v3.26.1
Revenue
 12 Months Ended
Dec. 31, 2025
Revenue [Abstract]  
Revenue
22.Revenue

 

   Year ended December 31, 
   2023   2024   2025 
                
Revenue from contracts with customers  $35,838,780   $48,493,897   $45,020,570 
a)Disaggregation of revenue from contracts with customers

 

The Group derives revenue from the transfer of goods and services over time and at a point in time in the following revenue sources:

 

2023  Digital
studio		   Media and
branded
content		   Technology   Total 
                 
Revenue from external customer contracts:                    
TNL Group                    
Timing of revenue recognition                    
At a point in time  $
-
   $636,262   $
-
   $636,262 
Over time   9,535,853    2,705,481    7,830,627    20,071,961 
MG Group                    
Timing of revenue recognition                    
At a point in time   
-
    6,015,726    2,782,809    8,798,535 
Over time   5,910,518    421,504    
-
    6,332,022 
   $15,446,371   $9,778,973   $10,613,436   $35,838,780 

 

2024  Digital
studio		   Media and
branded
content		   Technology   Total 
                 
Revenue from external customer contracts:                
TNL Group                
Timing of revenue recognition                    
At a point in time  $
-
   $466,341   $
-
   $466,341 
Over time   10,876,252    3,841,922    9,452,107    24,170,281 
MG Group                    
Timing of revenue recognition                    
At a point in time   
-
    8,858,071    4,753,815    13,611,886 
Over time   9,673,390    571,999    
-
    10,245,389 
   $20,549,642   $13,738,333   $14,205,922   $48,493,897 

 

2025  Digital
studio		   Media and
branded
content		   Technology   Total 
                 
Revenue from external customer contracts:                
TNL Group                
Timing of revenue recognition                    
At a point in time  $
-
   $320,678   $
-
   $320,678 
Over time   8,254,122    3,280,147    8,991,810    20,526,079 
MG Group                    
Timing of revenue recognition                    
At a point in time   
-
    8,765,332    4,494,265    13,259,597 
Over time   10,400,874    513,342    
-
    10,914,216 
   $18,654,996   $12,879,499   $13,486,075   $45,020,570 

 

Note: the segment information please refer to Note 43 for details.

b)Contract assets and liabilities

 

The Group has recognized the following contract assets and liabilities in relation to revenue from contracts with customers:

 

   January 1, 2024   December 31, 2024   December 31, 2025 
             
Contract assets:               
Service contracts  $3,153,022   $3,980,380   $4,255,965 
Contract liabilities               
Advance sales receipts  $988,753   $578,219   $1,381,821 

 

The information relating to loss allowance for contract assets is provided in Note 42 a) (c).

 

c)Significant changes in contract assets

 

The increase in contract assets during the year ended December 31, 2024 and 2025 was attributed to progress of projects towards contract activities and is ahead of the agreed payment schedule.

 

d)Revenue recognized that was included in the contract liability balance at the beginning of the period:

 

   Year ended December 31, 
   2023   2024   2025 
             
Revenue recognized that was included in the contract liabilities balance at the beginning of the period               
Advance sales receipts  $680,723   $988,753   $578,219 

 

e)All of the service contracts are for periods of one year or less. As permitted under IFRS 15, “Revenue from Contracts with Customers”, the transaction price allocated to these unsatisfied contracts is not disclosed.