INCOME AND EXPENSES

12 Months Ended

Dec. 31, 2025

INCOME AND EXPENSES

Other income

*	Government grant income in FY2025 was provided by Singapore Government mainly through the Progressive Wage Credit Scheme and Enabling Employment Credit.

**	Other operating income was related to a license grant fee charge to YY Circle (Thailand) Ltd and YY Circle (HK) Pte Ltd, which are unrelated parties with the Company.

ii)

Other expenses

iii)

Expenses by nature

Total cost of revenue, selling and marketing expenses, general and administrative expenses include expenses of the following nature:

	2025		2024		2023
	USD		USD		USD
Advertisement and promotions		579,170		328,586		191,582
Agent fee		2,080,000		-		-
Allowance for impairment loss on receivables		756,241		-		-
Amortization and depreciation		934,211		371,517		288,557
Legal and professional fee		1,676,481		603,411		584,145
Office expenses		1,179,440		327,733		216,332
Rental of equipment and others		247,363		277,005		292,897
Staff expenses and wages		46,959,174		34,215,044		27,172,767
Share-based compensation		6,650,179		5,158,990		-
Transportation		140,098		86,561		90,737
Insurance expenses		277,795		187,111		237,097
Impairment loss on net investment		307,732		-		-
Other operating expenses		9,970,620		5,388,898		3,084,341
Total cost of revenue, selling and marketing expenses, general and administrative expenses		71,758,504		46,944,856		32,158,455