Research analysts covering Plutus Financial Group.
Recent press releases and 8-K filings for PLUT.
Plutus Financial Group Limited Announces Interim 2025 Results
PLUT
Earnings
Profit Warning
- Plutus Financial Group Limited reported an approximate 3% increase in revenue to HK$4,503,000 (US$572,000) for the six months ended June 30, 2025, primarily driven by a 50% increase in securities brokerage commission.
- The company's net loss significantly widened to approximately HK$17,800,000 (US$2,270,000) for the six months ended June 30, 2025, compared to a net loss of HK$3,788,000 for the same period in 2024.
- Basic and diluted loss per share increased to HK$1.28 (US$0.16) for the six months ended June 30, 2025, from HK$0.32 in the prior year period.
- The increased net loss was mainly attributed to substantial increases in advertising and marketing expenses, compensation and benefits expenses, and professional and advisory fees.
Dec 30, 2025, 5:23 PM
Plutus Financial Group Limited Details Pro Forma Financials for Choco Up Merger
PLUT
M&A
Accounting Changes
- Plutus Financial Group Limited (PLUT) has filed unaudited pro forma condensed combined financial information for its proposed merger with Choco Up Group Holdings Limited, initially announced on July 9, 2025.
- The pro forma statements cover financial positions as of December 31, 2024, and March 31, 2025, and profit or loss for the year ended December 31, 2024, and the three months ended March 31, 2025.
- The combined company's pro forma total shareholders' equity was approximately US$31.1 million as of March 31, 2025, and it reported a net loss of approximately US$3.4 million for the year ended December 31, 2024.
- Post-merger, Choco Up shareholders are expected to own approximately 73.47% of the combined company's outstanding shares, with Plutus shareholders holding 26.53%. The transaction will be accounted for as a reverse acquisition.
Oct 3, 2025, 1:03 PM
Plutus Financial Group Announces Acquisition of Choco Up Group Holdings; Choco Up Reports 2024 Financials with Going Concern Uncertainty
PLUT
M&A
Earnings
Profit Warning
- Plutus Financial Group Limited entered into a Merger Agreement on July 9, 2025, to acquire Choco Up Group Holdings Limited in exchange for newly issued Class A and Class B ordinary shares of Plutus, with the closing subject to Nasdaq review and approval.
- For the fiscal year ended December 31, 2024, Choco Up reported revenue of US$5,128,710 and a net loss of US$2,672,523.
- Choco Up's financial statements indicate a material uncertainty regarding its ability to continue as a going concern, having incurred a net loss of HK$20,759,349 and net cash used in operating activities of HK$143,361,383 for the year ended December 31, 2024, and with total liabilities exceeding total assets by HK$32,777,553.
- To address the going concern, Choco Up secured US$12 million in additional funding in March 2025 and has agreements with business partners to defer loan repayments, with management expecting merger synergies to enhance performance.
Sep 29, 2025, 1:01 PM
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