Future FinTech Group Inc. reported its financial results for the second quarter and first half of 2025, revealing a significant increase in revenue and a notable shift in its operational focus. For the three months ended June 30, 2025, the company generated revenue of $605,282, a 125% increase from $268,989 in the same period last year. The six-month revenue also rose to $1,158,259, up 22% from $948,178 in the prior year. The growth was primarily driven by the company's expansion into the fast-moving consumer goods (FMCG) sector, which contributed $387,684 in revenue during the quarter.
Despite the revenue growth, Future FinTech reported a net income of $1,851,780 for the second quarter, a stark contrast to a net loss of $1,799,006 in the same period of 2024. However, the company experienced a substantial loss from continuing operations of $29,093,624 for the first half of 2025, compared to a loss of $4,150,649 in the previous year. This increase in losses was attributed to higher operating expenses, including a significant bad debt provision of $28,762,566, which reflects the company's ongoing challenges in managing receivables.
Operationally, Future FinTech has undergone significant restructuring, including the dissolution of its Variable Interest Entity (VIE) operations in China and the sale of various subsidiaries. The company has exited from its cryptocurrency mining operations and has focused on supply chain financing and trading services. As of June 30, 2025, the company reported total assets of $24,575,059, a decrease from $25,902,938 at the end of 2024, primarily due to the disposal of assets related to discontinued operations.
The company’s strategic shift has also led to a reduction in its workforce, with a focus on enhancing its financial technology services. Future FinTech's employee headcount has been adjusted to align with its new business model, which now includes brokerage and investment banking services in Hong Kong. The company is also exploring geographic expansion opportunities and aims to strengthen its market position in the FMCG sector.
Looking ahead, Future FinTech has expressed a commitment to executing its new business strategy and achieving profitable operations. The company is actively seeking to raise additional capital through equity offerings, with plans to issue up to 15 million shares at a price of $2.00 per share, which could generate gross proceeds of up to $30 million. The management remains cautious about the ongoing market conditions and the potential impact on its operations, emphasizing the need for continued adaptation and strategic planning.
About Future FinTech Group Inc.
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