosciences | IT Packaging Solutions | Precision Engineering and Machining | Total | |||||||||||||
| Revenue | $ | $ | 374,874 | $ | 215,210 | $ | 590,084 | |||||||||
| Cost of sales | $ | $ | 265,714 | $ | 139,056 | $ | 404,770 | |||||||||
| Gross profit | $ | $ | 109,160 | $ | 76,154 | $ | 185,314 | |||||||||
| Expenses | $ | 5,519,383 | $ | 203,616 | $ | 1,344,263 | $ | 7,067,262 | ||||||||
| Other income (expense) | $ | (391,340 | ) | $ | $ | (476,480 | ) | $ | (867,820 | ) | ||||||
| Net loss from continuing operations | $ | (5,910,723 | ) | $ | (94,456 | ) | $ | (1,744,589 | ) | $ | (7,749,768 | ) | ||||
| Current Assets | $ | 6,213,831 | $ | 395,526 | $ | 261,898 | $ | 6,871,255 | ||||||||
| Non-current assets | $ | 2,091,621 | $ | 1,522,468 | $ | 2,383,129 | $ | 5,997,218 | ||||||||
| Total Assets | $ | 8,305,452 | $ | 1,917,994 | $ | 2,645,027 | $ | 12,868,473 | ||||||||
| Current liabilities | $ | 3,413,529 | $ | 83,057 | $ | 445,710 | $ | 3,942,296 | ||||||||
| Non-current liabilities | $ | 30,972 | $ | 326,263 | $ | 731,580 | $ | 1,088,815 | ||||||||
| Total Liabilities | $ | 3,444,501 | $ | 409,320 | $ | 1,177,290 | $ | 5,031,111 | ||||||||
| Total Equity | $ | 4,860,951 | $ | 1,508,674 | $ | 1,467,737 | $ | 7,837,362 | ||||||||
All of the Company’s revenue is generated with customers located in the United States. The majority of the Company’s continuing operations are conducted from and its assets are located in the United States. PMGC Research, the Company’s Canadian subsidiary, was located in Canada and provided limited operational support and research.
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.