DailySpaceBursa Malaysia companies, read from their annual reports从年报读懂大马上市公司

XOX Networks Berhad

0140 · ACE Market创业板(ACE Market) · annual reports 2023 to 2025, 982 entries read2023 至 2025 年报,共读出 982 条

Revenue, 20252025 年营业额RM16.3m1.63千万令吉up 83.0% from比 2024 年增加 83.0%,当年为 RM8.90m890万令吉 in 2024
Loss after tax, 20252025 年税后亏损–RM12.8m–1.28千万令吉up 67.7% from比 2024 年增加 67.7%,当年为 –RM7.64m–764万令吉 in 2024
Cash and bank balances, 20252025 年现金与银行结余RM2.33m233万令吉down 61.2% from比 2024 年减少 61.2%,当年为 RM6.00m600万令吉 in 2024
Total equity, 20252025 年总权益RM30.0m3.00千万令吉down 29.9% from比 2024 年减少 29.9%,当年为 RM42.8m4.28千万令吉 in 2024

The company这家公司

XOX Networks provides event management, ticketing solutions and digital and media consultancy services. Its financial solutions business includes money lending through PC3 Technology. The group operates predominantly in Malaysia.XOX Networks 提供活动管理、票务方案,以及数码与媒体咨询服务。金融方案业务包括通过 PC3 Technology 经营放贷。集团主要在马来西亚经营。

Source: annual report 2025, pages 128, 150, 156.出处:2025 年年报第 128、150、156 页。

For the period ended December 2025, event management revenue was RM6.8 million, digital and media revenue RM5.2 million, financial solutions revenue RM3.8 million and miscellaneous income RM469,947. Eight major customers in event management contributed RM8.9 million, or 54% of group revenue.截至 2025 年 12 月的期间,活动管理营业额为 RM6.8 million,数码与媒体为 RM5.2 million,金融方案为 RM3.8 million,杂项收入为 RM469,947。活动管理业务的八名主要客户贡献 RM8.9 million,占集团营业额 54%。

Source: annual report 2025, pages 49, 156.出处:2025 年年报第 49、156 页。

The group changed its financial year end from 30 June to 31 December. The 2025 financial statements cover 18 months from 1 July 2024 to 31 December 2025, while the preceding report covers the year ended 30 June 2024.集团把财政年结日由 6 月 30 日改为 12 月 31 日。2025 年财务报表涵盖 2024 年 7 月 1 日至 2025 年 12 月 31 日的 18 个月,前一份年报则涵盖截至 2024 年 6 月 30 日的一年。

Source: annual report 2024, page 61; annual report 2025, pages 81, 89.出处:2024 年年报第 61 页;2025 年年报第 81、89 页。

The 2025 holders list shows Apex Nominees (Asing) Sdn. Bhd. Pledged Securities Account for XOX (Hong Kong) Limited (STA 1) with 171,000,000 shares, or 15.06%, and Key Alliance Group Berhad with 140,451,200 shares, or 12.37%. Alliancegroup Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Lim Pak Hong (7001583) holds 80,000,000 shares, or 7.04%.2025 年股东名单列出,Apex Nominees (Asing) Sdn. Bhd. Pledged Securities Account for XOX (Hong Kong) Limited (STA 1) 持有 171,000,000 股,占 15.06%;Key Alliance Group Berhad 持有 140,451,200 股,占 12.37%。Alliancegroup Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Lim Pak Hong (7001583) 持有 80,000,000 股,占 7.04%。

Source: annual report 2025, page 165.出处:2025 年年报第 165 页。

Lee Kien Fatt was redesignated from Independent Non-Executive Director to Non-Independent Non-Executive Director on 3 November 2023. Koo Kien Keat resigned on 8 February 2024. The 2025 report states that none of the directors has a family relationship with another director or major shareholder, and that directors in office at period end held no interest in the company's shares or those of its related corporation.Lee Kien Fatt 于 2023 年 11 月 3 日由独立非执行董事转任非独立非执行董事。Koo Kien Keat 于 2024 年 2 月 8 日辞任。2025 年报说明,董事与其他董事或主要股东之间没有亲属关系,期末在任董事也没有持有公司或其关联公司的股份权益。

