| Segment information |
The Group is primarily engaged in
digital advertising, integrated marketing, marketing survey, artificial intelligence technology, data analysis, content service platform
and production of audio-visual programs.
| b) | Measurement of segment information |
The Group’s reportable segments
are strategic business units which provide different products and services. The accounting policies adopted by the operating segments
are the same as the accounting policies described in Note 4 aa).
| c) | Information about segment profit or loss, and assets |
The segment information provided to
the chief operating decision maker for the reportable segments is as follows:
| | |
Year ended December 31, 2023 | |
| | |
TNL Group (Note 1) | | |
MG Group (Note 3) | | |
Total | |
| | |
| | |
| | |
| |
| Segment revenue | |
$ | 20,708,223 | | |
$ | 15,130,557 | | |
$ | 35,838,780 | |
| Inter-segment revenue | |
| - | | |
| - | | |
| - | |
| Revenue from external customers | |
$ | 20,708,223 | | |
$ | 15,130,557 | | |
$ | 35,838,780 | |
| Cost of revenue | |
$ | (12,515,830 | ) | |
$ | (10,671,566 | ) | |
$ | (23,187,396 | ) |
| Operating profit (loss) | |
$ | (7,331,667 | ) | |
$ | (63,944 | ) | |
$ | (7,395,611 | ) |
| Depreciation and Amortization | |
$ | (1,646,899 | ) | |
$ | (1,188,658 | ) | |
$ | (2,835,557 | ) |
| Impairment loss | |
$ | - | | |
$ | (298,424 | ) | |
$ | (298,424 | ) |
| Interest income | |
$ | 18,131 | | |
$ | 1,209 | | |
$ | 19,340 | |
| Interest expense | |
$ | (239,216 | ) | |
$ | (59,742 | ) | |
$ | (298,958 | ) |
| Purchase of property, plant and equipment | |
$ | 76,767 | | |
$ | 23,330 | | |
$ | 100,097 | |
| Segment assets | |
$ | 53,508,676 | | |
$ | 66,107,591 | | |
$ | 119,616,267 | |
| | |
Year ended December 31, 2024 | |
| | |
TNL Group (Note 2) | | |
MG Group (Note 3) | | |
Total | |
| | |
| | |
| | |
| |
| Segment revenue | |
$ | 24,636,622 | | |
$ | 23,868,682 | | |
$ | 48,505,304 | |
| Inter-segment revenue | |
| - | | |
| (11,407 | ) | |
| (11,407 | ) |
| Revenue from external customers | |
$ | 24,636,622 | | |
$ | 23,857,275 | | |
$ | 48,493,897 | |
| Cost of revenue | |
$ | (14,001,472 | ) | |
$ | (16,753,868 | ) | |
$ | (30,755,340 | ) |
| Operating profit (loss) | |
$ | (51,174,681 | ) | |
$ | (25,169,521 | ) | |
$ | (76,344,202 | ) |
| Depreciation and Amortization | |
$ | (1,609,824 | ) | |
$ | (1,630,744 | ) | |
$ | (3,240,568 | ) |
| Impairment loss | |
$ | (3,500,910 | ) | |
$ | (25,525,140 | ) | |
$ | (29,026,050 | ) |
| Listing expenses | |
$ | (38,160,746 | ) | |
| - | | |
$ | (38,160,746 | ) |
| Interest income | |
$ | 20,695 | | |
$ | 1,078 | | |
$ | 21,773 | |
| Interest expense | |
$ | (8,063,217 | ) | |
$ | (104,655 | ) | |
$ | (8,167,872 | ) |
| Purchase of property, plant and equipment | |
$ | 60,419 | | |
$ | 21,540 | | |
$ | 81,959 | |
| Segment assets | |
$ | 53,627,184 | | |
$ | 39,287,893 | | |
$ | 92,915,077 | |
| | |
Year ended December 31, 2025 | |
| | |
TNL Group (Note 2,4) | | |
MG Group (Note 3) | | |
Total | |
| | |
| | |
| | |
| |
| Segment revenue | |
$ | 20,863,241 | | |
$ | 24,401,864 | | |
$ | 45,265,105 | |
| Inter-segment revenue | |
| (16,484 | ) | |
| (228,051 | ) | |
| (244,535 | ) |
| Revenue from external customers | |
$ | 20,846,757 | | |
$ | 24,173,813 | | |
$ | 45,020,570 | |
| Cost of revenue | |
$ | (12,276,965 | ) | |
$ | (18,764,548 | ) | |
$ | (31,041,513 | ) |
| Operating loss | |
$ | (3,824,677 | ) | |
$ | (41,060,968 | ) | |
$ | (44,885,645 | ) |
| Depreciation and Amortization | |
$ | (1,581,986 | ) | |
$ | (1,712,991 | ) | |
$ | (3,294,977 | ) |
| Impairment loss | |
$ | (-) | | |
$ | (39,211,519 | ) | |
$ | (39,211,519 | ) |
| Interest income | |
$ | 15,796 | | |
$ | 2,474 | | |
$ | 18,270 | |
| Interest expense | |
$ | (603,454 | ) | |
$ | (66,386 | ) | |
$ | (669,840 | ) |
| Purchase of property, plant and equipment | |
$ | 91,139 | | |
$ | 38,729 | | |
$ | 129,868 | |
| Segment assets | |
$ | 22,307,125 | | |
$ | 26,712,245 | | |
$ | 49,019,370 | |
