GINSMS Announces Financial Results for the Three and Twelve Months Ended December 31, 2025 and Provides Financial Forecasts for Year 2026

CALGARY, AB / ACCESS Newswire / February 12, 2026 / GINSMS Inc. (TSXV:GOK) ("GINSMS" or the "Corporation") has announced its financial results for the fourth quarter and twelve months ended December 31, 2025.

The annual audited financial statements of the Corporation for the twelve months ended December 31, 2025 are currently under audit and in the process of preparation. As required under Canadian securities law regulations, the Corporation will be disclosing and filing on SEDAR its annual audited financial statements and the related management's discussion and analysis ("MD&A") within 120 days after the end of its year end of December 31, 2025.

This financial disclosure was done in advance of the filing of the audited financial statements of the Corporation to allow GINSMS' ultimate holding company, Beat Holdings Limited ("BHL"), a public company in Japan, to use certain of GINSMS' financial information in the preparation of BHL's financial statements and announcements.

The Corporation's financial information for the twelve months ended December 31, 2025 is prepared in accordance with IFRS Accounting Standards. All amounts are expressed in Canadian Dollars unless otherwise noted.

Highlights include:

• Revenue of $1,457,990 for the twelve-month period ended December 31, 2025 as compared to revenue of $2,506,107 for the twelve-month period ended December 31, 2024.

• Revenue of $398,913 for the three-month period ended December 31, 2025 as compared to revenue of $459,833 for the three-month period ended December 31, 2024.

• Gross Profit of $537,968 for the twelve-month period ended December 31, 2025 as compared to gross profit of $1,154,956 for the twelve-month period ended December 31, 2024.

• Gross Profit of $167,848 for the three-month period ended December 31, 2025 as compared to gross profit of $194,057 for the three-month period ended December 31, 2024.

• Operating expenses and finance costs of $1,134,061 for the twelve-month period ended December 31, 2025 increased from $1,131,005 for the twelve-month period ended December 31, 2024.

• Operating expenses and finance costs of $247,978 for the three-month period ended December 31, 2025 decreased from $418,574 for the three-month period ended December 31, 2024.

• Net loss of $596,278 for twelve-month period ended December 31, 2025 as compared to a net profit of $21,485 for twelve-month period ended December 31, 2024.

• Net loss of $80,130 for three-month period ended December 31, 2025 as compared to a net loss of $224,541 for three-month period ended December 31, 2024.

Selected Profit and Loss Information

Financial Highlights		Three-month period ended December 31, 2025 (Unaudited)				Three-month period ended December 31, 2024 (Unaudited)				Twelve-month period ended December 31, 2025 (Unaudited)				Twelve-month period ended December 31, 2024 (Audited)
Revenues $
A2P Messaging Service			71,252				92,877				263,721				715,934
Software Products & Services			327,661				366,956				1,194,269				1,790,173
			398,913				459,833				1,457,990				2,506,107
Cost of sales $
A2P Messaging Service			48,457				58,517				198,084				344,322
Software Products & Services			182,608				207,259				721,938				1,006,829
			231,065				265,776				920,022				1,351,151
Gross profit $
A2P Messaging Service			22,795				34,360				65,637				371,612
Software Products & Services			145,053				159,697				472,331				783,344
			167,848				194,057				537,968				1,154,956
Gross margin %
A2P Messaging Service			32.0	%			37.0	%			24.9	%			51.9	%
Software Products & Services			44.3	%			43.5	%			39.5	%			43.8	%
			42.1	%			42.2	%			36.9	%			46.1	%
Adjusted EBITDA (1) $			(61,263	)			(129,990	)			(512,553	)			188,661
Adjusted EBITDA margin			(15.4	)%			(28.3	)%			(35.2	)%			7.5	%
Net (loss)/profit $			(80,130	)			(224,541	)			(596,278	)			21,485
Net (loss)/profit margin			(20.1	)%			(48.8	)%			(40.9	)%			0.9	%
Net (loss)/earnings per share $
Basic and Diluted (in Canadian cents)			(0.042	)			(0.119	)			(0.317	)			0.012

(1) Adjusted EBITDA is a non-IFRS measure which does not have any standardized meaning under IFRS Accounting Standards. Adjusted EBITDA is related to cash earnings and is defined for these purposes as earnings before income taxes, depreciation and amortisation (in both cost of sales and general and administration expenses), interest expenses and also excludes certain non-recurring or non-cash expenditure and income. This non-IFRS measure is not recognised under IFRS Accounting Standards and accordingly, shareholders are cautioned that this measure should not be construed as an alternative to net income determined in accordance with IFRS Accounting Standards. The non-IFRS measure presented is unlikely to be comparable to similar measure presented by other issuers. The Corporation believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Corporation can use to fund working capital requirements, service interest and principal debt repayment and fund future growth initiatives.