Source: annual report 2024, pages 16, 25; annual report 2025, pages 16, 83.出处:2024 年年报第 16、25 页;2025 年年报第 16、83 页。

Revenue composition, 18 months ended December 2025截至 2025 年 12 月的 18 个月营业额组成

Event management: 41.6%Digital and media: 32.1%Financial solutions: 23.4%Miscellaneous income: 2.9%Retail and distribution management: 0.0%
Event management 41.6%活动管理 41.6%Digital and media 32.1%数码与媒体 32.1%Financial solutions 23.4%金融方案 23.4%Miscellaneous income 2.9%杂项收入 2.9%Retail and distribution management 0.0%零售与分销管理 0.0%

Source: annual report 2025, page 49.出处:2025 年年报第 49 页。

Major events大事记

2021The first private placement completed on 1 March, raising RM27.0 million.首次私下配股于 3 月 1 日完成,筹得 RM27.0 million。

Source: annual report 2023, page 49.出处:2023 年年报第 49 页。

2021The second private placement completed on 29 December, raising RM5.3 million.第二次私下配股于 12 月 29 日完成,筹得 RM5.3 million。

Source: annual report 2023, page 49.出处:2023 年年报第 49 页。

2022On 1 July, the company sold its 51% interest in Level Up Plus Sdn. Bhd. for RM1,000.7 月 1 日,公司以 RM1,000 出售 Level Up Plus Sdn. Bhd. 的 51% 股权。

Source: annual report 2023, page 121.出处:2023 年年报第 121 页。

2022On 2 September, the company sold its entire interest in Macpie Distribution Sdn. Bhd. for RM100,000.9 月 2 日,公司以 RM100,000 出售 Macpie Distribution Sdn. Bhd. 的全部股权。

Source: annual report 2023, page 122.出处:2023 年年报第 122 页。

2023Lee Kien Fatt became a Non-Independent Non-Executive Director on 3 November.Lee Kien Fatt 于 11 月 3 日转任非独立非执行董事。

Source: annual report 2024, page 16.出处:2024 年年报第 16 页。

2024Koo Kien Keat resigned on 8 February.Koo Kien Keat 于 2 月 8 日辞任。

Source: annual report 2024, page 25.出处:2024 年年报第 25 页。

2024Warrants B expired on 11 March; 431,976,832 unexercised warrants lapsed.Warrants B 于 3 月 11 日到期;431,976,832 份未行使凭单失效。

Source: annual report 2024, page 121.出处:2024 年年报第 121 页。

2024Nihon Matsuri ran from 25 July to 4 August.Nihon Matsuri 于 7 月 25 日至 8 月 4 日举行。

Source: annual report 2024, page 18.出处:2024 年年报第 18 页。

2025The share capital reduction took effect on 15 April after shareholder approval on 17 February.减资于 2 月 17 日获股东批准后,在 4 月 15 日生效。

Source: annual report 2025, page 20.出处:2025 年年报第 20 页。

2025Variations and extensions for placement proceeds were announced on 29 August and 22 December.公司于 8 月 29 日及 12 月 22 日宣布更改配股所得款项用途及延长使用期限。

Source: annual report 2025, pages 20, 21.出处:2025 年年报第 20、21 页。

2025The group managed more than 25 events during the calendar year.集团在该历年管理了超过 25 场活动。

Source: annual report 2025, page 18.出处:2025 年年报第 18 页。

Revenue and loss; 2025 covers 18 months营业额与亏损;2025 年涵盖 18 个月

Revenue营业额
2022
RM33.6m3.36千万令吉
2023
RM27.7m2.77千万令吉
2024
RM8.90m890万令吉
2025
RM16.3m1.63千万令吉
Loss before tax税前亏损
2022
–RM5.49m–549万令吉
2023
–RM12.2m–1.22千万令吉
2024
–RM7.50m–750万令吉
2025
–RM12.2m–1.22千万令吉
Loss after tax税后亏损
2022
–RM5.72m–572万令吉
2023
–RM12.3m–1.23千万令吉
2024
–RM7.64m–764万令吉
2025
–RM12.8m–1.28千万令吉

