Agape ATP Corp (NASDAQ: ATPC) is a health and wellness company that sells products and services in Malaysia. Revenue is transactional, generated through direct product sales, with the company also offering coupon programs to customers. The health and wellness market in Malaysia is described in the FY2025 10-K as mature and highly competitive, with a multitude of domestic participants including retail health outlets. Total revenues grew approximately 15.2% from roughly $1.3 million in FY2024 to roughly $1.5 million in FY2025, with gross profit increasing approximately 10.4% from roughly $0.7 million to roughly $0.8 million over the same period. The company is expanding into renewable energy through ATPC Green Energy Sdn. Bhd. (formed January 2024, wholly owned as of March 2024) and into digital wellness technology through ATPC Technology Private Limited, incorporated in China on December 25, 2024. The board has no plans to pay dividends as of the filing date of April 13, 2026.

Revenue model

Transactional product sales in the health and wellness segment, with coupon programs offered to customers. Total revenues were approximately $1.5 million for FY2025 and approximately $1.3 million for FY2024 (10-K, filed 2026-04-13).

Products and services

Health and wellness products sold in Malaysia. The company is also developing a renewable energy business through ATPC Green Energy Sdn. Bhd. and a digital wellness platform integrating e-commerce and online consultations through ATPC Technology Private Limited (incorporated December 25, 2024 in China).

Customers and end markets

Individual consumers in the Malaysian health and wellness market. No customer concentration data disclosed in the filing excerpts.

Value-chain role

Product seller in the health and wellness market, managing inventory with allowances for obsolescence. Inventory write-downs of $11,825 and write-offs of $7,035 were recorded for FY2025 (10-K, filed 2026-04-13).

Geographic exposure

Primary operations in Malaysia. Renewable energy subsidiary ATPC Green Energy Sdn. Bhd. is incorporated in Malaysia. Digital wellness subsidiary ATPC Technology Private Limited is incorporated in China (as of December 25, 2024).

Source: SEC 10-K, filed 2026-04-13

Industry: Services-Health Services