v3.26.1
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION
23.
SEGMENT INFORMATION

Segments are components of the Company that engage in business activities from which it recognizes revenues and incurs expenses and for which the operating results are regularly reviewed by the chief operating decision maker (the “CODM”), to make decisions about resources to be allocated to the segment and assess its performance. The CODM has been identified as the Group’s Chief Executive Officer. The Group operates as a single operating segment which is providing online brokerage services to global customers based on its trading platform. The single operating segment is reported in a manner consistent with the internal reporting provided to the CODM.

The CODM uses consolidated net income in deciding whether to reinvest profits into certain parts of the business or return a portion of such profits to shareholders. The accounting policies of such single operating segment are described in the summary of significant accounting policies. The measure of segment profit or loss is reported on the consolidated statements of comprehensive income. The CODM does not evaluate asset information for purposes of allocating resources or evaluating performance.

The Group primarily operates its business in the New Zealand, Singapore and the United States for the years ended December 31, 2023, 2024 and 2025. The following table presents total revenues by geographic area for the years indicated.

The Intra-companies revenues have been eliminated in this geographic information to reflect the external business conducted in each geographic region. The geographic analysis presented below is based on the location of the subsidiaries in which the transactions are recorded. This geographic information does not reflect the way the Company’s business is managed.

 

 

For the years ended December 31,

 

 

 

2023

 

 

2024

 

 

2025

 

 

US$

 

 

US$

 

 

US$

 

Revenue

 

 

 

 

 

 

 

 

 

The Cayman Islands

 

 

3,620,687

 

 

 

3,080,147

 

 

 

2,269,590

 

New Zealand

 

 

117,335,988

 

 

 

147,197,358

 

 

 

219,594,468

 

The United States

 

 

71,919,756

 

 

 

124,712,788

 

 

 

156,904,380

 

Singapore

 

 

66,705,363

 

 

 

91,218,902

 

 

 

163,278,999

 

Others

 

 

12,925,801

 

 

 

25,332,234

 

 

 

70,017,480

 

Total Revenues

 

 

272,507,595

 

 

 

391,541,429

 

 

 

612,064,917