Winvest Group Ltd.

What they do

Winvest Group Ltd. was incorporated in Nevada in 2009 and, after a long dormant period and a 2021 change of control, now operates through wholly owned subsidiaries The Catalyst Group Entertainment ("TCG") and IQI Media, Inc. ("IQI"), acquired under a May 16, 2022 share exchange agreement. Its historical businesses, including a biodegradable plastics unit (WSPVA), were discontinued or revoked, and the company reports minimal operations, no significant assets, and a continuing need for financing. The filings classify it under Services-Motion Picture & Video Tape Production, with IQI generating project-based service revenue.

Revenue drivers

• IQI Media services — Revenue is attributed to services delivered by IQI; for the three months ended September 30, 2025, revenue of $5,250 was tied to contracts with BioCalth International Inc and Roundtable of Chinese against cost of revenue of $7,312.
• Total company revenue — Full-year 2025 revenue was $78,426 versus $77,340 in 2024; revenue for the nine months ended September 30, 2025, fell 78% to $16,750 from $77,340 a year earlier.
• Fourth-quarter revenue concentration — Quarterly revenue was $0 in Q1 2025, $11,500 in Q2, $5,250 in Q3, and $61,676 in Q4, leaving essentially all 2025 revenue in the second half and most of it in the final quarter.

Recent performance

For the three months ended September 30, 2025, revenue was $5,250, cost of revenue was $7,312, producing a gross loss of $2,062. Operating expenses rose 96% to $298,085, driven by $53,151 of advertising expense, a $58,846 loss on issuance of promissory notes, and $50,440 of bad debt expense. The quarter's net loss was $305,445, down from $358,081 a year earlier, mainly because other expenses fell to $5,298 from $204,944. For the nine months ended September 30, 2025, revenue fell to $16,750 from $77,340. Full-year 2025 results showed $78,426 of revenue and a $15,044,666 net loss.

Strategy

Management's stated plan is to operate through TCG and IQI following the May 2022 share exchange, but the filings disclose no detailed capital or investment program. The 10-Q states the company will in all likelihood sustain operating expenses without corresponding revenues for the immediate future. The company has been active on the corporate side since the last 10-K, reporting two director or officer changes (July 31, 2025 and January 30, 2026) and a change of accountants (March 13, 2025). A prior 8-K (May 9, 2024) disclosed that previously issued financials were not reliable. No new products, acquisitions, or financing commitments are described in the excerpts provided.

Risks

• Going concern — The 10-Q states the financial statements are prepared assuming the company will continue as a going concern, and that it has a minimal operating history, no significant assets or financial resources, and will likely sustain operating expenses without matching revenue.
• Severe losses on tiny revenue base — Full-year 2025 revenue of $78,426 accompanied a net loss of $15,044,666, and latest balance sheet equity was negative $1.6 million against $1.8 million of liabilities.
• Cash burn vs. cash on hand — Operating cash flow was negative $551,290 in 2025 and $351,109 in 2024, while cash and equivalents at December 31, 2025, were only $44,072.
• Reporting and control history — The company changed accountants in March 2025, after a May 2024 8-K stated that previously issued financials were not reliable, and it reported director or officer changes in July 2025 and January 2026.

Outlook

Management does not provide numeric guidance in the excerpts. The filings state that the company will in all likelihood sustain operating expenses without corresponding revenues for the immediate future, that it can make no assurances it will generate sufficient revenue to continue operations, and that it may need financing it cannot guarantee. The disclosed risk factors also note that even with sufficient financing there is no assurance the business can be operated profitably.