Plutus Financial Group Ltd

Listed Company

PLUTCIK 0001933021NasdaqNon-AcceleratedEmerging GrowthSecurity & Commodity Brokers, Dealers, Exchanges & ServicesE9KYFY ends Dec 31

Period

FY 2024

Revenue

$1.25M

Net Income

$-710.0K

Total Assets

$9.23M

Equity

$7.11M

Shares Out

12.00M

Op. Cash Flow

$-1.04M

Business

Plutus Financial Group Ltd provides financial services through its Hong Kong operating subsidiaries. It offers securities dealing and brokerage, margin financing, underwriting and placing services, professional asset management, discretionary portfolio management, fixed income and mortgage-backed funds, and investment advisory services. Its key business divisions are Plutus Securities (Type 1 licensed broker and HKEx participant) and Plutus Asset Management (Type 4 and Type 9 licensed asset manager and fund manager). The company serves listed companies, private and high-net-worth clients and retail investors primarily in Hong Kong via online/mobile trading, account executives and institutional channels.

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
Revenues:	—	—	—
Magic Town Investments Limited	10	10	22
Expenses:	—	—	—
Total Costs and Expenses	13	9	8
Other Expense	2	3	2
Marketing Expense	4	608,000	2
Operating Lease Expense	1	1	1
Non-Operating Income (Expense)	16	2	2
Provision for Doubtful Accounts (CF)	2	−1	11
Selling, General and Administrative Expense	6	3	3
Total expenses	44	17	29
Loss from operations	−33	−7	−7
Share of losses of associate	43,000	—	—
Impairment of investment under equity method	4	—	—
Other income:	—	—	—
Government subsidies	—	103,000	—
Other Income	989,000	493,000	207,000
Total other income	989,000	596,000	207,000
Loss before income taxes	−36	−7	−7
Interest Income	3	−1	−1
Net loss and total comprehensive loss	−39	−6	−6
Earnings Per Share	—	—	—
Earnings Per Share (Basic)	−2.71	−0.46	−0.5
Earnings Per Share (Diluted)	−2.71	−0.46	−0.5
Basic	15	12	12
Diluted	15	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
Assets	—	—
Current assets:	—	—
Cash and Cash Equivalents	13	31
Cash segregated for regulatory purpose	20	10
Accounts Receivable	60	16
Receivables from:	—	—
Accounts Receivable	330,000	510,000
Broker-dealers, net of allowance of HKD9,000 and HKD9,000 as of December 31, 2024 and 2025, respectively	142,000	267,000
Clearing organization, net of allowance of nil and nil as of December 31, 2024 and 2025	387,000	696,000
Other Non-Operating Current Assets	16	5
Other Non-Operating Current Assets	59,000	408,000
Income tax recoverable	521,000	692,000
Total current assets	111	65
Non-current assets:	—	—
Property, Plant and Equipment	560,000	966,000
Operating Lease Right-of-Use Asset	1	2
Intangible Assets	4	600,000
Deferred Tax Assets, Non-Current	—	3
Investments	3	—
Other Non-Current Assets	475,000	447,000
Total non-current assets	8	7
TOTAL ASSETS	119	72
Liabilities and shareholders’ equity	—	—
Current liabilities:	—	—
Payables to:	—	—
Accounts Payable	21	10
Clearing organizations	35,000	25,000
Other Non-Operating Current Liabilities	4	3
Other Non-Operating Current Liabilities	909,000	1
Operating Lease Liability, Current	1	1
Amount due to related party	12	6
Total current liabilities	32	16
Non-current liabilities:	—	—
Operating Lease Liability, Non-Current	—	994,000
Total non-current liabilities	—	994,000
TOTAL LIABILITIES	32	17
COMMITMENTS AND CONTINGENCIES	—	—
Shareholders’ equity	—	—
Preferred shares US$0.0001 par value per share; 3,000,000 authorized; nil and nil share issued and outstanding as of December 31, 2024 and 2025 Ordinary shares US$0.0001 par value per share; 300,000,000 authorized; 12,000,000 and 15,350,000 shares issued and outstanding as of December 31, 2024 and 2025	12,000	9,000
Additional Paid-In Capital	134	63
Retained Earnings	−47	−8
Total shareholders’ equity	87	55
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	119	72

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 income loss	−39	−6	−6
Adjustment:	—	—	—
Depreciation Expense	2	350,000	8,000
Gain on bargain purchase	—	—	—
Share of losses of associate	43,000	—	—
Net Income Attributable to Noncontrolling Interest	4	—	—
Provision for (reversal of) allowance for expected credit losses, net	2	−1	11
Changes in operating assets and liabilities:	—	—	—
Loans to customers	−46	20	11
Receivables from customers and broker-dealers	−614,000	−11	8
Prepaid expenses and other current assets	16	−248,000	26,000
Net Cash from Operating Activities	171,000	−692,000	—
Deferred tax assets	3	−982,000	−2
Refundable deposits	28,000	218,000	—
Payables to customers and clearing organizations	10	−31	6
Accruals and other current liabilities	817,000	1	−831,000
Change in Accrued Liabilities	−418,000	42,000	−2
Net Cash from Operating Activities	−1	—	—
Income taxes payable	—	1	−664,000
Cash generated from (used in) operating activities	−80	−8	10
Cash flows from investing activities	—	—	—
Net Cash from Investing Activities	—	—	—
Advance to related parties	25,000	—	—
Repayment from related parties	375,000	—	—
Purchase of property, plant and equipment	37,000	—	—
Purchase of intangible asset	3	—	—
Purchase of investment under equity method	7	1	19,000
Cash used in investing activities	−10	−1	−19,000
Cash flows from financing activities	—	—	—
Loan from related parties	6	—	—
Deferred IPO cost	—	1	161,000
Net Cash from Financing Activities	60	—	—
Proceed from private offering	16	—	—
Net Cash from Financing Activities	—	494,000	−7
Cash (used in) generated from financing activities	82	−558,000	−7
Net change in cash, cash equivalents and cash segregated for regulatory purpose	−7	−10	3
Cash and cash equivalents and cash segregated for regulatory purpose at the end of the year	—	—	—
Cash and cash equivalents and cash segregated for regulatory purpose at the end of the year	—	—	—
Supplementary cash flows information	—	—	—
Income Tax Expense	−171,000	−2	−69,000
Supplemental schedule of non-cash investing and financing activities:	—	—	—
Dividends made through reduction in amount due from the shareholder	—	—	−13
Initial recognition of lease obligations related to right-of-use assets	—	2	—
Reconciliation to amounts on consolidated balance sheets:	—	—	—
Cash and cash equivalents	—	—	—
Cash segregated for regulatory purpose	—	—	—
Total cash, cash equivalents and cash segregated for regulatory purpose	—	—	—

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