Financial Analysis

13. COMMITMENTS AND CONTINGENCIES As of December 31, 2025, and December 31, 2024, the Company has no commitments or contingencies involved. JOCOM HOLDINGS CORP. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2025 AND 2024 (Currency expressed in United States Dollars (US$), except for number of shares) …

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The table below shows the revenue disaggregation by type of services for the year ended December 31, 2025 and 2024: SCHEDULE OF REVENUE DISAGGREGATION BY TYPE OF SERVICES Revenue disaggregation by type of services As of December 31, 2025 (Audited) As of December 31, 2024 (Audited) Subscription fee (over time) - 24,000 Revenue - 24,000

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11. INCOME TAXES For the year ended December 31, 2025, the local (United States) and foreign components of loss before income taxes were comprised of the following: SCHEDULE OF FOREIGN COMPONENTS OF LOSS BEFORE INCOME TAXES For the year ended December 31, 2025 For the year ended December 31, 2024 Tax jurisdictions from: Local $ (697,641 ) (30,441 ) Foreign, representing - Labuan $ (140,889 ) 101,427 ) - Malaysia (other than Labuan) $ (1,312 ) $ (2,467 (Loss)/Profit before income tax $ (839,842 ) 68,519 ) The provision for income taxes consisted of the following: SCHEDULE OF PROVISION INCOME TAXES For the year ended December 31, 2025 For the year ended December 31, 2024 Current: - Local $ - $ - -Foreign - - Income tax expense $ - $ - The effective tax rate in the years presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The Company has subsidiaries that operate in various countries: United States and Malaysia that are subject to taxes in the jurisdictions in which they operate, as follows: United States of America The Company is registered in the State of Nevada and is subject to the tax laws of the United States of America. As of December 31, 2025, the operations in the United States of America incurred $ 1,293,835 of cumulative net operating losses which can be carried forward to offset future taxable income. The net operating loss carry forwards begin to expire in 2041, if unutilized. Labuan Under th …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, considers the applicability and impact of all accounting standards updates (ASUs). Management periodically reviews new accounting standards that are issued. Accounting Standards Adopted in 2025 Accounting Standards Update 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures: In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The new standard was issued to improve transparency and decision usefulness of income tax disclosures by providing information that helps investors better understand how an entitys operations, tax risks, tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this update primarily relate to requiring greater disaggregated disclosure of information in the rate reconciliation, income taxes paid, income (loss) from continuing operations before income tax expense (benefit), and income tax expense (benefit) from continuing operations. The ASU is effective for fiscal years beginning after December 15, 2024, and early adoption is permitted. The standard can be applied prospectively or retrospectively. The Company adopted this ASU prospectively in the fourth quarter of 2025, and the required disclosures are included in Note 12, Income Taxes. Accounting Standards not yet Adopted Accounting Standards Update 2024-03, Income …

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12. RELATED PARTY TRANSACTIONS SCHEDULE OF RELATED PARTY TRANSACTIONS As of December 31, 2025 As of December 31, 2024 Jocom MShopping Sdn. Bhd. 1 - Revenue $ - $ 6,000 Joshua Sew 2 - Director Allowance $ 3,531 $ - Agnes Chua 2 - Director Allowance $ 699 $ - Loke Weng Chan 3 - Director Allowance $ 2,954 $ - Loke Yu 4 - Salary $ 55,510 $ - - Consulting Fee $ 72,630 $ - 128,140 - Khoo Ghi Geok 5 - Accounting Fee $ 17,225 $ 10,500 1 Mr. Joshua and Ms. Agnes, the Company Chief Executive Officer and Chief Financial Officer, are the directors of Jocom MShopping Sdn. Bhd. Mr. Joshua and Ms. Agnes resigned from all positions in the Company on August 22, 2025. 2 Mr. Joshua Sew and Ms Agnes Chua are the Company directors. Mr. Joshua and Ms. Agnes resigned from all positions in the Company on August 22, 2025. 3 Mr. Loke Weng Chan was appointed as the Company director on August 22, 2025. 4 Mr Loke Yu was appointed on March 1, 2025 as a consultant where he will be leading the Companys long term acquisition strategies. Thereafter, Mr Loke Yu was appointed as Chief Executive Officer and Chief Financial Officer of the Company on August 22, 2025. 5 Ms. Khoo Ghi Geok purchased a total of 10,000 shares of common stock in the Initial Public Offering at a price of $ 1.00 per share on August 20, 2023. …

