XML 38 R25.htm IDEA: XBRL DOCUMENT
v3.25.4

DISCONTINUED OPERATIONS | 12 Months Ended
--- | ---
Dec. 31, 2025
Notes and other explanatory information [abstract] |
DISCONTINUED OPERATIONS | NOTE 18 — DISCONTINUED OPERATIONS In December 2024, the Group halted the operations of E-Squared Education Enterprises (Pty) Ltd (“E-Squared”) and its subsidiaries following issues identified during an internal investigation initiated in the third quarter of 2024 in response to a whistleblower complaint. As part of this process, the directors of E-Squared and its subsidiaries resigned in December 2024 and the Group determined that the operations of these entities would cease. In January 2025, the Company commenced the process to liquidate E-Squared and its subsidiaries in accordance with applicable legal requirements. As such, the Group has lost controls over ESQ due to commencement of liquidation proceedings. Accordingly, the financial results of E-Squared and its subsidiaries have been presented as a discontinued operation in the consolidated financial statements. The assets and liabilities associated with these entities have been derecognized as part of the liquidation process. The comparative figures in the consolidated statement of profit or loss have been re-presented to reflect the results of E-Squared and its subsidiaries as discontinued operations in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Analysis of the results of discontinued operations and the impact of the liquidation are presented below. Disclosure for statement of financial position The major classes of assets and liabilities of E-Squared Education Enterprises (Pty) Ltd and its subsidiaries as at 31 December 2024, being the last reporting date prior to the commencement of the liquidation process in January 2025,that was de-recognised from the consolidated financial statements for the financial year ended 31 December 2025 are as follows: SCHEDULE OF DISCONTINUED ASSETS AND LIABILITIES
|  | US$ |
Assets |  |  |
Property, plant and equipment |  | $ | 219,370 |
Goodwill |  |  | 90,266 |
Intangible assets |  |  | 85,833 |
Trade and other receivables |  |  | 148,754 |
Due from related parties |  |  | 9,089 |
Prepaid expenses and other current assets |  |  | 13,842 |
Cash and cash equivalents |  |  | 8,933 |
Assets of discontinued operation |  | $ | 576,087 |
Liabilities |  |  |  |
Trade and other payables |  | $ | 451,777 |
Due to related parties |  |  | 457,682 |
Deferred tax liabilities |  |  | 198,800 |
Liabilities of discontinued operation |  | $ | 1,108,259 |
Net liabilities directly associated with subsidiary that was de-recognised, included in the statements of operations and comprehensive loss |  | $ | (532,172 | )
Disclosures for statement of profit or loss The results of the discontinued operation for the reporting years ended 31 December 2025, 2024 and 2023 are as follows: SCHEDULE OF DISCONTINUED PROFIT OR LOSS
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | For the years ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Revenue |  | $ | - |  |  | $ | 330,756 |  |  | $ | 525,210 |
Cost of revenue |  |  | - |  |  |  | (98,882 | ) |  |  | (284,237 | )
Gross profit |  |  | - |  |  |  | 231,874 |  |  |  | 240,973 |
Other income and gains |  |  | - |  |  |  | 6,686 |  |  |  | 6,237 |
Administrative expenses |  |  | - |  |  |  | (539,370 | ) |  |  | (269,521 | )
Depreciation and amortization |  |  | - |  |  |  | - |  |  |  | (4,761 | )
Impairment loss |  |  | - |  |  |  | (780,386 | ) |  |  | (1,019,778 | )
Finance costs |  |  | - |  |  |  | (13,328 | ) |  |  | (465 | )
Loss before income tax |  |  | - |  |  |  | (1,094,524 | ) |  |  | (1,047,315 | )
Income tax (expense) / income |  |  | - |  |  |  | - |  |  |  | - |
(Loss) / profit from discontinued operation |  | $ | - |  |  | $ | (1,094,524 | ) |  | $ | (1,047,315 | )
Disclosures for statement of cash flows The cash flows attributable to the discontinued operation are as follows: SCHEDULE OF DISCONTINUED CASH FLOWS
|  | 2025 |  |  | 2024 |
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Operating activities |  | $ | (8,933 | ) |  | $ | (137,219 | )
Investing activities |  |  | - |  |  |  |  |
Financing activities |  |  | - |  |  |  | 143,736 |
Net cash outflows |  | $ | (8,933 | ) |  | $ | 6,517 |
Disclosure for (loss) / earnings per share SCHEDULE OF EARNINGS PER SHARE
|  | 2025 |  |  | 2024 |
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
(Loss) / earnings per share from discontinued operation attributable to owners of the Company |  |  |  |  |  |  |  |
Basic and diluted |  | $ | 0.01 | * |  | $ | (0.05 | )*
* The calculated amount is not meaningful. The basic and diluted (loss) / earnings per share from discontinued operations are calculated by dividing the profit or loss from discontinued operations, net of tax, attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the year. The weighted average number of ordinary shares used in the calculation is presented in Note 33.

X
- Definition The disclosure of discontinued operations. [Refer: Discontinued operations [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfDiscontinuedOperationsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NotesAndOtherExplanatoryInformationAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration