NFT Ltd

Listed Company

MICIK 0001958713NYSENon-AcceleratedFinance ServicesE9MYFY ends Dec 31

Period

FY 2024

Revenue

$740.7K

Net Income

$6.30M

Total Assets

$86.62M

Equity

$80.90M

Shares Out

5.07M

Op. Cash Flow

$-1.34M

Business

NFT Ltd operates an electronic online platform that enables artists, art dealers and art investors to offer and trade ownership of valuable artwork in the form of non-fungible tokens (NFTs). The company offers online listing and trading services, NFT consulting, membership services, trading commissions, advertising, and is exploring NFT gaming including in-game character NFTs and membership packs. Key business units include subsidiaries Takung Digital, Takung Exchange and Metaverse HK that provide technical, exchange and digital payment support. The company distributes services via its website and all-electronic trading platform, hosted on third-party servers, serving creators, dealers and investors across Hong Kong, the U.S. and international markets.

Summary from filing dated 2025-04-30

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Revenue	725,781	740,701	2
Cost of revenue	192,048	192,048	556,590
Gross profit	533,733	548,653	2
Operating expenses	—	—	—
General and administrative expenses - continuing operations	2	1	2
General and administrative expenses - discontinued operations	—	—	21,946
Total operating expenses - continuing operations	2	1	2
Total operating expenses - discontinued operations	—	—	21,946
Loss from continuing operations	−1	−906,266	−876,675
Other income and expenses:	—	—	—
Interest income and bank charges	−2,432	227,468	1
Interest expenses	269,444	—	—
Sundry income	—	649	—
Gain/(Loss) on change of fair value of warrant liabilities	—	−7	2
Other income and expense	—	—	—
Other (expenses)/income - continuing operations	−271,876	7	−733,372
Other (expenses)/income - discontinued operations	—	—	—
Total other (expenses) income	−271,876	7	−733,372
Profit/(Loss) before income taxes from continuing operations	−1	6	−2
Income tax (expenses)/credit-Continuing operations	15,598	−335,748	94,947
Net (loss)/profit from continuing operations	−1	6	−2
Gain on disposal of subsidiaries	—	—	7
Loss from discontinued operations	—	—	−21,946
Income tax expense	—	—	—
Net profit from discontinued operations	—	—	7
Net (loss)/profit	−1	6	5
Foreign currency translation adjustment	—	—	−9,858
Comprehensive (loss)/income	−1	6	5
(Loss) Earnings from continuing operations per share of common stock – basic (in Dollars per share)	−0.16	1.53	−2.61
(Loss) Earnings from continuing operations per share of common stock – diluted (in Dollars per share)	−0.16	1.53	−1.37
Earnings from discontinued operations per share of common stock – basic (in Dollars per share)	0	0	10.56
Earnings from discontinued operations per share of common stock – diluted (in Dollars per share)	0	0	5.56
Weighted average number of common stock outstanding – basic (in Shares)	9	4	654,419
Weighted average number of common stock outstanding – diluted (in Shares)	9	4	1

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Current assets	—	—
Cash and cash equivalents	3	82
Restricted cash	4	4
Prepayment and other current assets, net	99	—
Total current assets	106	87
Non-current assets	—	—
Non-marketable investment, net	—	—
Total non-current assets	—	—
Total assets	106	87
Current liabilities	—	—
Accrued expenses and other payables	2	1
Advance from customers	4	4
Tax payable	30,451	15,004
Total current liabilities	6	6
Total liabilities	6	6
COMMITMENTS AND CONTINGENCIES	—	—
SHAREHOLDERS’ EQUITY	—	—
Common stock (90,000,000 Class A shares authorized; $0.005 par value; 14,318,410 shares issued and outstanding as of December 31, 2025; 5,065,150 shares issued and outstanding as of December 31, 2024)	71,592	25,326
Additional paid-in capital	130	110
Accumulated deficit	−30	−29
Total shareholders’ equity	100	81
Total liabilities and shareholders’ equity	106	87

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31	Dec 31, 2023 2023-12-31
Cash flows from operating activities:	—	—	—
Net (loss)/profit from continuing operations	−1	6	−2
Net profit from discontinued operations	—	—	7
Adjustments to reconcile net profit/(loss) to net cash used in operating activities:	—	—	—
Interest expense	269,444	—	—
Bad debt expenses	—	5,557	—
(Gain)/Loss on change of fair value of warrant liability	—	−7	2
Changes in operating assets and liabilities (decrease)/increase in - continuing operations:	—	—	—
Other current assets	—	−390,705	656,373
Loan receivables	—	−800,000	800,000
Prepayment	99	—	—
Accrued expenses and other payables	420,313	−2	−334,692
Advances from customer	34,967	45,173	2
Net changes in operating assets and liabilities (decrease)/increase - discontinued operations	—	—	−7
Net cash used in operating activities-continuing operations	−99	−1	−158,778
Net cash used in operating activities-discontinued operations	—	—	−158,173
Net cash used in operating activities	−99	−1	−316,951
Cash flows from investing activities:	—	—	—
Disposal of subsidiaries, net of cash	—	—	−265,668
Net cash provided by investing activities-continuing operations	—	—	265,668
Net cash provided by investing activities-discontinued operations	—	—	61,376
Net Cash provided by investing activities	—	—	327,044
Cash flows from financing activities:	—	—	—
Repayment to a short-term borrowing from a third party, net	—	—	−2
Proceeds from a private placement	—	22	—
Proceeds from issuance of convertible note	20	—	—
Payment for offering costs	122,500	—	—
Net cash provided by/(used in) financing activities-continuing operations	20	22	−2
Net cash provided by financing activities-discontinued operations	—	—	—
Net cash provided by/(used in) financing activities	20	22	−2
Net change in cash and cash equivalents, and restricted cash from continuing operations	−79	21	−1
Net change in cash and cash equivalents, and restricted cash from discontinued operations	—	—	−96,797
Net change in cash and cash equivalents, and restricted cash	−79	21	−2
Total cash and cash equivalents -continuing operations	—	—	—
Cash and cash equivalents, and restricted cash ending balance from discontinued operations	—	—	—
Total cash, cash equivalents, and restricted cash	—	—	—
Total cash and cash equivalents -continuing operations	—	—	—
Cash and cash equivalents, and restricted cash ending balance from discontinued operations	—	—	—
Total cash, cash equivalents, and restricted cash	—	—	—
Reclassification between continuing operations and discontinued operations	—	—	—
Cash flow reclassification - continuing operations	—	—	—
Cash flow reclassification - discontinued operations	—	—	—
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets	—	—	—
Cash and cash equivalents-continuing operations	—	—	—
Restricted cash-continuing operations	—	—	—
Total cash and cash equivalents -continuing operations	—	—	—
Cash and cash equivalents-discontinued operations	—	—	—
Restricted cash – discontinued operations	—	—	—
Total cash, cash equivalents, and restricted cash	—	—	—
Supplemental cash flows information:	—	—	—
Cash paid for tax	176	150	61,428
Cash received from interest-continuing operations	—	227,468	1
Warrants Exercised Cashless (in Shares)	38	—	—

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