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mF International Ltd
CIK 1940941Updated Sep 26, 2026
SecurityMFI · NASDAQ · equity
MFI price & chart
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NASDAQ:MFI on TradingView ↗In the news
mF International Limited Filed 2025 Annual Report on Form 20-F ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 518,893,237Source | 7,506,134Source | 4,333,919Source | 34,540,203Source |
| Property, Plant and Equipment, NetUSD | 36,838Source | 51,895Source | 4,674Source | 123,305Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,858Source | 2,418,626Source | 1,963,486Source | 13,564,772Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 28,703,513Source | 2,530,966Source | 871,912Source | 12,063,731Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 28,830Source | 144,259Source | 330,240Source | 1,133,370Source |
| Assets, CurrentUSD | 518,258,923Source | 4,377,765Source | 1,293,691Source | 15,522,433Source |
| Prepaid Expense and Other Assets, CurrentUSD | 827,626Source | 1,357,025Source | 47,516Source | 346,064Source |
| Operating Lease, Right-of-Use AssetUSD | 560,607Source | 201,336Source | 378,639Source | 1,730,717Source |
| Other Assets, NoncurrentUSD | — | 3,125Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,383,078Source | 2,882,814Source | 2,830,452Source | 24,114,305Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 500Source | 500Source | 500Source | 3,900Source |
| Additional Paid in CapitalUSD | 506,802,677Source | 5,950,729Source | 261,478Source | 2,042,379Source |
| Retained Earnings (Accumulated Deficit)USD | 8,776,772Source | -1,350,016Source | 1,251,910Source | 8,478,877Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -69,790Source | 22,107Source | -10,421Source | -99,258Source |
| Stockholders' Equity Attributable to ParentUSD | 515,510,159Source | 4,623,320Source | 1,503,467Source | 10,425,898Source |
| Liabilities and EquityUSD | 518,893,237Source | 7,506,134Source | 4,333,919Source | 34,540,203Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 3,153,912Source | 2,194,024Source | 1,559,643Source | 11,904,112Source |
| Operating Lease, Liability, CurrentUSD | — | 185,469Source | 178,318Source | 1,624,066Source |
| Operating Lease, Liability, NoncurrentUSD | — | 15,867Source | 201,040Source | 138,289Source |
| Deferred Income Tax Liabilities, NetUSD | 3,592Source | 395,833Source | 293,558Source | 2,152,668Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | 37,769Source | 542,953Source |
| Deferred Tax Liabilities, NetUSD | 3,592Source | 395,833Source | 293,558Source | 2,152,668Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | — | 516,504Source | 494,674Source | 3,701,162Source |
| Long-term Debt, Excluding Current MaturitiesHKD | 0Source | 263,609Source | 776,211Source | 9,919,236Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -117,911Source | -86,116Source | 312,912Source | 949,239Source |
| Deferred Income Tax Expense (Benefit)USD | -391,448Source | 100,642Source | 19,739Source | 158,490Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -2,039,097Source | -2,816,473Source | 1,449,871Source | 13,496,487Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 175,763Source | -1,085,329Source | -727,924Source | -2,125,093Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 19,484Source | 59,667Source | 6,165Source | 41,721Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 27,800,150Source | 5,825,558Source | -1,393,858Source | -9,403,066Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 25,876,976Source | 1,955,452Source | -672,562Source | 1,982,148Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 28,703,513Source | 2,832,213Source | 871,912Source | 1,544,474Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 36,980Source | 41,851Source | 61,916Source | 451,403Source |
| Income Taxes Paid, NetHKD | 0Source | 15,972Source | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -59,840Source | 31,696Source | -651Source | 13,820Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 875,344Source | 581,441Source | 705,958Source | 6,160,391Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | 112,216Source | — | — | — |
| DepreciationUSD | 34,436Source | 12,472Source | 17,277Source | 222,173Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -359,169Source | — | — | — |
| Gain (Loss) on InvestmentsUSD | -177,689Source | — | — | — |
| General and Administrative ExpenseUSD | 4,835,431Source | 3,516,844Source | 1,422,492Source | 10,634,851Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 1,829,887Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedHKD | — | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | -390,648Source | 100,642Source | 18,987Source | 387,845Source |
| InterestExpenseNonoperatingUSD | -32,887Source | -13,022Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 10,117,135Source | -2,601,926Source | 848,670Source | 6,818,599Source |
| Nonoperating Income (Expense)USD | 41,317Source | -7,466Source | 12,158Source | -336,027Source |
| Operating ExpensesUSD | 7,530,002Source | 4,077,581Source | 1,444,557Source | 10,876,654Source |
| Operating Lease, ExpenseUSD | 13,151Source | 11,561Source | 4,548Source | 93,435Source |
| Other Nonoperating Income (Expense)USD | 8,430Source | -20,488Source | — | — |
| Payments to Acquire InvestmentsHKD | — | — | — | 156,000Source |
| Proceeds from Issuance of Common StockUSD | 18,611,350Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 4,345,609Source | 3,358,178Source | — | 34,931,827Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -6,242,962Source | -2,493,818Source | 855,499Source | 7,542,471Source |
| Other Nonoperating Income (Expense)USD | 8,430Source | -20,488Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 9,726,487Source | -2,501,284Source | 867,657Source | 7,206,444Source |
| Income Tax Expense (Benefit)USD | -390,648Source | 100,642Source | 18,987Source | 387,845Source |
| Net Income (Loss) Attributable to ParentUSD | 10,117,135Source | -2,601,926Source | 848,670Source | 6,818,599Source |
| Earnings Per Share, BasicUSD per share | — | -0.2Source | 0.07Source | 0.59Source |
| Earnings Per Share, DilutedUSD per share | — | -0.2Source | 0.07Source | 0.59Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,644,417Source | 12,726,553Source | 11,585,000Source | 11,585,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,806,608Source | 12,726,553Source | 11,585,000Source | 11,585,000Source |
| Interest Expense (non-operating)USD | -32,887Source | -13,022Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 875,344Source | 581,441Source | 705,958Source | 6,160,391Source |
| CryptoAssetRealizedGainLossNonoperatingUSD | 112,216Source | — | — | — |
| Current Income Tax Expense (Benefit)USD | 800Source | — | -752Source | 229,355Source |
| Gain (Loss) on InvestmentsUSD | -177,689Source | — | — | — |
| General and Administrative ExpenseUSD | 4,835,431Source | 3,516,844Source | 1,422,492Source | 10,634,851Source |
| Gross ProfitUSD | 1,287,040Source | 1,583,763Source | 2,300,056Source | 18,419,125Source |
| Interest ExpenseUSD | — | — | 45,194Source | 443,577Source |
| Interest Expense, DebtUSD | 20,279Source | 41,851Source | 61,916Source | 443,577Source |
| Investment Income, NetUSD | 566,212Source | — | — | — |
| Nonoperating Income (Expense)USD | 41,317Source | -7,466Source | 12,158Source | -336,027Source |
| Operating ExpensesUSD | 7,530,002Source | 4,077,581Source | 1,444,557Source | 10,876,654Source |
| Operating Lease, ExpenseUSD | 13,151Source | 11,561Source | 4,548Source | 93,435Source |
| Other IncomeHKD | 0Source | — | 4,386Source | 734,059Source |
| Research and Development ExpenseUSD | 5,906Source | 22,247Source | 1,456Source | 80,012Source |
| Selling and Marketing ExpenseUSD | 858,778Source | 538,490Source | 20,609Source | 161,791Source |