mF International Limited Filed 2024 Annual Report on Form 20-F

Rhea-AI Summary

mF International (Nasdaq: MFI) has filed its 2024 annual report, revealing revenue of HK$26.1 million and gross profit of HK$12.3 million. The company's cash position strengthened to HK$22.0 million by year-end 2024, up from HK$6.8 million in 2023.

Key developments include:

• Successful IPO in April 2024, raising US$5.7 million
• Launch of upgraded Trader Pro mobile app in February 2025
• Strategic partnership with CBCX Markets in March 2025
• Introduction of AI-Commentary analytical suite in April 2025

The company's subsidiary m-FINANCE received the Good MPF Employer Award 2023-24 and implemented strategic marketing initiatives to expand its Asian market presence.

Positive

• Cash position significantly improved to HK$22.0 million from HK$6.8 million YoY
• Successful IPO raising US$5.7 million in net proceeds
• Launch of new revenue-generating products: upgraded Trader Pro app and AI-Commentary suite
• Strategic partnership with CBCX Markets to enhance liquidity network

Negative

• None.

Insights

Financial Analyst

MFI reported HK$26.1M revenue for 2024 with 223% increase in cash position to HK$22.0M, primarily from their US$5.7M IPO proceeds.

mF International's 2024 annual report reveals a substantially strengthened cash position, growing from HK$6.8 million at the end of 2023 to HK$22.0 million by December 2024 - a 223% year-over-year increase. This significant liquidity improvement appears primarily driven by their April 2024 initial public offering, which generated net proceeds of approximately US$5.7 million.

For fiscal year 2024, the company reported revenue of HK$26.1 million and gross profit of HK$12.3 million, though the report doesn't provide year-over-year growth comparisons or net profit figures. Management specifically highlighted "encouraging growth" in recurring revenue streams - including white label services, hosting, support and maintenance - which typically provides more predictable, stable income.

The company indicates they've allocated IPO proceeds toward marketing and business development initiatives aimed at expanding their Asian market presence, as evidenced by strategic consulting agreements established in May 2024. While the financial report demonstrates improved liquidity and ongoing business development investments, the comparative metrics make it difficult to fully assess operational performance trends.

FinTech Analyst

MFI enhances product suite with customizable trading app, strategic liquidity partnership, and AI-powered market analytics integration, strengthening competitive positioning.

mF International has implemented several strategic product enhancements and partnerships in early 2025 that strengthen their financial trading technology ecosystem. Most notably, the April 2025 launch of "AI-Commentary" represents their entry into AI-powered analytics. This integration combines institutional trading expertise with DeepSeek AI's large language models, enabling brokers to deliver actionable market insights while improving operational efficiency.

The February 2025 upgrade of their mobile trading application "Trader Pro" addresses broker customization needs by offering multi-system compatibility and extensive branding capabilities. This solution enables financial services firms to rapidly deploy uniquely branded mobile trading platforms with customized visual elements, potentially reducing time-to-market for brokers seeking differentiated mobile offerings.

Complementing these product developments, the March 2025 strategic partnership with CBCX Markets enhances mF International's liquidity network infrastructure. This collaboration grants their brokerage clients deeper market access with improved execution capabilities and advanced trading conditions - addressing fundamental trading functionality requirements.

Collectively, these technical developments demonstrate the company's focus on product innovation and strategic partnerships following their 2024 IPO, with particular emphasis on enhancing broker service capabilities through technological advancement.

HONG KONG, April 23, 2025 /PRNewswire/ -- mF International Limited (the "Company" or "mF International") (Nasdaq: MFI), a Hong Kong-based experienced financial trading solution provider, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission on April 23, 2025 Eastern Time.

Financial and Business Highlights for Fiscal Year 2024

The Company reported revenue of HK$26.1 million and gross profit of HK$12.3 million for fiscal year 2024. mF International ended the year with a significantly strengthened cash position of HK$22.0 million as of December 31, 2024, compared to HK$6.8 million as of December 31, 2023.

