FTFTNasdaqServices-Business Services, NECUS GAAP · USD

Future FinTech Group Inc.

Future FinTech Group Inc. is a Florida-based holding company that has shifted away from its original fruit juice business into a mix of supply chain financing/trading and financial services. Today, its operating footprint is centered on bulk commodity trading and financing in China-linked markets, brokerage and investment banking in Hong Kong, and a reduced set of legacy or exited businesses.

Revenue3.8m USD
+81.1 %y/y
Operating profit (EBIT)-34.0m USD
−3.4 %y/y
EBIT margin-888.0%
+667.3 ppy/y
Net income-4.6m USD
+86.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-40-2002040m USD2020: 0.37 m USD2020: EBIT -15 m USD20202021: 25 m USD2021: EBIT -13 m USD20212022: 24 m USD2022: EBIT -17 m USD20222023: 35 m USD2023: EBIT -24 m USD20232024: 2.1 m USD2024: EBIT -33 m USD20242025: 3.8 m USD2025: EBIT -34 m USD20253.8-34
RevenueOperating profit (EBIT)

Business

Share of revenue
Supply chain financing and trading70 %

Financing and execution services tied to commodity circulation, receivables, payables and working capital.

Commodity trading services20 %

Agent and principal trading in coal, aluminum ingots, sand and steel, depending on control of goods.

Brokerage and investment banking8 %

Hong Kong securities trading, futures trading and securities consulting through licensed subsidiaries.

Other and legacy services2 %

Residual consulting, bond-related and discontinued activities from prior business lines.

Products

Reported · share of revenue
85.1%14.9%FY2025100 %
  • Sales of Fastmoving Consumer Goods85.1 %
  • Provision of Trading Commission and Consulting Service14.9 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

The company serves industrial customers and trading counterparties that need working capital, commodity execution and logistics-linked financing. Its disclosed focus is on large state-owned or listed enterprises, plus suppliers and buyers with strong credit and reputation. In Hong Kong, it also serves brokerage and investment banking clients through its licensed securities subsidiary.

Industrial commodity customers

Buy bulk commodities and related execution/financing services to secure supply and working capital.

Large state-owned and listed enterprises

Use the company for lower-risk trade execution and financing around receivables and payables.

Suppliers and trading counterparties

Sell goods into the platform and use the company for logistics, title transfer and settlement support.

Hong Kong brokerage clients

Trade securities and futures or seek securities consulting through the licensed Hong Kong subsidiary.

Investment banking clients

Use advisory and capital markets services in Hong Kong for financing and transaction support.

Strategy

Management is shrinking the legacy portfolio and concentrating on businesses that can be tied to identifiable assets, counterparties and regulated licenses. The company is also trying to improve liquidity by using convertible notes, equity issuance and selective asset disposals while rebuilding around supply chain finance and Hong Kong financial services.

Concentrate on supply chain financing/tradingShort term

This is the clearest remaining operating business and links financing to commodity flow and collateral.

Rebuild Hong Kong financial servicesMedium term

Licensed brokerage and investment banking can provide a more regulated revenue base than legacy ventures.

Exit or dispose of non-core assetsShort term

Disposals simplify the structure and reduce operating drag from underperforming or discontinued units.

Geography

Future FinTech is legally based in Florida, but most of its operating history and current business activity has been outside the United States. The company states it has had significant operations in China and Hong Kong, while also noting prior activities in the United Kingdom and the United States. Recent disclosures show a deliberate exit from several non-core geographies and businesses, leaving a smaller and more concentrated operating base.

Risks

The business remains exposed to counterparty credit risk, commodity price volatility and execution risk because revenue depends on trading counterparties and whether the company takes control of goods. It also faces liquidity pressure and dilution risk because operations are financed mainly through convertible notes and equity issuance, while losses and bad debt provisions have been significant. Regulatory and jurisdictional complexity across the U.S., China, Hong Kong and the U.K. adds additional operational and compliance risk.

Sorted by severity
Counterparty credit riskHigh

The company relies on industrial customers, suppliers and receivables financing, so defaults can quickly hit earnings.

ExposureTrade receivablesRelated-party receivablesFinancing assets
Commodity trading and inventory riskHigh

Revenue changes depending on whether the company acts as principal or agent and on commodity price movements.

ExposureCoalAluminum ingotsSandSteel transactions
Liquidity and dilution riskHigh

The company funds operations primarily through convertible notes and equity sales, which can pressure shareholders.

ExposureCash burnFinancing needsShare count expansion
Regulatory and jurisdictional riskMedium

Operations span the U.S., Hong Kong and historically China and the U.K., each with different rules and oversight.

ExposureSFC licensingCross-border tradingHolding-company structure
Business model transition riskMedium

The company has repeatedly exited or reduced businesses, making execution and continuity harder to predict.

ExposureLegacy disposalsDiscontinued operationsRestructuring

Accounting

Judgemental items
Principal versus agent revenue recognition

The company recognizes gross sales when it controls goods and net fees when it acts as agent, changing reported revenue materially.

Impact: Affects revenue, gross margin and comparability across periods

Allowance for credit losses and doubtful accounts

Receivables and related-party balances can require large provisions when collectability weakens.

Impact: Can materially reduce operating profit and net income

Discontinued operations and disposal gains

Recent exits and transfers created large one-time gains that can obscure core performance.

Impact: Distorts earnings trend and cash flow interpretation

Fair value and restructuring-related estimates

Asset disposals, debt restructuring and acquisition prepayments require valuation judgments.

Impact: Can affect gain/loss recognition and balance sheet carrying values

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Future FinTech Group Inc. (FTFT) Revenue, Earnings & Financials 2025 – Clarifo