Jocom Holdings Corp. reported significant financial improvements for the third quarter and the nine months ended September 30, 2024, compared to the same periods in 2023. The company achieved a net profit of $11,911 for Q3 2024, a stark contrast to a net loss of $(45,630) in Q3 2023. This turnaround is attributed to a substantial increase in other income, which rose to $36,950 in Q3 2024 from $3,553 in Q3 2023. The profit before income tax also improved, moving from a loss of $(45,630) in Q3 2023 to a profit of $11,911 in Q3 2024.

For the nine-month period ending September 30, 2024, Jocom reported a net profit of $37,218, compared to a net loss of $(127,749) for the same period in 2023. Other income for the nine months increased significantly to $99,383 from $36,315 in the previous year. The profit before income tax for this period also showed a remarkable recovery, rising from a loss of $(127,749) in 2023 to a profit of $37,218 in 2024.

The company's cash position improved notably, with cash and cash equivalents at the end of the nine months reaching $10,696, up from $9,695 a year earlier. Additionally, net cash generated from operating activities for the nine months was $10,493, a significant recovery from the $(110,477) used in the same period of 2023. The net increase in cash and cash equivalents for the nine months was $10,562, compared to a decrease of $(46,348) in 2023.

As of September 30, 2024, Jocom's total current assets were reported at $13,997, while total current liabilities decreased to $113,858 from $137,643 as of December 31, 2023. The total stockholders’ equity improved to $(99,860) from $(137,147) in the previous fiscal period, reflecting a positive shift in the company's financial health.

The company’s share count remained relatively stable, with a slight increase to 57,680,500 shares as of September 30, 2023, following an initial public offering in September 2023 that added 80,500 shares at $1.00 each, contributing an additional $80,500 to total equity.