EatCookJoy. Inc.
A Delaware Corporation · EIN on file
Statement Reference
FS-PL-2024A-2025P · Rev. 17-May-2026
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Prepared in USD · Accrual basis
Reporting unit: $1
FS-PL-2024A-2025P · Rev. 17-May-2026
———
Prepared in USD · Accrual basis
Reporting unit: $1
EatCookJoy, Inc.
Statement of Profit & Loss
For the year ended 31 December 2024 (Actual) and forecast year ending 31 December 2025 (Plan)
Expressed in United States Dollars (USD)
| Particulars | Note | AuditedFY 2024 | % Rev | PlanFY 2025 | % Rev | YoYΔ % |
|---|---|---|---|---|---|---|
| I. Revenue from operations | ||||||
| Service fee revenue | 1 | 105,640 | 58.0 | 580,000 | 58.0 | +449 |
| Reimbursable groceries (pass-through) | 2 | 50,930 | 28.0 | 280,000 | 28.0 | +450 |
| Reimbursable staples (pass-through) | 2 | 10,955 | 6.0 | 60,000 | 6.0 | +448 |
| Sales tax collected on behalf of authorities | 3 | 7,295 | 4.0 | 40,000 | 4.0 | +448 |
| Add-on services and ancillary income | 7,320 | 4.0 | 40,000 | 4.0 | +447 | |
| Total revenue (gross billed) | 182,140 | 100.0 | 1,000,000 | 100.0 | +449 | |
| II. Cost of revenue | ||||||
| Chef contractor fees | 4 | 48,267 | 26.5 | 265,000 | 26.5 | +449 |
| Groceries — cost of goods | 2 | 50,930 | 28.0 | 280,000 | 28.0 | +450 |
| Staples — cost of goods | 2 | 10,955 | 6.0 | 60,000 | 6.0 | +448 |
| Less: pass-through offset | 2 | 39,122 | 21.5 | 215,000 | 21.5 | — |
| Total cost of revenue | 71,030 | 39.0 | 390,000 | 39.0 | +449 | |
| Gross Profit | 111,110 | 61.0 | 610,000 | 61.0 | +449 | |
| III. Operating expenses | ||||||
| Platform & software (incl. infra scaling) | 14,571 | 8.0 | 90,000 | 9.0 | +518 | |
| Marketing & customer acquisition | 21,857 | 12.0 | 150,000 | 15.0 | +586 | |
| Employee benefits expense — General Manager (Austin, TX) | 5 | — | — | 84,000 | 8.4 | n/a |
| Employee benefits expense — Founder / Software Lead | 6 | — | — | — | — | — |
| General & administrative | 18,214 | 10.0 | 50,000 | 5.0 | +175 | |
| Payment processing charges | 5,464 | 3.0 | 30,000 | 3.0 | +449 | |
| Insurance, legal & professional fees | 4,372 | 2.4 | 35,000 | 3.5 | +701 | |
| Office, equipment & technology | 3,279 | 1.8 | 15,000 | 1.5 | +357 | |
| Other operating expenses | 3,279 | 1.8 | 26,000 | 2.6 | +693 | |
| Total operating expenses | 71,036 | 39.0 | 480,000 | 48.0 | +576 | |
| Profit for the year / period | 40,074 | 22.0 | 130,000 | 13.0 | +224 | |
| Memo — imputed founder compensation savings | 6 | ~200,000 | — | ~250,000 | — | +25 |
| Memo — economic value retained (cash net + imputed) | 6 | ~240,000 | — | ~380,000 | — | +58 |
Notes forming part of the Statement of Profit & Loss
- Service fee revenue represents the Company's commission earned on private-chef sessions and weekly meal-prep packages, net of any platform discounts. Revenue is recognised at the point the session is delivered and the booking is confirmed, in accordance with the Company's revenue-recognition policy (ASC 606 equivalent).
- Pass-through line items. Groceries and staples are billed to the customer at cost and disbursed to chefs and suppliers. They are reported gross in revenue and gross in cost of revenue, with an offsetting reconciliation line ("pass-through offset") to neutralise their effect on gross profit. Net effect on profit: nil.
- Sales tax collected is presented on a gross basis as billed-to-client amount, with the corresponding liability settled to the relevant Texas and Delaware tax authorities. The Company acts as agent for collection.
- Chef contractor fees are paid per delivered session under independent-contractor agreements; no employment relationship exists. Fees are recognised as direct cost of revenue.
- General Manager (Austin, TX) — sole employee added in FY 2025 at an annual gross salary of USD 84,000 (USD 7,000 per month). Role scope: operations, chef recruitment and client success. Estimated payroll-tax burden included within G&A.
- Founder & software lead compensation. The founder, who also serves as the principal software-engineering resource, draws no cash salary through the plan period. The arm's-length market-rate equivalent is estimated at USD 200,000 (FY 2024) and USD 250,000 (FY 2025 Plan), retained within the Company as working capital. This is presented for memo purposes only and is not recognised as an expense.
- Basis of preparation. Figures for FY 2024 are derived from QuickBooks Online ledgers and reconciled to the Company's master sessions, bookings and chef rate card. Figures for FY 2025 are management's forecast, prepared on a consistent basis with FY 2024.
- Functional currency. All amounts are expressed in United States Dollars (USD). Rounding to the nearest USD 1 may cause minor sub-total differences.
- Going concern. The Company has positive working capital, positive operating cash flow in FY 2024, and a forecast Net Profit of USD 130,000 for FY 2025. Management is satisfied that the going-concern basis remains appropriate.
- Comparability. No reclassifications have been made between FY 2024 and FY 2025. Definitions of revenue and cost-of-revenue categories are unchanged. The General Manager line is a new FY 2025 addition and is disclosed separately.
Prepared by
Aziz Saif
Business Development — Gulf · EatCookJoy UAE
Reviewed by
Zainab Ghadiyali
Founder & Chief Executive Officer · EatCookJoy Inc.
Date of issue
17 May 2026
Place: Dubai, United Arab Emirates