Overview
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- TickerEPSM on Nasdaq1
- IndustryWholesale-Beer, Wine & Distilled Alcoholic Beverages1
- HeadquartersMacau, China1
- Incorporated inVirgin Islands, British3
- Business addressDr. Carlos D'Assumpcao, Edf. China Civil Plaza 235-243, 14 Andar, Macau, F4 9990783
- Filer categoryNon-accelerated filer, Emerging growth company3
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It has no revenue or expenses other than those associated with inventory procurement in Hong Kong from a few Hong Kong beverage distributors.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue85¢$4.4M
- Other costs15¢$753.8K
Out of $5.1M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue, net | $5.1M | $12.5M | $29.2M |
| Cost of goods sold | $4.4M | $10.9M | $23.7M |
| Gross profit | $753.8K | $1.6M | $5.5M |
| Selling and distribution expenses | $5.1K | $3.1K | $2.4K |
| General and administrative expenses | $2.1M | $1.2M | $1.2M |
| Inventory obsolescence | $121.2K | ||
| Total operating expenses | $2.2M | $1.2M | $1.2M |
| Operating (loss) income | -$1.5M | $407.9K | $4.3M |
| Interest expense | $5.3K | ||
| Other expenses (income), net | $324 | -$1.5K | $21.3K |
| Total other expenses (income), net | $324 | -$1.5K | $26.5K |
| (Loss) Income before provision for taxes | -$1.5M | $409.4K | $4.3M |
| Provision for income taxes | $124.7K | $588.0K | |
| Net (loss) income | -$1.5M | $284.7K | $3.7M |
| Less: net income attributable to non-controlling interest | $1.3K | $9.8K | $43.8K |
| Net (loss) income attributable to Epsium Enterprise Limited | -$1.5M | $274.9K | $3.7M |
| Foreign currency translation (loss) gain | -$35.3K | $50.8K | $2.9K |
| Comprehensive income (loss) attributable to Epsium Enterprise Limited | -$1.5M | $325.7K | $3.7M |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 8 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2024-01-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash | $2.0M | $148.8K | |||
| Term deposit | $44.8K | $45.0K | |||
| Accounts receivable | $199.6K | $1.2M | |||
| Prepaid expense | $1.1M | $3.8K | |||
| Advances payments for goods | $3.8M | $4.4M | |||
| Other receivables | $33.6K | $19.2K | |||
| Inventories, net | $5.9M | $4.6M | |||
| Total current assets | $13.0M | $10.4M | |||
| Property and equipment, net | $61.8K | $78.1K | |||
| Leased right-of-use assets | $190.3K | $158.1K | $243.4K | ||
| Total non-current assets | $252.1K | $236.2K | |||
| Total assets | $13.3M | $10.6M | |||
| Accounts payable | $278.5K | $538.9K | |||
| Employee benefits payable | $50.4K | $53.7K | |||
| Taxes payable | $1.3M | $1.3M | |||
| Lease liability - current | $151.0K | $85.9K | $100.2K | ||
| Total current liabilities | $1.8M | $2.3M | |||
| Lease liabilities non-current | $45.0K | $79.8K | $158.8K | ||
| Total non-current liabilities | $45.0K | $79.8K | |||
| Total liabilities | $1.8M | $2.4M | |||
| Treasury Stock | -$300.0K | ||||
| Paid-in capital | $5.5M | $328.2K | |||
| Reserve Capital | $1.6K | $1.6K | |||
| Accumulated Other Comprehensive Income (Loss) | $9.5K | $44.8K | |||
| Retained earnings | $6.2M | $7.7M | |||
| Total Epsium stockholders equity | $11.5M | $8.1M | |||
| Non-controlling interest | $94.2K | ||||
| Total stockholders equity | $11.5M | $8.2M | $7.9M | ||
| Total liabilities and stockholders equity | $13.3M | $10.6M | |||
| Ordinary shares, par value per share (in Dollars per share) | $0.00 | ||||
| Preferred shares, par value per share (in Dollars per share) | $0.00 | $0.00 | |||
| Preferred shares, shares authorized (in Shares) | 100.0M shares | 100.0M shares | 100.0M shares | ||
| Preferred shares, shares issued (in Shares) | 100.0M shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2024-01-31 | 2023-12-31 | 2022-12-31 | 2021-08-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|
