Company: EUDAW
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001641172-25-006627
Chunk: 37

Company: EUDA Health Holdings Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 5
Chunk 37
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 categories for the years ended December 31, 2024 and 2023, respectively, is summarized below:

                                                        For the years ended                                                                                  
                                                        December 31,                                                                                         
                                                                                                                                      Percentage             
                                                        2024                                    2023                                  Change                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Property management services                          $                        3,921,982      $         3,706,458      215,524                        5.8  
  Holistic wellness consumer products and services                                  89,023                -               89,023                      100.0  
  Total revenue                                         $                        4,011,005      $         3,706,458      304,547                        8.2  

Property
management services

Our
revenue from property management services slightly increased by approximately $0.2 million or 5.8%, to approximately $3.9 million for
the year ended December 31, 2024 from approximately $3.7 million for the year ended December 31, 2023. Property management services revenue
increased mainly due to the increase of property management units that we managed without our security guard services offset by the decrease
of property management units that we managed with our security guard services. The number of properties managed without security guard
service increased from 34 units for the year ended December 31, 2023 to 39 units for the year ended December 31, 2024. The number of
properties managed with security guard services decreased from 15 units for the year ended December 31, 2023 to 13 units for the year
ended December 31, 2024.

Our
percentage of property management services revenue from each property type are summarized as follows:

                              For the Year Ended              For the Year Ended          
                              December 31, 2024               December 31, 2023           
 ──────────────────────────────────────────────────────────────────────────────────────────
  Residential Apartments                              71                              70  
  Commercial Units                                    29                              30  

  25  

Historically,
we provided more property management services in the residential apartments than in the commercial units during the years ended December
31, 2024, and 2023.

Holistic
wellness consumer products and services

In
connection with the acquisition of Fortress Cove in May 2024, we began generating revenue from holistic wellness consumer products