- VS MEDIA Holdings Limited reported a **net loss of $4,444,519** for the six months ended June 30, 2025, representing a **33.13% increase** compared to the $3,338,473 net loss in the comparable period of 2024.  **[1951294_0001493152-25-020378_form6-k.htm:0]** **[1951294_0001493152-25-020378_form6-k.htm:4]** 
- Total revenues decreased by **19.01%** to **$3,259,037** for the six months ended June 30, 2025, primarily due to reduced revenue from Optimization-Based Marketing Services, Marketing Services from Social Media Platforms, and the absence of Social Commerce revenue.  **[1951294_0001493152-25-020378_form6-k.htm:0]** **[1951294_0001493152-25-020378_form6-k.htm:1]** 
- Gross profit increased by **44.34%** to **$884,220** for the six months ended June 30, 2025, with the overall gross margin improving from 15.22% in the first half of 2024 to **27.13%**, mainly due to the absence of a gross loss margin from the Social Commerce business.  **[1951294_0001493152-25-020378_form6-k.htm:3]** 
- The company's liquidity significantly improved, with working capital at **$3,722,952** and a current ratio of **1.69** as of June 30, 2025, compared to a working deficit of $933,247 and a current ratio of 0.84 as of December 31, 2024.  **[1951294_0001493152-25-020378_form6-k.htm:4]** 
- VS MEDIA acquired a **21% equity interest in S T Meng Pte. Ltd.** in January 2025 and subsequently entered into a Convertible Note Purchase Agreement with S T Meng for a principal amount of **$3,800,000** in August 2025.  **[1951294_0001493152-25-020378_form6-k.htm:4]** **[1951294_0001493152-25-020378_form6-k.htm:5]** **[1951294_0001493152-25-020378_form6-k.htm:33]**

VS MEDIA Holdings (VSME)