<div><div></div><div>Alset reported fiscal 2025 revenue of $4.47 million, a steep decline from $21.12 million a year earlier, driven primarily by a sharp drop in property sales; the company posted a net loss of $49.35 million, reflecting a $30.08 million impairment charge, and reported basic and diluted net loss per share of $(2.22). Operating losses widened as operating expenses increased. Financial Highlights <ul><li>Revenue: $4.47 million (down from $21.12 million in 2024, ≈‑79%).</li><li>Gross Margin: $1.25 million (down from $8.33 million in 2024).</li><li>Loss from Operations (Operating Income): $(15.15) million (compared to $(4.12) million in 2024); operating expenses rose about 32%.</li><li>Net Loss (Net Income): $(49.35) million (compared to $(4.17) million in 2024), which includes a $30.08 million impairment charge.</li><li>Net Loss Per Share (Basic and Diluted): $(2.22); weighted average shares outstanding: 21.36 million.</li></ul> Business Highlights <ul><li>Revenue mix shift: Rental business increased as a share of revenue, constituting 52% of 2025 revenue, while property development contributions declined markedly due to fewer lot closings.</li><li>Geographic and brand footprint: Continued multi-country operations across the U.S., Singapore, Hong Kong, Korea, China and Taiwan, with ongoing café/F&amp;B and rental expansions.</li><li>Operational changes: Increased rental portfolio and the cessation of several underperforming café operations during 2024–2025.</li><li>Investments and portfolio activity: Active trading and equity investments raised non-operating volatility and contributed to large impairments that affected the company’s operating focus.</li><li>Recent transaction activity: Closed multiple lot sales in 2024, while 2025 saw materially fewer lot closings impacting top-line performance.</li></ul>Original SEC Filing: Alset Inc. [ AEI ] - 10-K - Mar. 31, 2026<section>Disclaimer<div>This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.</div></section></div></div>

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Alset reported a significant decline in fiscal 2025 revenue, totaling $4.47 million, down from $21.12 million in 2024, primarily due to reduced property sales. The company incurred a net loss of $49.35 million, including a $30.08 million impairment charge, with a basic and diluted net loss per share of $(2.22). Operating losses increased as expenses rose by 32%. The rental business now constitutes 52% of revenue, while property development contributions fell sharply. Alset continues operations across multiple countries, focusing on rental expansions and closing underperforming café operations.

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Alset 2025 10-K: Revenue $4.47M, EPS (Basic) $(2.22)