Cost of Sales

		Three-month period ended December 31, 2025 (Unaudited)				Three-month period ended December 31, 2024 (Unaudited)				Twelve-month period ended December 31, 2025 (Unaudited)				Twelve-month period ended December 31, 2024 (Audited)
Depreciation - Property, plant and equipment			6,044				11,243				30,447				44,891
Salaries and wages			167,143				186,670				658,533				906,724
Subcontractor costs			49,975				60,257				199,519				367,611
Others			7,903				7,606				31,523				31,925
			231,065				265,776				920,022				1,351,151

Operating Expenses and Finance Costs

		Three-month period ended December 31, 2025 (Unaudited)				Three-month period ended December 31, 2024 (Unaudited)				Twelve-month period ended December 31, 2025 (Unaudited)				Twelve-month period ended December 31, 2024 (Audited)
Salaries and wages			226,513				130,414				432,223				377,658
Directors' fees			10,000				10,000				40,000				40,000
Professional fees			54,693				69,928				287,029				301,269
Foreign currency exchange (gain)/loss			(160,690	)			44,998				(66,515	)			3,913
Other general & administrative expenses			48,452				46,018				231,768				254,414
Allowance for doubtful debts			24,000				33,932				24,000				33,932
Research & development costs			21,595				69,184				121,871				69,184
Depreciation
- Property, plant and equipment			357				265				1,432				778
- Right-of-use assets			11,757				12,273				47,539				46,250
Property, plant and equipment write off			10,592				-				10,592				-
Interest expenses on lease liabilities			709				1,562				4,122				3,607
			247,978				418,574				1,134,061				1,131,005

Selected Balance Sheet Information

The figures reported below are based on the unaudited consolidated financial statements of the Corporation which have been prepared in accordance with IFRS Accounting Standards.

		December 31, 2025 (Unaudited) $				December 31, 2024 (Audited) $
Current Assets
Accounts receivable			578,804				671,730
Deposits and prepayments			39,875				68,360
Current tax assets			-				156
Bank and cash balances			156,385				191,903
			775,064				932,149
Non-Current Assets
Property, plant and equipment			8,481				48,375
Right-of-use assets			31,355				81,912
TOTAL ASSETS			814,900				1,062,436
Current Liabilities
Accounts payable and accrued liabilities			815,278				719,374
Advances from related parties			1,091,163				780,755
Loans from related parties			1,458,077				1,453,662
Promissory note payable			580,000				580,000
Lease liabilities			24,761				49,116
			3,969,279				3,582,907
Non-Current Liabilities
Lease liabilities			-				25,874
TOTAL LIABILITIES			3,969,279				3,608,781
Equity
Share capital			15,148,160				15,148,160
Deficit			(18,484,945	)			(17,891,667	)
Accumulated other comprehensive income			200,274				212,655
Total deficiency attributable to equity shareholders of the Corporation			(3,136,511	)			(2,530,852	)
Non-controlling interests			(17,868	)			(15,493	)
TOTAL DEFICIENCY			(3,154,379	)			(2,546,345	)
TOTAL LIABILITIES & EQUITY			814,900				1,062,436

Total assets of GINSMS including bank and cash balances, accounts receivable, deposits and prepayments, current tax assets, property, plant and equipment and right-of-use assets as at December 31, 2025 amounted to $814,900 compared to $1,062,436 as at December 31, 2024. Bank and cash balances amounted to $156,385 as at December 31, 2025, an decrease of 18.5% compared to $191,903 as at December 31, 2024. The decrease was mainly due to more net cash outflow from operating activities offset with net cash inflow from financing activities during the year.

Selected Liquidity and Capital Resources Information

Financial Highlights		Three-month period ended December 31, 2025 (Unaudited) $				Three-month period ended December 31, 2024 (Unaudited) $				Twelve-month period ended December 31, 2025 (Unaudited) $				Twelve-month period ended December 31, 2024 (Audited) $
Cash, beginning of period/year			62,858				240,595				191,903				239,824
Operating activities
Net (loss)/profit before tax			(80,132	)			(224,517	)			(596,093	)			23,951
Interest expenses			709				1,562				4,122				3,607
Foreign currency exchange (gain)/loss			(184,490	)			44,998				(90,315	)			3,913
Allowance for doubtful debts			24,000				33,932				24,000				33,932
Property, plant and equipment write off			10,592				-				10,592				-
Depreciation of property, plant and equipment			6,406				11,508				31,879				45,669
Depreciation of right-of-use assets			11,757				12,273				47,539				46,250
Changes in working capital items			142,867				30,447				198,511				(400,792	)
Interest expenses on lease liabilities			(709	)			(1,562	)			(4,122	)			(3,607	)
Income tax paid			-				(57	)			(35	)			(6,180	)
Net cash used in operating activities			(69,000	)			(91,416	)			(373,922	)			(253,257	)
Financing activities
Advances from related parties			144,966				134,207				328,748				406,621
Repayment of advances from related parties			-				(77,654	)			(3,205	)			(151,184	)
Principal elements of lease payments			(12,063	)			(11,770	)			(47,510	)			(47,504	)
Net cash generated from financing activities			132,903				44,783				278,033				207,933
Investing activities
Purchase of property, plant and equipment			(983	)			(1,814	)			(3,613	)			(10,730	)
Net cash used in investing activities			(983	)			(1,814	)			(3,613	)			(10,730	)
Effect of exchange rate changes on cash held in foreign currencies			30,607				(245	)			63,984				8,133
Increase/(decrease) in cash			93,527				(48,692	)			(35,518	)			(47,921	)
Cash, end of period/year			156,385				191,903				156,385				191,903

SEGMENTED INFORMATION

a) Revenue by customers

		Twelve-month period ended December 31, 2025 (Unaudited)								Twelve-month period ended December 31, 2024 (Audited)
						% of total revenue								% of total revenue
Customer A			630,890				43.3				968,700				38.7
Next five top customers
Customer B			464,583				31.9				444,531				17.7
Customer C			78,713				5.4				52,522				2.1
Customer D			73,148				5.0				207,539				8.3
Customer E			49,680				3.4				87,618				3.5
Customer F			25,652				1.8				24,524				1.0
All other customers			135,324				9.2				720,673				28.7
Total			1,457,990				100.0				2,506,107				100.0

b) Revenue by geographical location

		Twelve-month period ended December 31, 2025 (Unaudited)								Twelve-month period ended December 31, 2024 (Audited)
						% of total revenue								% of total revenue
Singapore			1,121,125				76.9				1,437,755				57.4
Europe			124,554				8.5				295,536				11.8
Indonesia			93,471				6.4				224,854				9.0
Other Asia countries			81,785				5.6				364,032				14.5
United States			23,719				1.6				171,925				6.9
Other regions			13,336				1.0				12,005				0.4
Total			1,457,990				100.0				2,506,107				100.0

c) Total non-current assets by geographical location

		As at December 31, 2025 (Unaudited)								As at December 31, 2024 (Audited)
		$				% of total assets				$				% of total assets
Indonesia			36,724				92.2				122,695				94.2
Other Asia countries			3,112				7.8				7,592				5.8
Total			39,836				100.0				130,287				100.0

d) Financial information by business segments

		Messaging				Software products and services				Unallocated				Total
		$				$				$				$
Twelve-month period ended December 31, 2025 (Unaudited)
Revenue			263,721				1,194,269				-				1,457,990
Intersegment revenue			4,842				272,656				-				277,498
Amortisation and depreciation			13,034				66,384				-				79,418
Other material items of income and expense:
Staff costs			216,939				873,817				-				1,090,756
Interest income			12				202				-				214
Interest and finance expenses			417				3,705				-				4,122
Income tax expense			-				185				-				185
Segment losses			(409,419	)			(18,662	)			(168,197	)			(596,278	)
Additions to segment non-current assets			1,976				1,637				-				3,613
At December 31, 2025 (Unaudited)
Segment assets			96,675				698,523				19,702				814,900
Segment liabilities			(445,428	)			(1,735,356	)			(1,788,495	)			(3,969,279	)

		Messaging				Software products and services				Unallocated				Total
		$				$				$				$
Twelve-month period ended December 31, 2024 (Audited)
Revenue			715,934				1,790,173				-				2,506,107
Intersegment revenue			19,071				302,548				-				321,619
Amortisation and depreciation			8,694				83,225				-				91,919
Other material items of income and expense:
Staff costs			206,528				1,077,854				-				1,284,382
Interest income			727				394				-				1,121
Interest and finance expenses			87				3,520				-				3,607
Income tax expense			-				2,466				-				2,466
Segment profits/(losses)			112,904				71,393				(162,812	)			21,485
Additions to segment non-current assets			6,846				99,566				-				106,412
At December 31, 2024 (Audited)
Segment assets			111,865				931,267				19,304				1,062,436
Segment liabilities			(400,999	)			(1,597,481	)			(1,610,301	)			(3,608,781	)

Outlook

The Corporation announces its financial forecasts for the next twelve months ending December 31, 2026. The information included in this news release represents management's guidance as approved on February 12, 2026. The financial outlook was prepared for BHL, the ultimate holding company of the Corporation, for its public company reporting obligations in Japan.

Material Factors and Assumptions Supporting the Financial Outlook

a. Software Products and Services segment

• Revenue from the Corporation's major customers declined by 33.3% for the year ended December 31, 2025 compared to 2024, reflecting reduced demand for outsourced headcount.

• Gross margin for the Software Products and Services segment decreased to 39.5% in 2025, from 43.8% in 2024.

• For 2026, revenue from key customers is expected to remain relatively stable. Management forecasts a gross margin of 37.9%, incorporating:

• Moderated increases in man-hour rates.

• Salary increments factored into the forecast.

• Management considers this outlook conservative and achievable, given prevailing market conditions and customer demand

b. A2P Messaging Segment

• Traffic growth declined by 65.1% in 2025 compared to 2024, with all regions impacted by intensified competition.

• Revenue decreased by 63.2%, while gross margin fell to 24.9% in 2025, from 51.9% in 2024.

• Despite price adjustments to preserve margin, performance continued to weaken.

c. Operating Environment

• No significant changes in the competitive or regulatory environment are anticipated that would materially affect pricing or gross margins, other than those disclosed in sections (a) and (b).

d. Value-Added Services

• The financial outlook assumes the timely completion and launch of additional value-added services, which are expected to enhance customer offerings and support revenue growth.

e. Financing

• The Corporation expects to maintain access to financing through loans and cash advances to support ongoing sales operation.

The purpose of this financial outlook is to enable the Corporation's ultimate holding company, BHL, to reference and incorporate such information into its own financial disclosure. The operations of GINSMS represent a significant component of BHL's growth strategy, and management believes that providing this outlook will be useful to BHL's shareholders.

Readers are cautioned that the financial outlook of GINSMS, including its expected gross margin and revenue, constitutes forward-looking information. Such information is provided solely for the purpose described above and may not be appropriate for other uses.

Financial Highlights		Forecast				Forecast				Forecast				Forecast
($)		Jan - Mar 2026				Apr - Jun 2026				Jul - Sep 2026				Oct - Dec 2026
Revenues $
A2P Messaging Service			43,495				30,963				30,963				30,963
Software Products & Services			299,178				303,467				303,467				303,467
			342,673				334,430				334,430				334,430
Cost of sales $
A2P Messaging Service			33,712				23,999				23,999				23,999
Software Products & Services			184,803				188,782				188,782				188,782
			218,515				212,781				212,781				212,781
Gross profit $
A2P Messaging Service			9,783				6,964				6,964				6,964
Software Products & Services			114,375				114,685				114,685				114,685
			124,158				121,649				121,649				121,649
Gross margin %
A2P Messaging Service			22.5	%			22.5	%			22.5	%			22.5	%
Software Products & Services			38.2	%			37.8	%			37.8	%			37.8	%
			36.2	%			36.4	%			36.4	%			36.4	%
Selling, general and administrative expenses			(228,671	)			(229,002	)			(232,837	)			(229,589	)
Operating loss			(104,513	)			(107,353	)			(111,188	)			(107,940	)
Non-operating income (1)			-				-				-				-
Non-operating expenses (1)			(876	)			(876	)			(891	)			(920	)
Ordinary loss			(105,389	)			(108,229	)			(112,079	)			(108,860	)
Extraordinary gains			-				-				-				-
Extraordinary losses			-				-				-				-
Loss before tax and non-controlling interests			(105,389	)			(108,229	)			(112,079	)			(108,860	)
Income taxes			-				-				-				-
Non-controlling interests			-				-				-				-
Net loss for the period			(105,389	)			(108,229	)			(112,079	)			(108,860	)
Adjusted EBITDA (2)			(91,255	)			(94,095	)			(94,094	)			(94,094	)

1. Non-operating income included interest income and other non-operating income. Non-operating expenses included loss on foreign exchange and interest expenses.

2. Adjusted EBITDA is a non-IFRS measure which does not have any standardized meaning under IFRS Accounting Standards. Adjusted EBITDA is related to cash earnings and is defined for these purposes as earnings before income taxes, depreciation and amortisation (in both cost of sales and general and administration expenses), interest expenses and also excludes certain non-recurring or non-cash expenditure and income. This non-IFRS measure is not recognised under IFRS Accounting Standards and accordingly, shareholders are cautioned that this measure should not be construed as an alternative to net income determined in accordance with IFRS Accounting Standards. The non-IFRS measure presented is unlikely to be comparable to similar measure presented by other issuers. The Corporation believes that Adjusted EBITDA is a meaningful financial metric as it measures cash generated from operations which the Corporation can use to fund working capital requirements, service interest and principal debt repayment and fund future growth initiatives.

About GINSMS

GINSMS is a mobile technology and services company with a diversified focus on Application-to-Person (A2P) Messaging Services and Software Products and Services.

A2P Messaging Service

Through its cloud-based platform, GINSMS enables the delivery of SMS messages to mobile subscribers across more than 200 mobile operators worldwide. While this business has provided global connectivity, GINSMS faces sustained competitive pressures and uncertain profitability.

Software Products and Services

GINSMS designs, develops, and distributes innovative software solutions for mobile operators and enterprises. With more than 100 successful deployments worldwide, the company has established a proven track record in delivering scalable and reliable technologies. Leveraging cost-efficient development hubs in Indonesia and Malaysia, GINSMS continues to expand its customer base and strengthen its position in the enterprise solutions market.

Global

Headquartered in Asia, GINSMS maintains offices in China, Singapore, Hong Kong, Malaysia, and Indonesia, providing regional expertise and supporting cross-border technology deployments.

Forward-Looking Statements

This press release contains forward-looking statements. These are not historical facts but reflect management's current expectations regarding future results, performance, and events. Forward-looking statements are generally identified by words such as "may," "could," "will," "expect," "intend," "estimate," "anticipate," "believe," or similar expressions. They are based on information available to management as of the date hereof and involve significant risks, uncertainties, and assumptions.

Risks and Uncertainties

Actual results may differ materially from those expressed or implied in forward-looking statements due to factors including, but not limited to:

• Operational risks: dependence on major customers, reliance on third-party software and equipment, system failures, delays, and adequacy of network resilience and backup systems.

• Market risks: increasing competition, rapid technology changes, market acceptance of new services, decline in demand, and consolidation among customers.

• Regulatory and legal risks: dependence on required licenses, compliance with data security and privacy requirements, adequacy of insurance coverage, and potential conflicts of interest.

• Financial and strategic risks: credit risk, sufficiency of cash flows, retention of key management personnel, and success of expansion into Chinese and other Asian markets.

• External risks: economic and political conditions in countries where the Corporation operates, as well as residency requirements for directors and officers.

Key Assumptions

Forward-looking statements in this release are based on assumptions management believes to be reasonable, including:

• The Corporation's software products will shift toward an outsourcing model leveraging lower cost bases in Indonesia and Malaysia, with new customer acquisition offsetting reduced revenue from existing customers.

• The A2P messaging business is expected to deliver minimal growth in traffic and revenue, constrained by sustained competitive pressures and uncertain profitability.

• The Corporation expects to obtain sufficient cash from financing activities to meet working capital requirements.

Cautionary Note

Forward-looking statements are made as of the date of this release. The Corporation undertakes no obligation to update or revise them except as required by law. Readers should not place undue reliance on these statements, which are provided to assist in understanding expected fiscal 2025 results, strategic priorities for fiscal 2026, and the anticipated operating environment. All forward-looking statements herein are expressly qualified by this cautionary note.

For further information, please contact:

GINSMS Inc.
Joel Chin, CEO
Tel: [phone]
Email: [e-mail]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: GINSMS, Inc.

View the original press release on ACCESS Newswire