- mF International reports HK$26.1 million in 2024 revenue, with a gross profit of HK$12.3 million.
- Company's cash position increased to HK$22.0 million, a 223% rise from 2023.
- Strategic developments include successful IPO, new product launches, and a partnership to enhance liquidity network.
mF International Limited (Nasdaq: MFI) has published their 2024 annual report, disclosing notable financial progress and strategic initiatives. The company's cash reserves surged significantly to HK$22.0 million as of December 31, 2024, marking a 223% increase from the HK$6.8 million reported at the end of 2023. This financial boost is largely attributed to a successful initial public offering in April 2024, which generated net proceeds of approximately US$5.7 million.
For the fiscal year 2024, mF International recorded a revenue of HK$26.1 million and a gross profit of HK$12.3 million. The company emphasized the growth and stability of recurring revenue streams, such as white label services, hosting, support, and maintenance. These streams are expected to offer more predictable and stable income.
In early 2025, mF International launched several key products and formed strategic alliances to enhance its market positioning. February 2025 saw the release of an upgraded mobile trading application, "Trader Pro", which is designed for greater customization and branding by brokers. Additionally, in March 2025, mF International entered into a strategic partnership with CBCX Markets to bolster its liquidity network, providing brokerage clients enhanced market access and trading conditions.
Further expanding its technological offerings, the company introduced the "AI-Commentary" suite in April 2025. This advanced analytical tool integrates DeepSeek AI's language models with m-FINANCE’s trading expertise, aiming to equip brokers with actionable market insights and improved operational efficiency.
With these developments, mF International continues its commitment to product innovation and strategic expansion in the Asian market, following a transformative 2024 that included a successful U.S. equity market listing.
The company's detailed annual report can be accessed on the SEC's website and mF International's investor relations site for further insights into their financial health and strategic direction for the upcoming year.
