v3.26.1
Trade and other receivables
12 Months Ended
Dec. 31, 2025
Trade and other receivables.  
Trade and other receivables

8.Trade and other receivables

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​

​

​

​

​

​

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As of

​

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​

​

​

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January 1,

​

As of December 31,

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  ​ ​ ​

2024

  ​ ​ ​

2024

  ​ ​ ​

2025

Trade receivables, gross

 

14

 

12

 

7,345

Less: allowance for credit losses (Note 3.1(b)(ii))

 

—

 

—

 

(1,855)

Trade receivables, net

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14

​

12

​

5,490

​

​

​

​

​

​

​

Rebate receivables

​

—

​

—

​

436

Deposits

 

148

 

196

 

1,121

Loans receivables (Note)

​

—

 

—

 

3,858

Interest receivables

​

—

​

11

​

127

Others

​

—

​

—

​

166

Sub-total

​

162

​

219

​

11,198

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​

​

​

​

​

​

Prepaid media costs

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—

​

—

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4,363

Prepayments

​

40

​

137

​

1,458

VAT recoverable

​

—

​

—

​

101

Total trade and other receivables

​

202

​

356

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17,120

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​

​

​

​

​

​

Less: non-current rental deposits

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—

​

—

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(495)

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202

 

356

 

16,625

Note:

8.Trade and other receivables (Continued)

Loan balances of (i) US$1.8 million and (ii) US$2 million were provided to two independent third parties for investment purposes.

(i)Balance is unsecured, interest bearing at 3.5% per annum and has been fully settled in February 2026.

(ii)Balance is unsecured, interest bearing at 10% per annum and has been fully settled in March 2026.

Trade receivables are non-interest bearing and are generally on 30-90 days (2024: 30 days) credit terms.

Trade and other receivables are denominated in the following currencies:

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As of

​

​

​

​

​

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January 1,

​

As of December 31,

​

  ​ ​ ​

2024

  ​ ​ ​

2024

  ​ ​ ​

2025

US$

 

14

 

33

 

3,174

HK$

 

—

 

42

 

4,095

RMB

 

—

 

—

 

3,444

SGD

 

148

 

144

 

261

Great British Pound (“GBP”)

​

—

​

—

​

160

Others

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—

​

—

​

64

​

 

162

 

219

 

11,198

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The carrying amounts of trade and other receivables approximate their fair values. The maximum exposure to credit risk is the carrying amounts of trade and other receivables as the Group does not hold any collateral as security.

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