Epsium Enterprise (EPSM)
Macau wholesaler of premium baijiu, wine and spirits.
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Imports and wholesales premium baijiu, cognac, Scotch whisky, wine and other beverages to Macau businesses, earning a spread on procurement and B2B wholesale or consignment sales. Operations are concentrated in Macau and conducted through a holding-company structure.
Imports and wholesales premium baijiu, cognac, Scotch whisky, wine, Champagne and other beverages to business customers across Macau. The operating business, Luz, purchases inventory and earns the spread between procurement and wholesale or consignment sales rather than manufacturing the brands it distributes.
Serves supermarkets, restaurants, hotels, casinos and other retailers through a locally concentrated network. Chinese liquor is the largest product category, alongside labels such as Moutai, Rémy Martin and Macallan; tea and fruit juice are complementary offerings.
Depends on Macau tourism and gaming activity, premium-brand demand, and relationships with hotel-casino customers and suppliers. Public shareholders own a BVI holding company whose operating business sits in majority-owned Hong Kong and Macau subsidiaries.
Company facts
No analyst consensus on record.
Not reported.
Balance sheet, Dec 31, 2025Cash & short-term investments $2.0M · Total debt $196.0K · Total assets $13.3M · Shareholders' equity $11.5M
- Revenue
- $2.1M
- Operating income
- −$804.3K
- Net income
- −$797.2K
No dividends on record.
| Institutions | 1.08% | 144.8K shares | |
|---|---|---|---|
| 7 holders · as of Jun 30, 2026 | |||
| Insiders | 160.64% | 21.56M shares | |
| 1 holder · as of Mar 31, 2026 | |||
| Adds to | 161.72% | ||
13.42M company shares as of Aug 30, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 161.72%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Son I. Tam1Insiderdirector, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | 160.64% | 10.79M · 10.77M | filed Mar 31, 2026 |
HRT Financial LPInstitution | 0.67% | 90,354 | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 0.31% | 40,979 | as of Jun 30, 2026 |
XTX Topco LtdInstitution | 0.10% | 12,901 | as of Jun 30, 2026 |
Morgan StanleyInstitution | 0.00% | 251 | as of Jun 30, 2026 |
- Son I. Tam's transaction reports restate only vehicles that traded; the 2026 ownership statement (10.79M) is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
- Diageo (ADR)
Premium Scotch and luxury drinks in Macau hospitality and retail.
- Moelis & Company
Luxury cognac, Champagne and whisky in Macau hospitality and retail.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Epsium Enterprise | $1.31 | +4.86% | $16.8M | — | — | 3.3 | — |
| Diageo (ADR) | $87.43 | +0.70% | $48.26B | 27.8 | — | 2.5 | −1.7% |
| Moelis & Company | $59.60 | −1.59% | $4.49B | 21.1 | 17.0 | 2.9 | +12.1% |
| Median | 24.5 | 17.0 | 2.7 | +5.2% |