$TNMG

TNL Mediagene

CIK:0002013186|SEC Filings

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
Consolidated Statements of Comprehensive Loss - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	$ 45,020,570	$ 48,493,897	$ 35,838,780
Cost of revenue	(31,041,513)	(30,755,340)	(23,187,396)
Gross profit	13,979,057	17,738,557	12,651,384
Sales, general and administrative expenses	(21,227,326)	(62,004,194)	(16,421,386)
Research and development expenses	(3,124,214)	(3,052,515)	(3,327,185)
Impairment loss on intangible assets	(39,211,519)	(29,026,050)	(298,424)
Operating loss	(49,584,002)	(76,344,202)	(7,395,611)
Interest income	18,557	21,773	19,340
Other income	410,403	58,024	409,555
Other gains and losses	486,937	(851,689)	5,458,803
Finance costs	(927,622)	(8,167,872)	(298,958)
Loss before income tax	(49,595,727)	(85,283,966)	(1,806,871)
Income tax benefit	5,038,864	307,246	591,082
Loss for the year	(44,556,863)	(84,976,720)	(1,215,789)
Unrealized gain on valuation of financial assets at fair value through other comprehensive income	(70,023)	10,340
Income tax effect on components that will not be reclassified to profit and loss	5,229	(2,814)
Component of other comprehensive income (loss) that will not be reclassified to profit and loss	(64,794)	7,526
Exchange differences on translation of foreign operations	112,300	(210,223)	(41,644)
Components of other comprehensive income (loss) that will be reclassified to profit or loss	112,300	(210,223)	(41,644)
Other comprehensive loss, net of income tax	47,506	(202,697)	(41,644)
Total comprehensive loss for the year	(44,509,357)	(85,179,417)	(1,257,433)
LOSS ATTRIBUTABLE TO:
Owners of the parent	(44,550,818)	(85,004,692)	(804,977)
Non-controlling interests	(6,045)	27,972	(410,812)
Profit (loss)	(44,556,863)	(84,976,720)	(1,215,789)
TOTAL COMPREHENSIVE LOSS ATTRIBUTABLE TO:
Owners of the parent	(44,503,566)	(85,190,133)	(837,737)
Non-controlling interests	(5,791)	10,716	(419,696)
Total comprehensive loss for the year	$ (44,509,357)	$ (85,179,417)	$ (1,257,433)
Loss per share – basic (in Dollars per share)	$ (25.91)	$ (69.27)	$ (0.87)
Loss per share – diluted (in Dollars per share)	$ (25.91)	$ (69.27)	$ (0.87)

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Loss before income tax	$ (49,595,727)	$ (85,283,966)	$ (1,806,871)
Adjustments to reconcile profit (loss)
Depreciation expenses	1,200,954	1,139,488	1,025,783
Amortization expenses	2,094,023	2,101,080	1,809,774
Expected credit losses (gain)	56,751	192,134	(44,725)
Interest expense	927,622	8,167,872	298,958
Interest income	(18,557)	(21,773)	(19,340)
Gain on disposal of property, plant and equipment, net	(569)	(38)	(3,732)
Losses (gain) on lease modification	41,120	(3,273)
Impairment loss on Intangible assets	39,211,519	29,026,050	298,424
Losses (gain) on valuation of financial liabilities at fair value through profit or loss	(606,825)	676,564	(5,480,914)
Share-based payment transactions	483,592	250,952	118,800
Professional fees settled by issuance of shares	181,935
Listing expense		38,100,249
Changes in operating assets and liabilities
Current contract assets	(275,585)	(767,537)	(60,002)
Accounts and notes receivable	1,074,158	624,242	(3,121,238)
Other receivables	(1,651,996)	804,116	(188,073)
Inventories	7,297	27,796	14,714
Prepayments	140,494	(64,877)	91,899
Other current assets	198,723	(182,526)	13,512
Other non-current assets	(57,102)	(229,300)	214,448
Current contract liabilities	803,602	(455,207)	(54,194)
Accounts and notes payable	1,151,205	88,727	1,974,808
Other payables	(1,074,799)	(2,755,037)	3,795,566
Other current liabilities	1,617,175	(615,585)	236,682
Provisions	(81,984)	(40,834)	(213,270)
Other non-current liabilities	(40,099)	(539,782)	114,463
Cash used in operations	(4,213,073)	(9,760,465)	(984,528)
Interest received	18,557	21,773	19,340
Interest paid	(642,250)	(440,909)	(330,829)
Income tax paid	(59,294)	(32,469)	(128,465)
Net cash used in operating activities	(4,896,060)	(10,212,070)	(1,424,482)
Cash flows from investing activities
Acquisition of financial assets at amortized cost	(21,580,738)	(367,151)	(44,901)
Proceeds from repayments of financial assets at amortized cost	21,084,519	85,673	1,604
Payment of contingent consideration			(400,000)
Acquisition of property, plant and equipment	(133,202)	(89,121)	(87,179)
Proceeds from disposal of property, plant and equipment	2,466	14,066	4,863
Acquisition of intangible assets	(270,314)	(275,609)	(171,541)
Proceeds from disposal of intangible assets			7,888
Net cash flow from acquisition of subsidiaries		1,552,346	942,007
Net cash flow from recapitalization		2,653
Net cash generated from (used in) investing activities	(897,269)	922,857	252,741
Cash flows from financing activities
Increase in short-term borrowings	5,089,966	1,861,076	1,397,615
Repayments of short-term borrowings	(2,681,861)	(4,323,616)	(320,718)
Increase in long-term borrowings	4,012,261	7,857,361	3,083,996
Repayments of long-term borrowings	(5,760,673)	(5,055,675)	(2,827,853)
Payments on bonds payable		(313,189)	(149,547)
Payment on lease liabilities	(936,623)	(1,001,160)	(782,117)
Proceeds from issuance of financial liabilities at fair value through profit or loss	1,875,000	6,475,471
Payment on financial liabilities at fair value through profit or loss	(1,535,473)
Proceeds from issuance of November PIPE Convertible Notes		4,355,000
Proceeds from issuance of ordinary shares-ELOC	2,609,282
Proceeds from issuance of ordinary shares-Private Placement	1,500,000		301,203
Share-based payments		22,911	99,999
Proceeds from guarantee deposits	(242,469)	119,140	27,171
Acquisition of ownership interest in subsidiaries			(298,318)
Changes in non-controlling interests		25,094	(459)
Net cash generated from financing activities	3,929,410	10,022,413	530,972
Effect of foreign exchange rate changes	147,574	(116,742)	(63,249)
Net increase (decrease) in cash and cash equivalents	(1,716,345)	616,458	(704,018)
Cash and cash equivalents at beginning of year	3,646,756	3,030,298	3,734,316
Cash and cash equivalents at end of year	$ 1,930,411	$ 3,646,756	$ 3,030,298

