Greenpro Capital Corp.
Business
Greenpro Capital Corp. provides business advisory, corporate services and venture capital investment services to small and medium-sized enterprises. It offers cross-border business solutions, company formation, company secretarial and accounting outsourcing, tax planning, corporate finance and listing advisory, wealth and family office services, insurance brokerage and a security token digital asset exchange platform. Key business segments include corporate advisory and cross-border solutions, accounting outsourcing, venture capital and Green-X digital asset exchange operations. The company serves clients across Hong Kong, China, Malaysia and wider Southeast Asian and East Asian markets through regional offices and digital platforms.
Summary from filing dated 2025-04-09
Financials
Consolidated Statement of Income
| Concept | Trend | 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 |
|---|---|---|---|---|---|---|
| Total revenues | 2 | 3 | 3 | 4 | 3 | |
| Total cost of revenues | −407,393 | −426,440 | −571,578 | −1 | −472,686 | |
| GROSS PROFIT | 2 | 3 | 3 | 3 | 2 | |
| General and administrative expenses (including $145,505 and $149,817 of general and administrative expenses to related parties for the years ended December 31, 2025, and 2024, respectively) | −4 | −4 | −4 | −4 | −5 | |
| LOSS FROM OPERATIONS | −2 | −969,278 | −2 | −2 | −3 | |
| Other income (including $38,729 and $47,635 of other income from related parties for the years ended December 31, 2025, and 2024, respectively) | 67,330 | 53,334 | 79,033 | 104,846 | 46,740 | |
| Interest income (including $6,103 and $5,073 of interest income from related party for the years ended December 31, 2025, and 2024, respectively) | 9,251 | 19,161 | 41,401 | 21,417 | 7,494 | |
| Gain on disposal of real estate held for investment | — | 21,634 | — | — | — | |
| Gain on disposal of investments (including $39,800 and $324,917 of related party investments for the years ended December 31, 2025, and 2024, respectively) | 39,800 | 324,917 | — | — | — | |
| Reversal of impairment of investment (including $150 of related party investment for the year ended December 31, 2025) | 150 | — | 7 | — | — | |
| Interest expense | −883 | −1,070 | −729 | — | — | |
| Impairment of property and equipment | −813,552 | — | — | — | — | |
| Impairment of real estate held for sale | −96,846 | — | — | — | — | |
| Impairment of other investments (including $12,073 and $87,425 of related party investments for the years ended December 31, 2025, and 2024, respectively) | −12,073 | −87,425 | −5 | −4 | — | |
| Impairment of goodwill | −6,035 | −82,561 | — | −263,247 | — | |
| Loss on disposal of investment (including $100 of related party investment for the year ended December 31, 2024) | — | −100 | — | — | — | |
| Fair value loss on digital assets | −4,818 | — | — | — | — | |
| Total other (expenses) income | −817,676 | 247,890 | 3 | −5 | −12 | |
| LOSS BEFORE INCOME TAX | −3 | −721,388 | 1 | −6 | −14 | |
| Income tax expense | −12,241 | −4,439 | −6,829 | −2,356 | −4,940 | |
| NET LOSS | −3 | −725,827 | 1 | −6 | −14 | |
| Net loss attributable to noncontrolling interests | — | 10,543 | 23,886 | −88,684 | 13,876 | |
| NET LOSS ATTRIBUTED TO COMMON SHAREHOLDERS OF GREENPRO CAPITAL CORP. | −3 | −715,284 | 1 | −6 | −14 | |
| - Foreign currency translation income (loss) | 143,889 | −25,946 | −85,278 | −198,028 | — | |
| COMPREHENSIVE LOSS | −3 | −741,230 | 988,307 | −7 | −14 | |
| NET LOSS PER SHARE, BASIC | −0.37 | −0.09 | 0.14 | −0.81 | −2.07 | |
| NET LOSS PER SHARE, DILUTED | −0.37 | −0.09 | 0.14 | −0.81 | — | |
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, BASIC | 8 | 8 | 8 | 8 | 7 | |
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK OUTSTANDING, DILUTED | 8 | 8 | 8 | 8 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-05-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents (including $64,239 and $77,239 of time deposits as of December 31, 2025, and 2024, respectively) | 636,659 | 1 | — | 2 | 4 | |
| Accounts receivable, net of allowance for credit losses of $2,095 and $2,883 as of December 31, 2025, and 2024, respectively (including $41 of net accounts receivable from related party as of December 31, 2024) | 8,805 | 94,521 | — | 44,938 | 169,537 | |
| Prepaids and other current assets | 451,063 | 450,458 | — | 627,315 | 773,040 | |
| Digital assets | 282,161 | 192,398 | — | — | — | |
| Due from related parties | 995,640 | 954,184 | — | — | — | |
| Deferred costs of revenue (including $6,250 and $18,750 to related parties as of December 31, 2025, and 2024, respectively) | 58,099 | 38,382 | — | 16,291 | 168,605 | |
| Total current assets | 2 | 3 | — | 4 | 5 | |
| Property and equipment, net | 1 | 2 | — | 2 | 3 | |
| Real estate held for sale | 886,502 | 980,402 | — | 2 | 2 | |
