Agape ATP Corporation

What they do

The company sells health and wellness products — supplements for cell metabolism, detoxification, blood circulation and anti-aging — plus skin care and healthcare products, primarily through its Malaysian network marketing subsidiary Agape Superior Living Sdn. Bhd. It also runs wellness programs and advisory services, and has formed subsidiaries for renewable energy (ATPC Green Energy Sdn. Bhd.) and a China-based digital wellness platform (ATPC Technology Private Limited). Operations are conducted through subsidiaries in Labuan, Hong Kong, Malaysia and China.

Revenue drivers

• Network marketing (Agape Superior Living) — Direct selling of supplements and wellness products in Malaysia; in the quarter ended June 30, 2026 it produced $7,996, about 58.4% of revenue.
• Skin care and healthcare products — Product sales outside the network marketing channel; contributed $5,697, or about 41.6% of revenue, in the June 30, 2026 quarter.
• Green energy — ATPC Green Energy Sdn. Bhd. is the renewable energy arm; the June 30, 2026 quarter generated no revenue from this operation.
• Wellness programs and advisory services — AATP HK and CEDAR provide health solution advisory and wellness lifestyle programs; no separate revenue figure is disclosed in the excerpts.

Recent performance

Annual revenue has stayed in a narrow band of roughly $1.0M to $1.9M from 2021 through 2025, with 2025 at $1.5M, while net losses have run $1.7M to $2.5M each year and were $2.3M in 2025. Operating cash flow has been negative every year shown, at negative $2.4M in 2025. Recent quarterly revenue has been volatile and sharply lower: $370,593 in the September 2025 quarter, $657,603 in December 2025, $273,658 in March 2026, and just $13,693 in the quarter ended June 30, 2026, versus $207,029 a year earlier. At June 30, 2026 the company reported total assets of $25.0M, total liabilities of $3.0M, shareholder equity of $22.1M, and cash of only $45,480.

Strategy

The company describes diversifying into renewable energy through ATPC Green Energy Sdn. Bhd., alongside a China-based digital wellness platform under ATPC Technology Private Limited intended to integrate e-commerce, online consultations and chronic disease management for the ASEAN market. It formed and then decided not to continue developing OIE ATPC Exim (M) Sdn. Bhd., and on June 11, 2026 it disposed of its 60% interest in DSY Wellness International Sdn. Bhd. back to the same independent third party. The 10-K frames the renewable energy move as a commitment to environmental responsibility and long-term value creation. No quantified targets or capital budgets for these initiatives appear in the excerpts.

Risks

• Supplier concentration — In 2025, three suppliers accounted for approximately 55.6%, 20.3% and 11.1% of total purchases, and the company has no long-term supply agreements with them.
• Listing-rule failures and delisting notices — The company disclosed delisting or listing-rule failure events on January 29, 2026, February 5, 2026 and March 12, 2026.
• Cash position versus operating losses — Cash and equivalents were only $45,480 at June 30, 2026 against recurring annual net losses and negative operating cash flow.
• Revenue volatility from new ventures — Quarterly revenue fell to $13,693 in the June 30, 2026 quarter while the green energy segment produced no revenue, leaving results dependent on a small product business.

Outlook

The excerpts do not include forward financial guidance. Management positions the company for growth through renewable energy and a digital wellness platform serving ASEAN, while it exits non-core holdings such as DSY Wellness. Recent disclosures instead center on listing-rule matters and financing-related events, and the June 30, 2026 cash balance of $45,480 indicates the company will need additional capital to fund these plans.