BREAKING:

V2Y Corporation Ltd. has unveiled its latest interim financial statements, highlighting a period of significant strategic adjustments. The company is actively divesting from underperforming ventures, refocusing efforts on its primary, revenue-generating business. Despite reported losses and financial challenges, management details a path forward centered on strengthening cash flow, managing costs, and seeking new opportunities.

• Unpack the strategic decision to shed certain business segments and sharpen focus on the core Insurtech operations
• Explore how the Group is navigating financial pressures, including improved operational cash generation
• Discover management's forward-looking plans to streamline operations and pursue new growth avenues

BREAKING: 

V2Y Corporation Ltd. reported its results for the full year ended 31 December 2024. The period saw the introduction of a new business segment which significantly impacted revenue and costs. The Group's financial position and cash flow were also affected. Subsequent events, including the disposal of certain businesses and new placements, are expected to strengthen the financial position.

• The Group introduced a new business segment during the year that dramatically increased revenue and costs
• Despite efforts, the Group ended the year in a net liabilities position with continued cash outflows from operations
• Significant strategic actions taken shortly after the year-end are intended to refocus the Group's business and improve its financial health