Future FinTech Group Inc. FTFT
under the laws of the State of Florida. The Company historically engaged in the production and sale of fruit juice concentrates (including
fruit purees and fruit juices), fruit beverages (including fruit juice beverages and fruit cider beverages) in the PRC. Due to drastically
increased production costs and tightened environmental laws in China, the Company had transformed its business from fruit juice manufacturing
and distribution to financial technology related service businesses. The main business of the Company included supply chain financing
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.8M | $2.1M | $21.7M | $23.9M | $25.1M | $368.7K | $941.1K | $888.7K | $10.5M | $34.4M |
| Cost of revenue | $3.4M | $876.5K | $20.6M | — | $23.2M | $35.0K | $491.1K | $975.0K | $8.7M | $25.2M |
| Gross profit | $408.3K | $1.2M | $1.1M | $5.4M | $1.8M | $333.7K | $450.0K | -$86.4K | $1.7M | $9.2M |
| R&D | — | $312.9K | $340.4K | $2.7M | $698.1K | — | — | — | — | — |
| SG&A | $4.3M | $4.7M | $7.2M | $14.2M | $57.6K | $1.5K | $1.7M | $11.9M | $10.4M | $5.0M |
| Total operating expenses | $34.4M | $34.1M | $24.7M | $22.2M | $15.0M | $15.4M | $8.0M | $190.4M | $100.8M | $6.9M |
| Operating income | -$34.0M | -$32.9M | -$23.6M | -$16.8M | -$13.2M | -$15.0M | -$7.6M | -$190.5M | -$99.1M | $2.2M |
| Interest expense | $128.2K | $107.7K | $892 | $1.3M | $277.3K | $464 | $3.9K | — | — | $1.7M |
| Pre-tax income | -$30.9M | -$33.7M | -$32.8M | -$13.5M | -$11.7M | -$30.3M | -$11.1M | -$189.8M | -$102.0M | $968.1K |
| Income tax | — | — | — | $456.6K | $73.4K | — | — | $237 | $266.1K | $1.6M |
| Net income | -$4.6M | -$33.0M | -$33.7M | -$13.6M | -$14.2M | -$88.9M | -$27.1M | -$170.0M | -$102.6M | -$5.3M |
| EPS, basic | -2.31 | -62.99 | -2.28 | -0.95 | — | — | -0.79 | -7.85 | -21.11 | -1.41 |
| EPS, diluted | -2.31 | -63.00 | -2.27 | -0.95 | -1.00 | 2.33 | -0.80 | -7.74 | -18.34 | -1.41 |
| Shares, diluted (wtd. avg.) | $2.0M | $524.3K | $14.8M | $14.5M | $13.6M | $43.1M | $32.0M | $22.0M | $5.6M | $3.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.4M | $4.8M | $16.1M | $27.6M | $50.3M | $9.4M | $526.8K | $19.7K | $4.6M | $1.1M |
| Short-term investments | $1.4K | $1.4K | $959.0K | $988.1K | $2.2M | — | — | — | — | — |
| Receivables | $605.2K | $2.1M | $4.4M | $7.8M | $9.1M | — | $5.0K | $73.2K | $17.2M | $7.3M |
| Inventory | — | — | — | $518.1K | $76.1K | — | $3.6K | $63.0K | $2.1M | $3.0M |
| Total current assets | $50.8M | $30.3M | $54.5M | $65.3M | $72.7M | $15.6M | $100.3M | $24.2M | $62.0M | $101.6M |
| Property, plant and equipment | $149.9K | $238.2K | $2.8M | $4.2M | $3.2M | $2.7K | $17.9K | $2.3M | $28.1M | $81.5M |
| Goodwill | — | — | — | $14.0M | $15.6M | — | — | — | — | — |
| Other intangibles | $475.5K | $532.8K | $589.0K | $518.1K | $76.1K | $41.2K | $40.9K | $21.4M | $33.1M | — |
| Total assets | $53.3M | $35.5M | $60.9M | $85.0M | $91.7M | $15.9M | $116.0M | $62.9M | $190.7M | $261.7M |
| Accounts payable | $3.3M | $2.2M | $3.3M | $3.6M | $79 | $76 | $248.9K | $11.1M | $11.3M | $16.6M |
| Short-term debt | — | — | — | — | $1.0M | — | — | — | — | — |
| Total current liabilities | $8.2M | $22.7M | $17.7M | $18.6M | $7.2M | $6.9M | $203.2M | $117.2M | $118.0M | $77.0M |
| Long-term debt | — | — | — | — | $188.2K | — | — | $32.5M | $22.3M | — |
| Total liabilities | $9.3M | $22.9M | $18.5M | $19.3M | $10.8M | $7.2M | $204.1M | $149.6M | $157.7M | $91.5M |
| Retained earnings | -$223.5M | -$218.9M | -$185.9M | -$152.3M | -$138.6M | -$124.4M | -$213.3M | -$188.1M | -$2.3M | $100.2M |
| Total equity | $44.0M | $14.5M | $44.0M | $65.7M | $80.9M | $8.7M | -$88.1M | -$86.7M | $32.9M | $170.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$31.8M | -$20.4M | -$14.6M | -$2.4M | -$18.7M | -$5.2M | -$5.9M | -$4.9M | $23.7M | -$34.4M |
| Depreciation and amortisation | $95.6K | $116.0K | $201.4K | $185.2K | $57.6K | $0 | $0 | — | — | — |
| Stock-based compensation | $1.1M | $671.0K | $3.5M | $2.2M | $6.4M | $7.1M | $703.3K | — | — | — |
| Capital expenditure | $3.7K | $34.1K | $65.7K | — | — | $3.0K | $5.0K | — | — | $8.7M |
| Investing cash flow | -$29.0M | -$1.7M | $8.8M | -$14.2M | -$11.2M | -$2.9K | -$48.0K | — | — | -$21.0M |
| Financing cash flow | $31.8M | $2.5M | -$2.4M | -$251.7K | $69.3M | $16.4M | $3.2M | $156.0K | -$19.9M | -$24.1M |
| Dividends paid | — | — | — | — | $60.0K | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-030833.
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