In April 2024, the Company successfully completed its initial public offering, raising net proceeds of approximately US$5.7 million. To expand market share in Asia, the Company entered into strategic business development and marketing consulting agreements in May 2024.

Recent Business Developments in 2025

In January 2025, the Company's principal Hong Kong subsidiary, m-FINANCE Limited ("m-FINANCE"), was recognized with the prestigious Good MPF Employer Award 2023-24 by the Mandatory Provident Fund Schemes Authority of Hong Kong, highlighting its commitment to employee retirement security and well-being.

In February 2025, m-FINANCE launched its upgraded mobile trading application, "Trader Pro," which combines multi-system compatibility with extensive customization and branding features for brokers. The upgraded Trader Pro enables brokers to quickly customize and launch their own branded mobile trading platforms with unique logos and tailored color schemes.

In March 2025, m-FINANCE formed a strategic partnership with CBCX Markets Limited, a multi-asset liquidity provider, to strengthen its liquidity network by granting brokerage clients deeper market access, improved execution, and advanced trading conditions.

Most recently, in April 2025, m-FINANCE launched "AI-Commentary," an advanced analytical suite integrated into its mF4 Trading Platform. The solution combines m-FINANCE's institutional expertise with DeepSeek AI's large language models, enabling brokers to deliver actionable insights while improving operational efficiency.

"2024 marked a transformative year for mF International with our successful listing on the U.S. equity market," said Mr. Chi Weng (Dick) Tam, Executive Director and Chief Executive Officer of mF International. "We saw encouraging growth in our recurring revenue streams, including white label services and hosting, support and maintenance. With a significantly strengthened cash position following our IPO, we've made strategic investments in marketing and business development initiatives to drive future growth. In early 2025, we've continued to strengthen our position through product innovation and strategic partnerships, reinforcing our commitment to enhancing our product offerings and expanding our market reach."

The Company's annual report on Form 20-F is available on the SEC's website at www.sec.gov and on the Company's website at https://ir.m-finance.com/. 

About mF International Limited

mF International Limited is a British Virgin Islands holding company with three operating subsidiaries in Hong Kong. The Company's principal Hong Kong subsidiary, m-FINANCE, is a Hong Kong-based experienced financial trading solution provider principally engaged in the development and provision of financial trading solutions via internet or platform as software as a service, or SaaS. m-FINANCE has approximately 20 years of experience providing real-time mission critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications and financial information for brokers and institutional clients in the region. With clients located over mainland China, Hong Kong and Southeast Asia, m-FINANCE provides customers with the mF4 Trading Platform, Trader Pro, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform "Broker+" Solution, Social Trading Apps and other value-added services. For more information, please visit the Company's website: https://ir.m-finance.com/.

For investor and media inquiries, please contact:
mF International Limited
Investor Relations Department
Email: ir@m-finance.net

ICR, LLC
Robin Yang
Email: mFInternational.IR@icrinc.com
Phone: +1 (646) 308-1475

View original content:https://www.prnewswire.com/news-releases/mf-international-limited-filed-2024-annual-report-on-form-20-f-302436430.html

SOURCE mF International Limited

FAQ

What were mF International's (MFI) key financial results for 2024?

MFI reported revenue of HK$26.1 million and gross profit of HK$12.3 million for fiscal year 2024, with cash position increasing to HK$22.0 million from HK$6.8 million in 2023.

How much did mF International (MFI) raise in its 2024 IPO?

MFI raised approximately US$5.7 million in net proceeds from its initial public offering in April 2024.

What new products did MFI launch in early 2025?

MFI launched an upgraded Trader Pro mobile trading application in February 2025 and AI-Commentary analytical suite in April 2025.

What strategic partnerships did MFI secure in 2025?

MFI formed a strategic partnership with CBCX Markets in March 2025 to enhance its liquidity network and improve trading conditions.

Where can investors access MFI's 2024 annual report?

The annual report is available on the SEC's website (www.sec.gov) and the company's investor relations website (https://ir.m-finance.com/).