| | Note 1: | TNL Group includes The News Lens Co., Ltd and all its subsidiaries, Inside Co., Ltd, The News Lens Hong Kong Ltd. and TNL MG. | | | | | | | Note 2: | TNL Group includes The News Lens Co., Ltd and all its subsidiaries, Inside Co., Ltd, The News Lens Hong Kong Ltd., Green Quest holding Inc., Dragon Marketing Inc. and Bule Ocean Acquisition Corp. | | | | | | | Note 3: | The Company acquired 100% of MG Group (including TNL Mediagene Inc., Mediagene Inc. and INFOBAHN Inc.) on May 25, 2023, please refer to Note 32 for details. | | | | | | | Note 4: | From the year ended December 31, 2025, as the scope of management services provided by the Company has been expanded to include the MG
Group, the Company has been excluded from the TNL Group from that fiscal year. Accordingly, the accounting treatment has been changed
such that the related amounts are adjusted and presented as other corporate items, including (i) Other corporate expenses, (ii) Other corporate interest income, (iii) Other corporate interest expense, and (iv) Other corporate segment assets. |
| d) | Reconciliation for segment income (loss) |
Revenue from external customers and segment income (loss)
reported to the chief operating decision maker are measured using the same method as for revenue and operating profit in the financial
statements. Thus, no reconciliation is needed.
| e) | Information on products and services |
Please refer to Note 22 for the disclosure by products
and services.
| f) | Reconciliations of information on reportable segments to the amounts reported in the financial statements |
| | |
Year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
| | |
| | |
| |
| Total operating loss for reportable segments | |
$ | (7,395,611 | ) | |
$ | (76,344,202 | ) | |
$ | (44,885,345 | ) |
| Other corporate expenses (Note 4) | |
| - | | |
| - | | |
| (4,698,357 | ) |
| Consolidated operating loss | |
$ | (7,395,611 | ) | |
$ | (76,344,202 | ) | |
$ | (49,584,002 | ) |
| | |
Year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
| | |
| | |
| |
| Total interest income for reportable segments | |
$ | 19,340 | | |
$ | 21,773 | | |
$ | 18,270 | |
| Other corporate interest income (Note 4) | |
| - | | |
| - | | |
| 287 | |
| Consolidated interest income | |
$ | 19,340 | | |
$ | 21,773 | | |
$ | 18,557 | |
| | |
Year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
| | |
| | |
| |
| Total interest expense for reportable segments | |
$ | (298,958 | ) | |
$ | (8,167,872 | ) | |
$ | (669,840 | ) |
| Other corporate interest expense (Note 4) | |
| - | | |
| - | | |
| (257,782 | ) |
| Consolidated interest expense | |
$ | (298,958 | ) | |
$ | (8,167,872 | ) | |
$ | (927,622 | ) |
| | |
Year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
| | |
| | |
| |
| Total segment assets for reportable segments | |
$ | 119,616,267 | | |
$ | 92,915,077 | | |
$ | 49,019,370 | |
| Other corporate segment assets (Note 4) | |
| - | | |
| - | | |
| 927,110 | |
| Consolidated segment assets | |
$ | 119,616,267 | | |
$ | 92,915,077 | | |
$ | 49,946,480 | |
| g) | Geographical information |
Geographical information for each of the December 31, 2023,
2024 and 2025 is as follows:
| | |
Year ended December 31, 2023 | | |
Year ended December 31, 2024 | | |
Year ended December 31, 2025 | |
| | |
Revenue | | |
Non-current assets (Note) | | |
Revenue | | |
Non-current assets (Note) | | |
Revenue | | |
Non-current assets (Note) | |
| Taiwan | |
$ | 20,683,925 | | |
$ | 13,699,720 | | |
$ | 24,636,622 | | |
$ | 13,338,197 | | |
$ | 20,846,757 | | |
$ | 12,165,609 | |
| Japan | |
| 15,154,855 | | |
| 87,968,155 | | |
| 23,857,275 | | |
| 60,602,248 | | |
| 24,173,813 | | |
| 19,455,466 | |
| | |
$ | 35,838,780 | | |
$ | 101,667,875 | | |
$ | 48,493,897 | | |
$ | 73,940,445 | | |
$ | 45,020,570 | | |
$ | 31,621,075 | |
| |
Note : |
Excluding financial assets at fair value through profit or loss, financials assets at fair value through other comprehensive income, financial assets at amortized costs and deferred tax assets. |
| h) | Major customer information |
For the years ended December 31,
2023, 2024 and 2025 there were no major customers accounting for more than 10% of the Group’s total revenue.
|