ATPC
ATPC
Agape ATP CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $370.59K ▼ | $840.42K ▼ | $-592.98K ▲ | -160.01% ▼ | $-0.59 ▲ | $-518.1K ▲ |
| Q2-2025 | $465.5K ▲ | $845.9K ▼ | $-617.08K ▲ | -132.56% ▲ | $-0.61 ▲ | $-592.73K ▲ |
| Q1-2025 | $289.04K ▼ | $876.69K ▼ | $-698.95K ▲ | -241.82% ▼ | $-9 ▲ | $-669.38K ▲ |
| Q4-2024 | $359.78K ▲ | $1.03M ▲ | $-808.44K ▼ | -224.71% ▼ | $-10 ▼ | $-779.62K ▼ |
| Q3-2024 | $331.29K | $732.29K | $-509.63K | -153.83% | $-6.5 | $-484.14K |
What's going well?
Gross profit improved and operating losses narrowed, showing some cost control. No debt or interest expense, so the company isn't weighed down by loans.
What's concerning?
Revenue dropped sharply and the business is still losing a lot of money. Overhead costs are extremely high compared to sales, and there's no sign of a turnaround yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $133.71K ▼ | $24.39M ▼ | $1.59M ▲ | $22.83M ▼ |
| Q2-2025 | $215.97K ▼ | $24.72M ▼ | $1.31M ▲ | $23.43M ▼ |
| Q1-2025 | $578.79K ▼ | $25.18M ▲ | $1.15M ▼ | $24.05M ▲ |
| Q4-2024 | $2.04M ▼ | $3.24M ▼ | $1.31M ▲ | $1.93M ▼ |
| Q3-2024 | $2.72M | $3.96M | $1.2M | $2.75M |
What's financially strong about this company?
The company has a huge equity cushion, very little debt, and more than enough current assets to cover its bills. Most assets are tangible, and there are no hidden risks or goodwill write-down worries.
What are the financial risks or weaknesses?
Cash has dropped sharply this quarter, and retained earnings are deeply negative, showing a history of losses. Most assets are prepaids, not cash or investments, so liquidity could tighten if business slows.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-595.37K ▲ | $-256.74K ▲ | $-7 ▲ | $181.33K ▲ | $-82.26K ▲ | $-256.75K ▲ |
| Q2-2025 | $-623.25K ▲ | $-494.46K ▲ | $-11 ▲ | $121.02K ▼ | $-362.82K ▲ | $-494.47K ▲ |
| Q1-2025 | $-712.92K ▲ | $-1.45M ▼ | $-23M ▼ | $22.99M ▲ | $-1.46M ▼ | $-1.45M ▼ |
| Q4-2024 | $-826.6K ▼ | $-645.34K ▼ | $-1.44K ▲ | $-5.17K ▼ | $-678.79K ▼ | $-646.77K ▼ |
| Q3-2024 | $-524.04K | $-424.88K | $-45.04K | $-3.84K | $-441.95K | $-470.04K |
What's strong about this company's cash flow?
Cash burn is shrinking quarter over quarter, and the company is spending very little on capital investments. Working capital changes helped reduce cash outflows this quarter.
What are the cash flow concerns?
ATPC is still losing hundreds of millions in real cash each quarter, and the improvement came mostly from one-time working capital changes. Without more funding or a turnaround, cash could run out in less than a year.
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|
Energized Mineral Concentrate | $0 ▲ | $0 ▲ | $0 ▲ |
Health and Wellness Services | $0 ▲ | $0 ▲ | $0 ▲ |
Ionized Cal Mag | $0 ▲ | $0 ▲ | $0 ▲ |
Product | $0 ▲ | $0 ▲ | $0 ▲ |
Product Health Therapies | $0 ▲ | $0 ▲ | $0 ▲ |
5-Year Trend Analysis
A comprehensive look at Agape ATP Corporation's financial evolution and strategic trajectory over the past five years.
Key strengths include decent product-level gross margins, a historically conservative use of debt, and liquidity that, while weakening, has so far given the company room to experiment. Strategically, ATPC has carved out a differentiated narrative at the intersection of wellness, personalized nutrition, and green energy, supported by partnerships and ecosystem-building efforts. This differentiated positioning, if successfully monetized, could support higher-value customer relationships over time.
The central risks are ongoing revenue contraction, deep and widening losses, and persistent negative cash flow. Equity and cash have both been eroding, raising questions about how long the company can fund its ambitions without additional capital and potential dilution. The absence of recorded R&D spending despite an innovation-led story, the complexity of operating in multiple regulated and competitive industries, and capital‑market pressures related to listing compliance all add to the risk profile. In short, business execution and financial sustainability are both under strain.
The outlook depends heavily on whether ATPC can stabilize and then grow its revenue while bringing its cost base closer in line with reality. Successful commercialization of its personalized wellness products, services, medical device pipeline, and energy agreements could gradually transform today’s losses into a more sustainable model. However, until there is evidence of revenue traction and improving cash generation, the balance of observable trends is negative. The company appears to be in a race between strategic ambition and financial runway, and future developments in both operating performance and capital-raising efforts will be critical to watch.
