v3.26.3
Segments information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments information

Note 19 – Segments information

 

Upon adoption of the ASU 2023-07 on January 1, 2024, below disclosure and presentation have been retrospectively amended.

 

The Company’s operating segments have been identified based on the way management organizes the business by the nature of services provided to customers and how the Chief Operating Decision Maker (“CODM”) manages the business and allocates resources. The CODM for the Company is its Chief Executive Officer. The accounting policies applied to each segment are consistent with those described in the summary of significant accounting policies. Intersegment sales and transfers are accounted for as if the transactions were made with third parties, using current market prices.

 

The CODM evaluates the performance of reportable segments and allocates resources primarily based on segment profit (loss). Segment profit (loss) represents segment revenue less directly attributable and allocated cost of revenue and operating expenses. Segment profit (loss) is the primary measure used by the CODM and is determined in a manner consistent with the measurement principles used in preparing the consolidated financial statements in accordance with ASC 280-10-50-28A. The CODM does not evaluate the performance of segments using asset information. As such, the Company does not allocate assets to its reportable segments.

 

Segment profit (loss) excludes certain corporate-level expenses and non-operating items that are not allocated to the reportable segments. These items primarily include professional fees, loss on debt settlement, change in fair value of prepaid forward purchase liabilities, loss on settlement of prepaid forward contracts, and other corporate expenses managed on a consolidated basis. Such amounts are presented as reconciling items to consolidated net loss before income taxes. As a result, consolidated net loss before income taxes includes these unallocated corporate-level and non-operating items that are excluded from segment profit (loss), which gives rise to the difference between total segment profit (loss) and consolidated net loss before income taxes.

 

The CODM uses segment profit (loss) in the annual budgeting and forecasting process to allocate capital, marketing expenditures, and personnel resources among the property management services and holistic wellness consumer products and services. The CODM reviews segment profit (loss) on a regular basis, including comparisons of budgeted results to actual results, to evaluate margin performance, cost efficiency, and profitability trends within each segment. Segment profit (loss) is also used to compare the relative operating performance of the reportable segments in making decisions regarding expansion initiatives, product strategy, sales focus, and operational investments.

 

 

 

EUDA HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

(In U.S. dollars, unless stated otherwise)

 

The Company has identified its operating segments based on the internal financial information reviewed by the CODM to assess performance and allocate resources. The Company’s operating segments are organized primarily based on the nature of products sold and services provided. Based on the aggregation criteria in ASC 280, the Company has determined that it has two reportable segments: property management services and holistic wellness consumer products and services.

 

The following tables summarize the Company’s segment information for the six months ended June 30, 2026 and 2025:

  

          
   For the Six Months Ended June 30, 2026 
  

Property

management

services

  

Holistic

wellness

consumer

products and

services

   Total 
Revenue from external customers  $2,255,161   $1,212,674   $3,467,835 
                
Less:               
Cost of revenue   1,881,083    304,867    2,185,950 
Salary Expense   252,185    381,174    633,359 
Bad debt expense   11,780    -    11,780 
Other segment items   171,927    452,252    624,179 
Segment profits (loss)   (61,814)   74,381    12,567 
                
Reconciliation of segment profits (loss)               
Less: Unallocated amounts               
Professional fees             866,236 
Other corporate income             (1,253)
Net loss before income taxes             (852,416)

 

                  
   For the Six Months Ended June 30, 2025 
  

Property

management

services

  

Holistic

wellness

consumer

products and

services

   Others     Total 
Revenue from external customers  $2,089,041   $893,785   $ 74,497     $3,057,323 
                        
Less:                       
Cost of revenue   1,622,146    599,863      -      2,222,009 
Segment gross profits (loss)   466,895    293,922     74,497      835,314 
                        
Less:                       
Salary Expense   

175,350

    

360,719

     -      

536,069

 
Other segment items   143,189    363,595     -      506,784 
Segment profits (loss)   148,356    (430,392)    74,497      (207,539)
                        
Reconciliation of segment profits (loss)                       
Less: Unallocated amounts                       
Professional fees                     971,277 
Other corporate expenses                     27,153 
Net loss before income taxes                     (1,205,970)

 

 

EUDA HEALTH HOLDINGS LIMITED AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

(In U.S. dollars, unless stated otherwise)

 

Other Significant Items:

 

             
   For the Six Months Ended June 30, 2026 
  

Property

management

services

  

Holistic

wellness

consumer

products

and

services

   Others   Total 
Interest expense  $895   $-   $57,293   $58,188 
Depreciation and amortization  $338   $31,885   $81,221   $113,444 
Capital expenditure  $-   $259,135   $-   $259,135 

 

             
   For the Six Months Ended June 30, 2025 
  

Property

management

services

  

Holistic

wellness

consumer

products

and

services

   Unallocated   Total 
Interest expense  $1,570   $1,372   $61,133   $63,767 
Depreciation and amortization  $2,170   $11,027   $75,004   $88,201 
Capital expenditure  $23,222   $-   $-   $23,222 

 

Disaggregated information of revenues by regions are as follows:

   

       
   For the Six Months Ended June 30, 
   2026   2025 
   (Unaudited)   (Unaudited) 
Singapore  $2,672,354   $2,220,450 
Malaysia   795,481    836,873 
Total  $3,467,835   $3,057,323