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10. REVENUE FROM CONTRACTS WITH CUSTOMERS The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers, by applying the five-step model to all contracts with customers: (i) identification of the contract, (ii) identification of performance obligations, (iii) determination of the transaction price, (iv) allocation of the transaction price to the performance obligations, and (v) recognition of revenue when, or as, the Company satisfies a performance obligation. The Companys revenue is derived from the a service fee paid by a client to carry out data analytic services in the Southeast Asia online grocery market. Each contract specifies the services to be delivered, the total consideration, and the applicable payment terms. Performance obligations generally consist of providing access to features, functionalities and content associated with Jocom AI Platform. The Company evaluates whether such services are distinct and accounts for them as separate performance obligations if appropriate. The transaction price is determined based on the consideration specified in the contract, which may include fixed amounts. Revenue is recognized when control of the promised goods or services is transferred to the customer. Revenue from subscription fee is typically recognized over time on a straight-line basis over the service period. The Companys payment terms vary by contract but generally require payment within a specified period following invoicing. Disagg …

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15. SEGMENT INFORMATION ASC 280, Segment Reporting establishes standards for reporting information about operating segments on a basis consistent with the Companys internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the Segment Reporting Topic of the ASC, the Companys chief operating decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material operating units qualify for aggregation under Segment Reporting due to their similar customer base and similarities in economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes. The Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Companys reportable segments is shown as below: SCHEDULE OF SEGMENT INFORMATION By Business Unit: Investment Holding Software Solution Total For the year ended December 31, 2025 Investment Holding Softwar …

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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. Basis of presentation The consolidated financial statements for Jocom Holdings Corp. and its subsidiaries for the year ended December 31, 2025 is prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) and include the accounts of Jocom Holdings Corp. and its wholly owned subsidiaries, Jocom Holdings Corp. Intercompany accounts and transactions have been eliminated on consolidation. The Company has adopted December 31 as its fiscal year end. Basis of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries in which the Company is the primary beneficiary. All inter-company accounts and transactions have been eliminated upon consolidation. Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, as of December 31, 2025, the Company incurred net loss of $ 839,842 for the year and suffered an accumulated losses of $ 1,488,688 . The company has a capital deficiency of $ 106,240 and has incurre …

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3. COMMON STOCK On January 8, 2021, the Company issued 100,000 shares of restricted common stock, with a par value of $ 0.0001 per share, to Ms. Agnes in consideration of $ 10 . The $ 10 in proceeds went to the Company to be used as working capital. Ms. Agnes serves as our Chief Financial Officer, President, Secretary, Treasurer and as member of our Board of Directors. On May 1,2021 the Company issued 18,900,000 shares of restricted common stock, with a par value of $ 0.0001 per share, to Ms. Agnes in consideration of $ 1,890 . The $ 1,890 in proceeds went to the Company to be used as working capital. On May 1, 2021 the Company issued 19,000,000 shares of restricted common stock to Mr. Joshua with a par value of $ 0.0001 per share, in consideration of $ 1,900 . The $ 1,900 in proceeds went to the Company to be used as working capital. On June 1, 2021 the Company issued 8,500,000 shares of restricted common stock to SEATech Ventures Corp. with a par value of $ 0.0001 per share, in consideration of $ 850 . The $ 850 in proceeds went to the Company to be used as working capital. On June 1, 2021 the Company issued 5,500,000 shares of restricted common stock to JTalent Sdn. Bhd with a par value of $ 0.0001 per share, in consideration of $ 550 . The $ 550 in proceeds went to the Company to be used as working capital. On June 1, 2021 the Company issued 1,500,000 shares of restricted common stock to GreenPro Venture Capital Limited with a par value of $ 0.0001 per share, in considera …

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16. SUBSEQUENT EVENTS In accordance with ASC Topic 855, Subsequent Events, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after December 31, 2025 up through the date the Company issued the audited consolidated financial statements. During this period, there was no subsequent event that required recognition or disclosure. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing