$CUPR

Cuprina Holdings (Cayman) LTD

CIK:0001995704|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss	12 Months Ended
	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2025 SGD ($) $ / shares shares	Dec. 31, 2024 SGD ($) $ / shares shares	Dec. 31, 2023 SGD ($) $ / shares shares
Income Statement [Abstract]
Revenue	$ 38,789	$ 49,894	$ 48,321	$ 100,773
Cost of revenues	(39,290)	(50,539)	(51,345)	(64,168)
Gross profit / (loss)	(501)	(645)	(3,024)	36,605
Operating expenses:
Selling, general and administrative expenses	(3,577,937)	(4,602,300)	(1,400,873)	(937,200)
Research and development costs	(176,385)	(226,884)	(241,362)	(167,734)
Total operating expenses	(3,754,322)	(4,829,184)	(1,642,235)	(1,104,934)
Loss from operations	(3,754,823)	(4,829,829)	(1,645,259)	(1,068,329)
Other (expense)/ income:
Other income	182,271	234,455	173,865	39,149
Interest expense	(11,447)	(14,724)	(37,210)	(56,587)
Total other (expense)/ income, net	170,824	219,731	136,655	(17,438)
Loss before tax expense	(3,583,999)	(4,610,098)	(1,508,604)	(1,085,767)
Income tax expense
Loss before equity in net earnings of affiliates	(3,583,999)	(4,610,098)	(1,508,604)	(1,085,767)
Equity in net earnings of affiliates	(49,249)	(63,349)	(51,931)	(33,788)
Net loss	(3,633,248)	(4,673,447)	(1,560,535)	(1,119,555)
Other comprehensive income/ (loss):
Foreign currency translation, net of income tax	272,204	350,136	(1,903)	570
Total comprehensive loss	$ (3,361,044)	$ (4,323,311)	$ (1,562,438)	$ (1,118,985)
Loss per share attributable to weighted average number of outstanding ordinary shares
Basic (cents) \| (per share)	$ (17.75)	$ (22.83)	$ (8.68)	$ (6.22)
Diluted (cents) \| (per share)	$ (17.75)	$ (22.83)	$ (8.68)	$ (6.22)
Basic	20,471,507	20,471,507	18,000,000	18,000,000
Diluted	20,471,507	20,471,507	18,000,000	18,000,000

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (3,633,248)	$ (4,673,447)	$ (1,560,535)	$ (1,119,555)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	28,394	36,523	42,185	35,059
Current expected credit loss on account receivables				28,409
Loss on disposal of property and equipment	1,746	2,246
Write-off on inventories	1,345	1,730	5,935
Lease related expenses	(2,960)	(3,807)	(2,112)	106
Foreign exchange loss/ (income)	109,782	141,213	(1,741)	2,484
Equity in net earnings of affiliates	49,249	63,349	51,931	33,788
Change in operating assets and liabilities:
Account receivables	6,337	8,151	24,430	(37,511)
Contract assets				2,488
Other assets and deferred costs	(3,465,133)	(4,457,200)	10,639	(32,122)
Inventories				(1,164)
Accounts payable		(1,177)
Accruals and other payables	(227,140)	(290,994)	123,562	(45,863)
Advance to related parties, net	30,681	39,465	69,725	238,900
Net cash used in operating activities	(7,100,947)	(9,133,948)	(1,235,981)	(894,981)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(45,268)	(58,229)	(21,884)	(67,977)
Net cash used in investing activities	(45,268)	(58,229)	(21,884)	(67,977)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of ordinary shares	13,687,351	17,606,040
Payments of financing costs	(2,043,647)	(2,628,743)	(423,787)	(647,796)
Proceeds from bank loans			200,000
Repayments of bank loans	(42,019)	(54,049)	(23,572)	(20,574)
Advance from/ (repayment to) related parties, net	(2,092,440)	(2,691,506)	1,588,336	1,101,445
Net cash provided by financing activities	9,509,245	12,231,742	1,340,977	433,075
Net change in cash and cash equivalents	2,363,030	3,039,565	83,112	(529,883)
Foreign currency translation	(29,818)	(38,355)	(1,903)	570
Cash and cash equivalents - beginning of year	90,548	116,472	35,263	564,576
Cash and cash equivalents - end of year	2,423,760	3,117,682	116,472	35,263
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Cash paid for interest	54,874	70,584	221	727
Unpaid deferred offering costs				$ 242,287

Consolidated Balance Sheets	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)
Current assets
Cash and cash equivalents	$ 2,423,760	$ 3,117,682	$ 116,472
Accounts receivable, net	14,163	18,218	26,389
Deferred costs			1,272,202
Other assets	3,076,687	3,957,542	146,152
Inventories			1,730
Total current assets	5,699,428	7,331,174	1,656,030
Noncurrent assets
Property and equipment, net	60,270	77,525	58,065
Right-of-use assets	246,229	316,725	30,940
Other assets	605,748	779,173
Investments at equity
Total noncurrent assets	912,247	1,173,423	89,005
TOTAL ASSETS	6,611,675	8,504,597	1,745,035
Current liabilities
Accounts payable, net	915	1,177
Accruals and other payables	23,809	30,626	323,971
Bank loans, current	30,108	38,728	55,250
Lease liabilities, current	85,698	110,233	35,812
Total current liabilities	2,421,996	3,115,414	6,041,029
Noncurrent liabilities
Bank loans, non-current	98,112	126,201	163,728
Lease liabilities, non-current	161,359	207,557
Total noncurrent liabilities	259,471	333,758	163,728
TOTAL LIABILITIES	2,681,467	3,449,172	6,204,757
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY (DEFICIT)
Additional paid in capital	10,816,122	13,912,778	78,722
Accumulated deficit	(7,179,118)	(9,234,500)	(4,561,053)
Accumulated other comprehensive (loss)/ income	271,115	348,542	(1,594)
Total shareholders’ equity (deficit)	3,930,208	5,055,425	(4,459,722)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT)	6,611,675	8,504,597	1,745,035
Common Class A [Member]
SHAREHOLDERS’ EQUITY (DEFICIT)
Ordinary shares, value	7,365	9,666	5,264
Common Class B [Member]
SHAREHOLDERS’ EQUITY (DEFICIT)
Ordinary shares, value	14,724	18,939	18,939
Related Party [Member]
Current assets
Amount due from related parties	184,818	237,732	93,085
Current liabilities
Amount due to related parties	$ 2,281,466	$ 2,934,650	$ 5,625,996