NFT Limited

What they do

NFT Limited, a Cayman Islands company listed on NYSE American, operates in finance services. It has subsidiaries such as Takung Digital Technology Limited. The company's operations are not detailed in the provided excerpts, but it is involved in finance services. Revenue has been minimal and declining in recent years.

Revenue drivers

• Financial services — The company reports under the Finance Services SIC industry, but no specific product lines or segments are disclosed in the provided excerpts.

Recent performance

In 2025, revenue was $725,781, a slight decrease from $740,701 in 2024. Net income swung from a $6.3 million profit in 2024 to a $1.4 million loss in 2025. Operating cash flow was extremely negative at -$99.3 million in 2025, compared to -$1.3 million in 2024. Total assets were $105.9 million with cash and equivalents of only $2.8 million at year-end 2025.

Strategy

The filing does not provide explicit forward-looking strategy commentary. The company is a shell company per the check mark indication in the 20-F. Management has not disclosed any specific investments or priorities in the provided excerpts.

Risks

• Declining revenue — Annual revenue has fallen from $3.4 million in 2022 to $725,781 in 2025, indicating a shrinking business.
• Cash burn — Operating cash flow was -$99.3 million in 2025, far exceeding revenue and resulting in a low cash balance of $2.8 million.
• Net loss — After a profitable 2023 and 2024, the company returned to a $1.4 million net loss in 2025.
• Shell company status — The company indicates it is a shell company, which may limit operational substance and increase regulatory scrutiny.

Outlook

The excerpts do not contain management's forward-looking statements or outlook. Given the financial trends, the company faces challenges in reversing revenue decline and stabilizing cash flow. No specific guidance was provided.