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 1,930,411	$ 3,646,756
Current financial assets at amortized cost	983,038	46,596
Current contract assets	4,255,965	3,980,380
Notes receivable, net	19,456
Accounts receivable, net	7,080,747	8,241,352
Other receivables	1,821,012	172,695
Other receivables－related parties	3,679
Current income tax assets	21,502	21,057
Inventories	80,531	87,828
Prepayments	954,835	1,320,329
Other current assets	441,248	207,041
Total current assets	17,592,424	17,724,034
Non-current assets
Non-current financial assets at fair value through other comprehensive income	81,646	148,925
Non-current financial assets at amortized cost	129,947	544,861
Property, plant and equipment, net	372,147	430,809
Right-of-use assets	3,872,275	5,182,528
Investment properties	2,466,285	2,389,864
Goodwill	8,695,784	33,960,053
Intangible assets	15,573,561	30,978,581
Deferred tax assets	521,388	556,812
Other non-current assets	641,023	998,610
Total non- current assets	32,354,056	75,191,043
Total assets	49,946,480	92,915,077
Current liabilities
Short-term borrowings	3,521,361	1,075,904
Current financial liabilities at fair value through profit or loss	5,439,544	7,869,087
Current financial liabilities at amortized cost	509,068
Current contract liabilities	1,381,821	578,219
Notes payable		127,063
Accounts payable	5,521,443	4,897,884
Other payables	7,287,613	9,039,084
Income tax payable	83,984	38,385
Long-term borrowings, current portion	4,119,952	4,188,088
Current lease liabilities	543,131	891,804
Other current liabilities	5,064,352	3,447,177
Total current liabilities	35,044,728	32,994,887
Non-current liabilities
Non-current financial liabilities at fair value through profit or loss		1,431,000
Non-current financial liabilities at amortized cost	1,399,936	1,829,826
Long-term borrowings	3,549,437	4,843,107
Deferred tax liabilities	5,164,028	10,345,287
Non-current lease liabilities	3,279,354	4,111,749
Provisions	321,850	403,834
Other non-current liabilities	269,059	551,627
Total non- current liabilities	13,983,664	23,516,430
Total liabilities	49,028,392	56,511,317
Equity attributable to equity holders of the Company
Ordinary share	5,112	2,613
Capital surplus	163,652,589	154,703,137
Accumulated deficit	(161,758,836)	(117,208,018)
Other equity interest	(979,610)	(1,098,596)
Equity attributable to equity holders of the Company	919,255	36,399,136
Non-controlling interests	(1,167)	4,624
Total equity	918,088	36,403,760
Total liabilities and equity	49,946,480	92,915,077
Related Party
Current liabilities
Accounts payable－related parties		922
Other payables－related parties	$ 1,572,459	$ 841,270