Assets, equity and cash at each period end各期末的资产、权益与现金

Total assets总资产
2022
RM71.9m7.19千万令吉
2023
RM54.4m5.44千万令吉
2024
RM54.3m5.43千万令吉
2025
RM32.3m3.23千万令吉
Total equity总权益
2022
RM61.9m6.19千万令吉
2023
RM50.4m5.04千万令吉
2024
RM42.8m4.28千万令吉
2025
RM30.0m3.00千万令吉
Cash and bank balances现金与银行结余
2022
RM20.5m2.05千万令吉
2023
RM13.7m1.37千万令吉
2024
RM6.00m600万令吉
2025
RM2.33m233万令吉
Fixed deposits with licensed banks持牌银行定期存款
2022
RM10.4m1.04千万令吉
2023
RM12.3m1.23千万令吉
2024
RM9.55m955万令吉
2025
RM0.11m11万令吉

20232023 年

The group spent RM852,747 on property, plant and equipment. It received RM1.9 million from equipment and other property, plant and equipment disposals, and RM356,244 from assets held for sale. Subsidiary disposals recorded a net cash outflow of RM1.1 million. Lease repayments were RM206,805. The review says cash and deposits fell to RM26.0 million from RM30.9 million and identifies event equipment spending as a use of placement proceeds.集团购置物业、厂房与设备支出 RM852,747。出售设备及其他物业、厂房与设备所得为 RM1.9 million,出售待售资产所得为 RM356,244。出售子公司录得现金净流出 RM1.1 million。租赁还款为 RM206,805。业务回顾表示,现金与存款由 RM30.9 million 降至 RM26.0 million,并列出活动设备采购为配股所得款项的用途。

Source: annual report 2023, pages 23, 81.出处:2023 年年报第 23、81 页。

20242024 年

The group spent RM6.6 million buying quoted shares and repaid RM215,869 of lease liabilities. No cash purchase of property, plant and equipment was recorded. Cash and bank balances ended at RM6.0 million, with fixed deposits of RM9.5 million. The review lists funding of the money lending business among the uses of cash. Trade receivable impairment losses of RM4.3 million were recognised, with RM350,366 reversed.集团购买上市股票支出 RM6.6 million,并偿还租赁负债 RM215,869。当年没有录得以现金购置物业、厂房与设备。年末现金与银行结余为 RM6.0 million,定期存款为 RM9.5 million。业务回顾列出放贷业务融资为现金用途之一。集团确认贸易应收款减值损失 RM4.3 million,并回拨 RM350,366。

Source: annual report 2024, pages 20, 77, 116.出处:2024 年年报第 20、77、116 页。

2025: 18 months2025 年:18 个月

The group spent RM2.5 million on property, plant and equipment and RM3.1 million acquiring other investments. It repaid RM490,913 of lease liabilities and received net advances of RM12,806 from a related party. Cash and bank balances ended at RM2.3 million and fixed deposits at RM108,543. The review says funds were used for money lending and operating expenses. On 15 April 2025, issued share capital was reduced from RM87.8 million to RM40.7 million by offsetting RM47.1 million of accumulated losses.集团购置物业、厂房与设备支出 RM2.5 million,购入其他投资支出 RM3.1 million。集团偿还租赁负债 RM490,913,并收到关联方垫款净额 RM12,806。期末现金与银行结余为 RM2.3 million,定期存款为 RM108,543。业务回顾表示,资金用于放贷及营运开支。2025 年 4 月 15 日,公司以抵销累计亏损 RM47.1 million 的方式,把已发行股本由 RM87.8 million 减至 RM40.7 million。

