v3.26.1
Segment information
6 Months Ended
Jun. 30, 2026
Segment information  
Segment information

14.Segment information

The chief operating decision-maker (“CODM”) regularly reviews financial results, allocates resources to and assesses the performance of each of the following reportable segments:

(i) Digital Assets Services and Solutions — development of digital asset platform and provision of digital asset service and solutions.

(ii) Marketing and Enterprise Solutions — provision of AI-driven online advertising services and provision of digitalized operational solutions.

To align with the Company’s latest business strategy and focus on the on-going AI adoption, the Company introduced a new revenue grouping, Agentic Revenue, comprising the new revenue stream through Agentic Market Making (“A-MM”) and the existing revenues generated from Marketing and Enterprise Solutions (formerly known as Online Advertising and SaaS Solutions) segment to better reflect the evolution of its AI-enabled business model.

14.Segment information (Continued)

The presentation of reportable operating segments has been revised, and accordingly the comparative figures of such reportable segments have been restated, as the management believes that the information regarding such restated segments would be useful to the users of these condensed consolidated interim financial statements.

Unaudited

  ​ ​ ​

For the six-month ended June 30, 2026

Digital Assets

Marketing and

Services

Enterprise

  ​ ​ ​

and Solutions

  ​ ​ ​

Solutions

  ​ ​ ​

Unallocated

  ​ ​ ​

Total

Digital assets platform revenue:

  ​

  ​

  ​

  ​

Wealth management solutions

9,569

9,569

Execution solutions

 

1,596

 

 

 

1,596

Payment solutions

 

1,090

 

 

 

1,090

 

12,255

 

 

12,255

Agentic revenue

 

3,525

 

8,169

 

 

11,694

Total segment revenues

 

15,780

 

8,169

 

 

23,949

Segment operating loss

 

(658)

 

(379)

 

(1,120)

 

(2,157)

Other profit or loss information:

 

  ​

 

  ​

 

  ​

 

  ​

Depreciation and amortization

 

(154)

 

(658)

 

 

(812)

Finance income

 

85

 

115

 

 

200

Finance costs

 

(8)

 

(16)

 

 

(24)

Income tax expense

 

 

(59)

 

 

(59)

Share of losses from an equity investee

 

 

(20)

 

 

(20)

  ​ ​ ​

Unaudited

  ​ ​ ​

For the six-month ended June 30, 2025

Digital Assets

Marketing and

Services

Enterprise

  ​ ​ ​

and Solutions

  ​ ​ ​

Solutions

  ​ ​ ​

Unallocated

  ​ ​ ​

Total

Digital assets platform revenue:

  ​

  ​

  ​

  ​

Wealth management solutions

21,462

21,462

Execution solutions

4,684

4,684

Payment solutions

 

1,655

 

 

 

1,655

 

27,801

 

 

 

27,801

Agentic revenue

 

 

5,654

 

 

5,654

Total segment revenues

 

27,801

 

5,654

 

 

33,455

Segment operating profit/(loss)

 

3,967

 

(93)

 

(3,813)

 

61

Other profit or loss information:

 

  ​

 

  ​

 

  ​

 

  ​

Depreciation and amortization

 

(229)

 

(392)

 

 

(621)

Finance income

 

60

 

32

 

 

92

Finance costs

 

(12)

 

(30)

 

 

(42)

Income tax expense

 

 

(4)

 

 

(4)

Share of losses from an equity investee

 

 

(24)

 

 

(24)

14.Segment information (Continued)

The following table breaks down revenue by geographic location of the Group’s revenue. The geographical location is based on the geographical location where customers are located.

  ​ ​ ​

For the six-month ended

  ​ ​ ​

June 30,

  ​ ​ ​

2025

  ​ ​ ​

2026

(unaudited)

(unaudited)

Asia

6,715

11,321

North America

 

12,065

 

12,070

Africa

 

14,639

 

29

Europe

 

27

 

519

Others

 

9

 

10

 

33,455

 

23,949

  ​ ​ ​

As of

  ​ ​ ​

As of

December 31,

June 30,

  ​ ​ ​

2025

  ​ ​ ​

2026

Segment assets

  ​

  ​

Digital Assets Services and Solution

 

167,574

 

215,053

Marketing and Enterprise Solutions

 

75,267

 

69,877

Total segment assets

 

242,841

 

284,930

Intersegment eliminations

 

(6,087)

 

(3,206)

Discontinued operations

 

17

 

10

Unallocated items

 

19,608

 

16,314

Total assets as per the condensed consolidated statement of financial position

 

256,379

 

298,048

Segment liabilities

 

  ​

 

  ​

Digital Assets Services and Solution

 

132,379

 

180,329

Marketing and Enterprise Solutions

 

17,996

 

16,235

Total segment liabilities

 

150,375

 

196,564

Intersegment eliminations

 

(6,085)

 

(3,206)

Discontinued operations

 

1,277

 

1,265

Unallocated items

 

500

 

604

Total liabilities as per the condensed consolidated statement of financial position

 

146,067

 

195,227