Society Pass Incorporated announced its financial results for the second quarter ended June 30, 2025, reporting a net income of $552,384. This marks a substantial turnaround from a net loss of $1.94 million recorded in the same period of 2024, indicating a significant improvement in the company's financial performance. Total revenue for Q2 2025 increased by 46.2% to $2.50 million, driven by growth in key segments.
The company's gross income more than tripled to $1.41 million in Q2 2025, with the gross margin expanding significantly to 56% from 27% in the prior-year period. This margin expansion is primarily attributed to higher profit margins from the digital marketing business. General and Administrative expenses decreased by 39.5% to $1.49 million, reflecting the effectiveness of the company's cost control plan.
Online Ticketing and Reservations revenue surged by 143.8% to $431,699 in Q2 2025, while Digital Marketing revenue increased by 34.6% to $2.06 million due to new contracts. Despite these operational improvements, the company reported a working capital deficit of $3.91 million and an accumulated deficit of $111.49 million as of June 30, 2025. Net cash provided by financing activities for the first half of 2025 was $6.46 million, primarily from common stock issuance.
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