Source: annual report 2025, pages 20, 104, 135.出处:2025 年年报第 20、104、135 页。

Across the years历年合看

No shares were issued and no dividends were paid or declared in these reporting periods. During the latest period, the company subscribed for additional shares in its subsidiaries by capitalising amounts those subsidiaries owed it. In the company's own accounts, it recognised RM63.6 million of impairment losses on subsidiary investments and reversed RM52.5 million of impairment losses on amounts due from subsidiaries.这些报告期间没有发行股份,也没有派付或宣布股息。最新期间,公司把子公司欠款资本化,以认购这些子公司的新增股份。在公司本身的账目中,公司确认子公司投资减值损失 RM63.6 million,并回拨子公司欠款减值损失 RM52.5 million。

Source: annual report 2023, page 58; annual report 2024, page 54; annual report 2025, pages 82, 127, 134.出处:2023 年年报第 58 页;2024 年年报第 54 页;2025 年年报第 82、127、134 页。

Still to be spent尚待支出

The latest proceeds table shows the first placement's RM27.0 million fully utilised. The second placement has RM1.8 million remaining: RM1.5 million for the digital media platform and RM300,000 for working capital. Variations and extensions of the utilisation period were announced on 29 August 2025 and 22 December 2025.最新所得款项表显示,首次配股所得 RM27.0 million 已全数使用。第二次配股尚余 RM1.8 million,其中 RM1.5 million 用于数码媒体平台,RM300,000 用于营运资金。公司分别于 2025 年 8 月 29 日及 12 月 22 日宣布更改用途及延长使用期限。

Source: annual report 2025, pages 20, 21, 46.出处:2025 年年报第 20、21、46 页。

Four years of figures四年数字

Group figures, in RM, as printed in the statements.集团数字,单位令吉,照财务报表所印。

Group集团2022202320242025
RM令吉RM令吉RM令吉RM令吉
Revenue营业额33,550,40227,739,7718,902,27216,291,331
Loss before tax税前亏损(5,491,121)(12,174,380)(7,504,551)(12,238,812)
Loss after tax税后亏损(5,717,421)(12,327,139)(7,643,053)(12,815,185)
Net cash from/(used in) investing activities投资活动所得/所用现金净额(9,379,772)315,954(6,602,729)(5,599,775)
Net cash from/(used in) financing activities融资活动所得/所用现金净额4,846,095(206,805)(215,869)(478,107)
Purchase of property, plant and equipment购置物业、厂房与设备(9,417,152)(852,747)0(2,482,329)
Total assets总资产71,937,24454,416,46754,327,70632,299,531
Lease liabilities租赁负债697,641163,304348,156646,768
Cash and bank balances现金与银行结余20,500,42913,711,0345,996,0342,325,583
Fixed deposits with licensed banks持牌银行定期存款10,358,90012,298,2709,548,712108,543
Total equity总权益61,871,02650,435,57342,792,52029,977,335

On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上,可看到它印在哪份年报的哪一页。

Said and done说过的与做到的

What the reports said年报说要做的What later reports show之后年报显示的Status状态
In 2023, the group planned to redirect its focus to physical events and continue expanding event management.2023 年,集团计划把重点转向实体活动,并继续扩展活动管理业务。The next report records KAMU 2023, Mark Tuan's January 2024 concert and Nihon Matsuri in July and August 2024.下一份年报记录了 KAMU 2023、Mark Tuan 于 2024 年 1 月举行的演唱会,以及 2024 年 7 月至 8 月的 Nihon Matsuri。

Source: annual report 2023, pages 25, 53; annual report 2024, page 18.出处:2023 年年报第 25、53 页;2024 年年报第 18 页。

Physical events held已举办实体活动
The 2023 report said placement proceeds were intended to develop a digital media platform for event management.2023 年报表示,配股所得款项拟用于开发活动管理业务的数码媒体平台。The proceeds tables show RM1.3 million utilised for the platform in the 2024 report and RM2.5 million in the 2025 report. The latest table still shows RM1.5 million unused for this purpose.所得款项表显示,2024 年报的平台已用款项为 RM1.3 million,2025 年报为 RM2.5 million。最新表格仍列有 RM1.5 million 尚未用于此用途。

