Goodwill (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill

Schedule of goodwill


		Sparrow		iClick
		group		group		Total
At January 1, 2024 and December 31, 2024		16,735		—		16,735
Business combination – merger transaction (Note 5.1)		—		36,401		36,401
At December 31, 2025		16,735		36,401		53,136

Schedule of key assumptions used by management for VIU calculation for Sparrow Group


		As of
		January 1,		As of December 31,
		2024		2024		2025
Revenue growth rate		7% - 41	%	5% - 69	%	17% - 22	%
Gross profit margin		42% - 44.9	%	39.9% - 49.7	%	32	%
Terminal growth rate		3.5	%	3.5	%	3.5	%
Pre-tax discount rate		16	%	16	%	16	%


		As of
		January 1,		As of December 31,
		2024		2024		2025
Revenue growth rate		—		—		2% - 7	%
Gross profit margin		—		—		69% - 70	%
Terminal growth rate		—		—		2	%
Pre-tax discount rate		—		—		15	%