mF International Limited filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, on April 23, 2025. The report detailed revenue of HK$26.1 million and a gross profit of HK$12.3 million for the fiscal year.
The company reported a net loss of $20.21 million for fiscal year 2024, with revenue decreasing by 18% from fiscal year 2023. This resulted in a HK$1.59 loss per share for 2024, compared to a HK$0.57 profit per share in fiscal year 2023.
Despite the operational losses, the company's cash position significantly strengthened to HK$22.0 million as of December 31, 2024, up from HK$6.8 million at the end of 2023. This improvement was largely attributed to the successful completion of its initial public offering in April 2024, which raised approximately US$5.7 million in net proceeds.
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