Source: annual report 2023, page 23; annual report 2024, page 45; annual report 2025, page 46.出处:2023 年年报第 23 页;2024 年年报第 45 页;2025 年年报第 46 页。

Spending recorded; balance remains已记录支出;仍有余额
In 2024, the group intended to organise more events so that it would eventually own the intellectual property of event concepts, brands and content.2024 年,集团计划举办更多活动,最终拥有活动概念、品牌及内容的知识产权。The 2025 report records more than 25 events and repeats the aim of owning and monetising event intellectual property. It does not identify intellectual property acquired under this plan.2025 年报记录了超过 25 场活动,并再次提出拥有活动知识产权及将其变现的目标。年报没有列明此计划下已取得的知识产权。

Source: annual report 2024, page 22; annual report 2025, pages 18, 23.出处:2024 年年报第 22 页;2025 年年报第 18、23 页。

Events held; ownership not confirmed已举办活动;未确认取得产权
In 2024, the group said it would continue expanding digital and media management and financial solutions.2024 年,集团表示将继续扩展数码与媒体管理及金融方案业务。The latest report prints digital and media revenue of RM5.2 million against RM2.2 million, and financial solutions revenue of RM3.8 million against RM1.5 million. The latest reporting period covers 18 months, compared with the preceding year's 12 months.最新年报列出数码与媒体营业额为 RM5.2 million,对比数为 RM2.2 million;金融方案营业额为 RM3.8 million,对比数为 RM1.5 million。最新报告期间涵盖 18 个月,前一年度则为 12 个月。

Source: annual report 2024, pages 22, 61; annual report 2025, pages 49, 81.出处:2024 年年报第 22、61 页;2025 年年报第 49、81 页。

Higher revenue over a longer period较长期间录得较高营业额
In 2024, the board said it would evaluate candidates and consider appointing a female director.2024 年,董事会表示将评估候选人,并考虑委任女性董事。The 2025 report says the board is still seeking potential women directors and intends to appoint additional women directors when suitable candidates are identified.2025 年报表示,董事会仍在寻找潜在女性董事,并计划在找到合适人选后增聘女性董事。

Source: annual report 2024, page 28; annual report 2025, page 70.出处:2024 年年报第 28 页;2025 年年报第 70 页。

Search continues继续寻找人选

What the reports leave open年报留下待看的事

  • Recovery of lending balances remains open. The latest report lists secured loan receivables of RM6.6 million and unsecured loan receivables of RM8.7 million. Individually impaired trade receivables were RM6.1 million, relating to customers in financial difficulty, payment default or billing disputes.贷款余额的收回仍待观察。最新年报列出有抵押应收贷款 RM6.6 million,以及无抵押应收贷款 RM8.7 million。个别评估已减值的贸易应收款为 RM6.1 million,涉及财务困难、拖欠付款或账单争议的客户。

    Source: annual report 2025, pages 130, 132.出处:2025 年年报第 130、132 页。

  • The second placement still has RM1.8 million unused, including RM1.5 million allocated to the digital media platform and RM300,000 to working capital.第二次配股尚有 RM1.8 million 未使用,其中 RM1.5 million 分配给数码媒体平台,RM300,000 分配给营运资金。

    Source: annual report 2025, page 46.出处:2025 年年报第 46 页。

  • The latest report retains the aim of owning and monetising event concepts, branding and content. It leaves the resulting intellectual property and income to be demonstrated in later reports.最新年报仍以拥有活动概念、品牌及内容并将其变现为目标。由此取得的知识产权及收入,仍待后续年报说明。

    Source: annual report 2025, page 23.出处:2025 年年报第 23 页。

  • For unquoted equity investments, the report says fair value could not be reliably measured because comparable quoted prices in an active market were unavailable.对于非上市股权投资,年报表示,由于活跃市场缺乏可比较报价,无法可靠计量其公允价值。

    Source: annual report 2025, page 164.出处:2025 年年报第 164 页。

Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-28.内容为公司年报所印的事实,并注明页码;不评级,不构成投资建议。生成日期 2026-10-28。