| Cash | $2.0M | $148.8K | ||||||
| Term deposit | $44.8K | $45.0K | ||||||
| Accounts receivable | $199.6K | $1.2M | ||||||
| Prepaid expense | $1.1M | $3.8K | ||||||
| Advances payments for goods | $3.8M | $4.4M | ||||||
| Other receivables | $33.6K | $19.2K | ||||||
| Inventories, net | $5.9M | $4.6M | ||||||
| Total current assets | $13.0M | $10.4M | ||||||
| Property and equipment, net | $61.8K | $78.1K | ||||||
| Leased right-of-use assets | $190.3K | $158.1K | $243.4K | |||||
| Total non-current assets | $252.1K | $236.2K | ||||||
| Total assets | $13.3M | $10.6M | ||||||
| Accounts payable | $278.5K | $538.9K | ||||||
| Employee benefits payable | $50.4K | $53.7K | ||||||
| Taxes payable | $1.3M | $1.3M | ||||||
| Lease liability - current | $151.0K | $85.9K | $100.2K | |||||
| Total current liabilities | $1.8M | $2.3M | ||||||
| Lease liabilities non-current | $45.0K | $79.8K | $158.8K | |||||
| Total non-current liabilities | $45.0K | $79.8K | ||||||
| Total liabilities | $1.8M | $2.4M | ||||||
| Treasury Stock | -$300.0K | |||||||
| Paid-in capital | $5.5M | $328.2K | ||||||
| Reserve Capital | $1.6K | $1.6K | ||||||
| Accumulated Other Comprehensive Income (Loss) | $9.5K | $44.8K | ||||||
| Retained earnings | $6.2M | $7.7M | ||||||
| Total Epsium stockholders equity | $11.5M | $8.1M | ||||||
| Non-controlling interest | $94.2K | |||||||
| Total stockholders equity | $11.5M | $8.2M | $7.9M | $4.1M | ||||
| Total liabilities and stockholders equity | $13.3M | $10.6M | ||||||
| Ordinary shares, par value per share (in Dollars per share) | $0.00 | $0.00 | ||||||
| Ordinary shares, shares issued (in Shares) | 1.0K shares | |||||||
| Preferred shares, par value per share (in Dollars per share) | $0.00 | $0.00 | ||||||
| Preferred shares, shares authorized (in Shares) | 100.0M shares | 100.0M shares | 100.0M shares | 200.0M shares | ||||
| Preferred shares, shares issued (in Shares) | 100.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$1.5M | $284.7K | $3.7M |
| Depreciation | $20.2K | $15.4K | $20.0K |
| Imputed interest expense | $5.0K | ||
| Reduction in the carrying amount of right-of-use assets | $145.1K | $86.5K | $12.1K |
| Inventory obsolescence | $121.2K | ||
| Inventories | -$1.3M | $805.1K | $435.8K |
| Accounts receivable | $964.8K | -$478.0K | -$437.4K |
| Prepayments | -$588.0K | -$1.3M | -$3.0M |
| Other receivables | -$14.4K | -$1.5K | $11.2K |
| Accounts payable | -$34.9K | -$861.2K | $546.7K |
| Employee benefits payable | -$3.0K | $2.2K | $50.2K |
| Taxes and surcharges payable | $124.7K | $565.2K | |
| Lease liabilities | -$147.0K | -$94.4K | -$4.9K |
| Other payables | -$12.5K | ||
| Net cash provided by (used in) operating activities | -$2.4M | -$1.4M | $1.9M |
| Cash paid for property and equipment | -$4.2K | -$83.2K | -$770 |
| Purchase of term deposit | -$44.8K | ||
| Net cash flows used in investing activities | -$4.2K | -$128.0K | -$770 |
| Proceeds from issuance of shares | $5.8M | ||
| Payment for UW discount and fees | -$517.5K | ||
| Payment for offering cost | -$354.5K | ||
| Payments to repurchase of shares | -$300.0K | ||
| Receipts from related parties | $6.2K | $629.0K | $4.0M |
| Payments to related parties | -$366.7K | -$276.1K | -$5.0M |
| Repayments to bank loans | -$26.8K | ||
| Net cash provided by (used in) financing activities | $4.2M | $352.9K | -$1.1M |
| Effect of exchange rate change on cash | -$4.3K | $614 | -$32 |
| Net increase (decrease) in cash | $1.8M | -$1.2M | $790.6K |
| Taxes | $22.8K | ||
| Acquisition of non-controlling interest | $95.5K | ||
| Acquisition of right-of-use assets in exchange for lease liabilities | $177.9K |
No quarter-by-quarter statement was filed.