About Agape ATP Corporation
https://www.agapeatpgroup.comAgape ATP Corporation, an investment holding company, supplies health and wellness products and health solution advisory services in Malaysia. It offers four series of programs that consist of various services and products under the ATP Zeta Health Program, ÉNERGÉTIQUE, BEAUNIQUE, and E.A.T.S. names.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $370.59K ▼ | $840.42K ▼ | $-592.98K ▲ | -160.01% ▼ | $-0.59 ▲ | $-518.1K ▲ |
| Q2-2025 | $465.5K ▲ | $845.9K ▼ | $-617.08K ▲ | -132.56% ▲ | $-0.61 ▲ | $-592.73K ▲ |
| Q1-2025 | $289.04K ▼ | $876.69K ▼ | $-698.95K ▲ | -241.82% ▼ | $-9 ▲ | $-669.38K ▲ |
| Q4-2024 | $359.78K ▲ | $1.03M ▲ | $-808.44K ▼ | -224.71% ▼ | $-10 ▼ | $-779.62K ▼ |
| Q3-2024 | $331.29K | $732.29K | $-509.63K | -153.83% | $-6.5 | $-484.14K |
What's going well?
Gross profit improved and operating losses narrowed, showing some cost control. No debt or interest expense, so the company isn't weighed down by loans.
What's concerning?
Revenue dropped sharply and the business is still losing a lot of money. Overhead costs are extremely high compared to sales, and there's no sign of a turnaround yet.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $133.71K ▼ | $24.39M ▼ | $1.59M ▲ | $22.83M ▼ |
| Q2-2025 | $215.97K ▼ | $24.72M ▼ | $1.31M ▲ | $23.43M ▼ |
| Q1-2025 | $578.79K ▼ | $25.18M ▲ | $1.15M ▼ | $24.05M ▲ |
| Q4-2024 | $2.04M ▼ | $3.24M ▼ | $1.31M ▲ | $1.93M ▼ |
| Q3-2024 | $2.72M | $3.96M | $1.2M | $2.75M |
What's financially strong about this company?
The company has a huge equity cushion, very little debt, and more than enough current assets to cover its bills. Most assets are tangible, and there are no hidden risks or goodwill write-down worries.
What are the financial risks or weaknesses?
Cash has dropped sharply this quarter, and retained earnings are deeply negative, showing a history of losses. Most assets are prepaids, not cash or investments, so liquidity could tighten if business slows.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-595.37K ▲ | $-256.74K ▲ | $-7 ▲ | $181.33K ▲ | $-82.26K ▲ | $-256.75K ▲ |
| Q2-2025 | $-623.25K ▲ | $-494.46K ▲ | $-11 ▲ | $121.02K ▼ | $-362.82K ▲ | $-494.47K ▲ |
| Q1-2025 | $-712.92K ▲ | $-1.45M ▼ | $-23M ▼ | $22.99M ▲ | $-1.46M ▼ | $-1.45M ▼ |
| Q4-2024 | $-826.6K ▼ | $-645.34K ▼ | $-1.44K ▲ | $-5.17K ▼ | $-678.79K ▼ | $-646.77K ▼ |
| Q3-2024 | $-524.04K | $-424.88K | $-45.04K | $-3.84K | $-441.95K | $-470.04K |
What's strong about this company's cash flow?
Cash burn is shrinking quarter over quarter, and the company is spending very little on capital investments. Working capital changes helped reduce cash outflows this quarter.
What are the cash flow concerns?
ATPC is still losing hundreds of millions in real cash each quarter, and the improvement came mostly from one-time working capital changes. Without more funding or a turnaround, cash could run out in less than a year.
Revenue by Products
| Product | Q1-2025 | Q2-2025 | Q3-2025 |
|---|---|---|---|
Energized Mineral Concentrate | $0 ▲ | $0 ▲ | $0 ▲ |
Health and Wellness Services | $0 ▲ | $0 ▲ | $0 ▲ |
Ionized Cal Mag | $0 ▲ | $0 ▲ | $0 ▲ |
Product | $0 ▲ | $0 ▲ | $0 ▲ |
Product Health Therapies | $0 ▲ | $0 ▲ | $0 ▲ |
5-Year Trend Analysis
A comprehensive look at Agape ATP Corporation's financial evolution and strategic trajectory over the past five years.
Key strengths include decent product-level gross margins, a historically conservative use of debt, and liquidity that, while weakening, has so far given the company room to experiment. Strategically, ATPC has carved out a differentiated narrative at the intersection of wellness, personalized nutrition, and green energy, supported by partnerships and ecosystem-building efforts. This differentiated positioning, if successfully monetized, could support higher-value customer relationships over time.
The central risks are ongoing revenue contraction, deep and widening losses, and persistent negative cash flow. Equity and cash have both been eroding, raising questions about how long the company can fund its ambitions without additional capital and potential dilution. The absence of recorded R&D spending despite an innovation-led story, the complexity of operating in multiple regulated and competitive industries, and capital‑market pressures related to listing compliance all add to the risk profile. In short, business execution and financial sustainability are both under strain.
The outlook depends heavily on whether ATPC can stabilize and then grow its revenue while bringing its cost base closer in line with reality. Successful commercialization of its personalized wellness products, services, medical device pipeline, and energy agreements could gradually transform today’s losses into a more sustainable model. However, until there is evidence of revenue traction and improving cash generation, the balance of observable trends is negative. The company appears to be in a race between strategic ambition and financial runway, and future developments in both operating performance and capital-raising efforts will be critical to watch.

CEO
Kok Choong How
Compensation Summary
(Year )
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-02-10 | Reverse | 1:50 |
| 2024-08-30 | Reverse | 1:20 |
Ratings Snapshot
Rating : C