| Real estate held for investment, net | 378,157 | 352,854 | — | 598,748 | 650,223 | |
| Intangible assets, net | 437 | 709 | — | 1,181 | 1,900 | |
| Goodwill | — | 6,035 | 6,035 | 82,561 | 82,561 | |
| Other investments (including $12,073 of related party investments as of December 31, 2024) | — | 12,073 | — | 100,106 | 5 | |
| Operating lease right-of-use assets, net | 19,890 | 19,929 | — | 114,551 | 17,510 | |
| Finance lease right-of-use asset, net | 15,794 | 20,272 | — | 25,527 | — | |
| TOTAL ASSETS | 5 | 6 | — | 9 | 16 | |
| Accounts payable and accrued liabilities | 1 | 975,208 | — | 724,796 | 758,909 | |
| Due to related parties | 101,922 | 57,497 | — | 389,274 | 448,251 | |
| Operating lease liabilities | 19,890 | 19,929 | — | 94,726 | 18,725 | |
| Finance lease liabilities, current portion | 4,442 | 3,766 | — | 3,426 | — | |
| Deferred revenue | 201,535 | 213,000 | — | 1 | 2 | |
| Total current liabilities | 1 | 1 | — | 2 | 3 | |
| Finance lease liabilities, non-current portion | 6,833 | 10,235 | — | 13,638 | — | |
| Total liabilities | 2 | 1 | — | 2 | 3 | |
| Commitments and contingencies | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 100,000,000 shares authorized; no shares issued and outstanding | — | — | — | — | — | |
| Common Stock, $0.0001 par value; 500,000,000 shares authorized; 8,625,813 and 7,575,813 shares issued and outstanding as of December 31, 2025, and 2024, respectively | 8,626 | 7,576 | — | 7,576 | 7,876 | |
| Additional paid in capital | 44 | 43 | — | 43 | 50 | |
| Accumulated other comprehensive loss | −192,226 | −336,115 | — | −310,169 | −224,891 | |
| Accumulated deficit | −40 | −37 | — | −37 | −38 | |
| Total Greenpro Capital Corp. stockholders equity | 4 | 5 | — | 6 | 12 | |
| Noncontrolling interests in consolidated subsidiary | 37,375 | 37,375 | — | 291,298 | 315,184 | |
| Total stockholders equity | 4 | 5 | — | 6 | 13 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 5 | 6 | — | 9 | 16 |
Consolidated Statement of Cash Flows
| Concept | Trend | 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 | 138,169 | 144,822 | 144,088 | 154,487 | — | |
| Amortization of intangible assets | 271 | 476 | 718 | 718 | — | |
| Amortization of operating lease right-of-use assets | 95,493 | 94,807 | 89,695 | 83,297 | 148,954 | |
| Amortization of finance lease right-of-use asset | 6,214 | 5,816 | 3,387 | — | — | |
| Fair value loss on digital assets | 4,818 | — | — | — | — | |
| (Recapture of) provision for credit losses | −825 | 90,223 | 584,919 | 19,075 | 22,583 | |
| Reversal of impairment of other investment - related party | −150 | — | −7 | — | — | |
| Accounts receivable | 85,716 | −49,583 | −460,323 | −157,227 | 160,889 | |
| Prepaids and other current assets | −605 | 176,857 | 165,368 | −600,778 | 68,846 | |
| Digital assets | −89,763 | −192,398 | — | — | — | |
| Deferred costs of revenue | −19,717 | −22,091 | 152,314 | −45,312 | −42,047 | |
| Accounts payable and accrued liabilities | 190,714 | 250,412 | −34,113 | −28,686 | 84,869 | |
| Income tax payable | — | −292 | −566 | −1,484 | 2,342 | |
| Operating lease liabilities | −95,493 | −94,807 | −90,910 | −89,257 | −143,622 | |
| Deferred revenue | −11,465 | −862,404 | −758,840 | −172,452 | 372,621 | |
| Net cash used in operating activities | −2 | −1 | −2 | −2 | −2 | |
| Proceeds from disposal of other investments | 39,950 | 322,820 | 500 | 400 | — | |
| Proceeds from real estate held for sale | — | 15,632 | — | — | — | |
| Proceeds from real estate held for investment | — | 267,985 | — | 840,036 | — | |
| Purchase of property and equipment | −2,788 | −5,068 | −85,069 | −3,016 | −39,349 | |
| Purchase of other investment | — | −92 | −500 | −1,250 | −10,875 | |
| Net cash provided by (used in) investing activities | 37,162 | 601,277 | −94,640 | 836,170 | 35,515 | |
| Principal payment of finance lease liabilities | −3,944 | −3,447 | −1,902 | — | — | |
| Advances from (to) related parties | 2,969 | −205,321 | — | — | −1 | |
| Proceeds from shares issued for cash | 1 | — | — | — | — | |
| Net cash provided by (used in) financing activities | 1 | −208,768 | −5,968 | 135,421 | 6 | |
| Effect of exchange rate changes on cash and cash equivalents | 30,904 | −130,434 | 6,988 | 4,142 | −68,760 | |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | −488,159 | −1 | −2 | −1 | 4 | |
| Cash paid for income tax | 11,371 | 1,692 | 7,374 | 3,599 | 3,631 | |
| Cash paid for interest | 883 | 1,070 | 729 | — | 343,009 | |
| Initial recognition of operating lease right-of-use assets and operating lease obligations by a lessee | 95,727 | — | 18,957 | — | — | |
| Distribution of real estate held for sale to a non-controlling interest for acquisition of noncontrolling interests shares in a subsidiary and settlement of noncontrolling interests loan | — | 678,085 | — | — | — |