Corporate structure
Epsium Enterprise Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Epsium Enterprise Ltd
- Son I. Tam Filed SCHEDULE 13G on Epsium Enterprise Ltd, latest Apr 29, 2026 (2 filings since Jun 2, 2025)
- Epsium Enterprise Ltd Macau, China
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Epsium Enterprise Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $206.4K2 Dec 31, 2025 | $203.0K2 Dec 31, 2024 | +1.7% |
| Accumulated depreciation | $144.6K2 Dec 31, 2025 | $124.9K2 Dec 31, 2024 | +15.8% |
| Property and equipment, net | $61.8K2 Dec 31, 2025 | $78.1K2 Dec 31, 2024 | −20.9% |
| Operating-lease assets (leased space) | $190.3K2 Dec 31, 2025 | $158.1K2 Dec 31, 2024 | +20.4% |
Inventory
Leadership
Who has led Epsium Enterprise Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerSon I. Tam Jul 27, 2026 to now6
Board members and other officers (3)
- Board memberSon I. Tam Jul 27, 2026 to now6
- Board memberSiu Keung Yeung Aug 4, 2026 to now7
- Board memberUt Ha Lei Sep 8, 2026 to now8
Timeline
- Jul 27, 2026New chief executive Son I. Tam becomes CEO6
Filings
67 filings to the SEC since October 2021: 2 annual reports, 5 insider forms, 2 large holders, 58 other. The latest 20:
- Sep 8, 20263 EDGAR
- Aug 18, 20263 EDGAR
- Aug 4, 20263 EDGAR
- Jul 27, 20263 EDGAR
- Jul 27, 20263 EDGAR
- Jun 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- May 13, 2026S-8 REGISTRATION STATEMENT EDGAR
- May 5, 20266-K/A AMENDMENT NO. 1 TO FORM 6-K EDGAR
- Apr 30, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Apr 29, 2026SCHEDULE 13G EDGAR
- Apr 29, 202620-F ANNUAL REPORT EDGAR
- Mar 31, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Dec 5, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Oct 29, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 30, 2025144 EDGAR
- Sep 10, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Sep 8, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Aug 28, 20256-K/A AMENDMENT NO. 1 TO FORM 6-K EDGAR
- Aug 27, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 28, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
The 67 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Son I. TamSCHEDULE 13G, 2 filings Jun 2, 2025 to Apr 29, 20269
SEC filer profile
How Epsium Enterprise Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAREpsium Enterprise Ltd1
- CIK0001883437
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inBritish Virgin Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)5180 Wholesale-Beer, Wine & Distilled Alcoholic Beverages1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business addressDr. Carlos D'Assumpcao, Edf. China Civil Plaza 235-243, 14 Andar, Macau, F4 9990781
- Phone853-285752321
- Shares outstanding2,664,034 Common Class A shares; 10,774,000 Common Class B shares as of Dec 31, 20254
- AuditorTAAD, LLP, Diamond Bar, California PCAOB ID 5854; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceSep 27, 20211
- Filings68 in all: F-1/A (13), 6-K (11), CORRESP (8), UPLOAD (8), 3 (5), DRS/A (3), 20-F (2), 424B4 (2)1
All 19 form types
6-K/A (2), DRS (2), DRSLTR (2), F-1 (2), SCHEDULE 13G (2), 144 (1), 8-A12B (1), CERT (1), EFFECT (1), RW (1), S-8 (1)
- Latest filingsAnnual report (20-F) Apr 29, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares | EPSM | The Nasdaq Stock Market LLC |
From the cover page of the 20-F filed Apr 29, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6SEC EDGARSon I. Tam, Chief executive officer
- 7SEC EDGARSiu Keung Yeung, Board member
- 8SEC EDGARUt Ha Lei, Board member
- 9