Nomadar Corp. Segments Disclosure
NOTE 11. SEGMENT INFORMATION
The Company completed its Direct Listing on October 31, 2025. The Company operated as one operating segment with a focus on its efforts to complete the Direct Listing prior to the completion of the Direct Listing. Following the completion of the Direct Listing, the Company continues to operate as a single operating segment with a focus on growing its revenue-generating activities. The Company’s Chief Executive Officer (“CEO”), as the chief operating decision maker, manages and allocates resources to the operations of the Company based on the line items included within these financial statements and evaluates segment performance based on net loss. This enables the CEO to assess the overall level of available resources and determine how best to deploy these resources across functions, potential service lines, and development projects in line with the long-term company-wide strategic goals.
The Company’s significant segment expenses for its one segment for the years ended December 31, 2025 and 2024 consisted of the following:
| Year ended | ||||||||
| December 31, | December 31, | |||||||
| 2025 | 2024 | |||||||
| Revenue | $ | 921,940 | $ | 8,025 | ||||
| Cost of sales | 444,858 | 6,318 | ||||||
| Gross profit | 477,082 | 1,707 | ||||||
| General and administrative expenses | 444,009 | 92,018 | ||||||
| Professional fees | 2,766,385 | 1,274,941 | ||||||
| (Gain) loss on foreign currency transactions, net | (41,807 | ) | 109 | |||||
| Loss from operations | (2,691,505 | ) | (1,365,361 | ) | ||||
| Other expenses, net | 75,813 | 7,630 | ||||||
| Net Loss | $ | (2,767,318 | ) | $ | (1,372,991 | ) | ||
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.