JOCOM HOLDINGS CORP.

What they do

Jocom Holdings Corp. operates through its wholly owned Labuan, Malaysia subsidiary, Jocom Holdings Corp., providing data analytic services covering customer buying patterns and predictive customer analysis for grocery items. Services are delivered via an in-house subscription-based web software platform, 'JOCOM AI Smart Platform,' developed by founder/CEO Mr. Sew. The company states its sole client at this time is a related-party e-commerce platform operator in Malaysia. A second Malaysian subsidiary, JHC Digital Sdn. Bhd., formed June 2024 for e-commerce, trading and logistics activities, was struck off on August 4, 2025.

Revenue drivers

• JOCOM AI Smart Platform subscription — Subscription-based web software that analyzes grocery customer buying and predictive behavior and optimizes product placement; historically the only reported revenue source.
• Single related-party client — The 10-K states the sole client is an e-commerce platform operator in Malaysia and a related party of the issuer, suggesting revenue is highly concentrated in one relationship.
• Planned Logistic Predictive Algorithm — A stated future software expansion into fleet availability, incoming orders and traffic-based route prediction for grocery retailers; not yet a revenue-generating product.
• Planned Southeast Asia expansion — Management states intent to add customers and geographies in Southeast Asia, but no additional customers are identified as of the filings.

Recent performance

For the nine months ended September 30, 2025, the company reported revenue of $Nil versus $18,000 in the prior-year period, with no cost of revenue and gross profit of $Nil. General and administrative expenses rose to $213,914 from $80,165. The net loss was $126,819 versus net profit of $37,218 for the nine months ended September 30, 2024. Other income of $87,095 came from liability waivers, foreign currency variations and reversal of doubtful debts. Cash used in operating activities was $479,644 versus $10,493 generated in the prior-year period.

Strategy

Management states it plans to expand the JOCOM AI Smart Platform into logistics through a Logistic Predictive Algorithm that factors fleet availability, incoming orders and traffic conditions into routing. It intends to extend services to additional customers and to other Southeast Asian markets, and describes a focus on long-term acquisition strategies as the driver of higher operating expenses. The company also pursued and completed the strike-off of JHC Digital Sdn. Bhd. on August 4, 2025. It depends on financing activity to fund working capital, having raised $800,000 in financing during the first nine months of 2025.

Risks

• Single related-party customer — The 10-K states the company's sole client is a related party, so any change in that relationship could eliminate essentially all revenue.
• No revenue and recurring losses — Revenue was $Nil for the nine months ended September 30, 2025, and the company reported a net loss of $126,819 with operating cash outflow of $479,644.
• Negative shareholder equity — At December 31, 2025, total liabilities of $122,080 exceeded total assets of $15,840, leaving shareholder equity of negative $106,240.
• Dependence on external financing — The company states it depends substantially on financing activities for liquidity and raised $800,000 in financing during the first nine months of 2025, indicating working capital is not covered by operations.

Outlook

Management says it expects increased levels of operations going forward to result in more significant cash flow, and identifies acquisition-focused long-term strategies as the reason for higher operating expenses. It plans to launch a logistic prediction algorithm and expand its data analytics services to new customers and Southeast Asian markets. The filings note no assurance that this expansion will occur and describe continued reliance on financing to meet working capital needs.