Nocera, Inc. reported a significant decline in financial performance for the fiscal year ended December 31, 2025, with net sales of approximately $13.63 million, down from $17.01 million in 2024. The company incurred a net loss of $2.88 million, compared to a loss of $4.49 million in the previous year. This improvement in net loss was attributed to a reduction in operating expenses, which decreased from $5.28 million in 2024 to $2.84 million in 2025, primarily due to the absence of a goodwill impairment charge that had impacted the previous year’s results.
The company underwent strategic changes during the fiscal year, including the sale of its catering segment, Meixin, which was completed on December 31, 2025. This divestiture was part of a broader strategy to focus on its core operations in fish trading and e-commerce. Additionally, Nocera made substantial equity investments in two e-commerce companies, one in the United States and another in France, as part of its growth strategy. The company also initiated a corporate treasury strategy, allocating $2 million to purchase Bitcoin, which reflects a shift in its asset management approach.
Operationally, Nocera's fish trading segment generated approximately $10.85 million in revenue, while the e-commerce segment contributed around $160,025. The company reported a gross profit of $172,677, down from $334,261 in 2024, indicating challenges in maintaining profitability amidst declining sales. As of December 31, 2025, Nocera had a total of 20 employees, including 17 full-time staff, and reported an accumulated deficit of $26.19 million.
Looking ahead, Nocera faces challenges related to its Nasdaq listing, as it received a deficiency letter on February 2, 2026, indicating that its stock price had fallen below the required minimum of $1.00 per share. The company has a compliance period until August 3, 2026, to regain compliance. Management is actively exploring options to address this issue, including potential capital raises and operational adjustments. The company’s ability to continue as a going concern remains uncertain, as it has incurred operating losses and negative cash flows, necessitating ongoing efforts to secure financing and improve operational efficiency.
About NOCERA, INC.
Nocera, Inc. designs and produces recirculating aquaculture systems (RAS) for land-based fish farms, offering consulting, technology transfer, and project management services globally. Its systems enable environmentally friendly, space-efficient seafood production, primarily focusing on fish like eel. The company targets international markets, emphasizing sustainable aquaculture solutions to address rising global seafood demand and reduce environmental impact.
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