Troops, Inc. /Cayman Islands/ (TROO) Company Report

Analyst Coverage

Research analysts covering Troops, Inc. /Cayman Islands/.

Recent press releases and 8-K filings for TROO.

TROOPS, Inc. Announces Unaudited Interim Financial Results for Six Months Ended June 30, 2025

TROO

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

TROOPS, Inc. reported revenues of $7.62 million for the six months ended June 30, 2025, marking a 192.1% increase from $2.61 million in the same period of 2024.
The company's net loss decreased to $0.97 million for the six months ended June 30, 2025, an improvement from a net loss of $1.36 million in the prior year period.
Consultancy services for insurance products was the primary revenue driver, contributing $5.40 million for the six months ended June 30, 2025.
Cost of revenues increased by 239.7% to $6.49 million for the six months ended June 30, 2025, up from $1.91 million for the six months ended June 30, 2024.

Oct 17, 2025, 8:30 PM

TROOPS Subsidiary Acquires Stake in HK Golden, Inc.

TROO

M&A

New Projects/Investments

TROOPS, Inc.'s wholly-owned subsidiary, Giant Connection Limited, entered into a Sale and Purchase Agreement on October 6, 2025, to acquire a 19.9% stake in HK Golden, Inc.
The acquisition involves 2,835,750 ordinary shares of HK Golden, Inc. for an aggregate consideration of HK$70,000,000.
HK Golden, Inc. primarily provides digital marketing services and operates HKGolden.com, an online social forum and networking platform in Hong Kong.
The Target Completion Date for this agreement is November 30, 2025.

Oct 10, 2025, 8:05 PM

TROOPS, Inc. Faces Winding Up Petition

TROO

Legal Proceedings

Delisting/Listing Issues

On August 20, 2025, TROOPS, Inc. received a winding up petition filed by Real Estate and Finance Fund (in Liquidation) with the Grand Court of the Cayman Islands, alleging the Company's insolvency due to an inability to pay its debts.
This petition arises from a June 23, 2025, judgment by the High Court of Hong Kong, which ordered TROOPS, Inc. and its subsidiaries, SGOCO International (HK) Limited and Giant Connection Limited, to be jointly and severally liable for HKD 163,400,000.
Additionally, the judgment held TROOPS, Inc. and SGOCO International (HK) Limited jointly and severally liable for an further HKD 241,400,000.
A hearing for the winding up petition is scheduled for October 9, 2025.
TROOPS, Inc. is exploring legal avenues, including applications for appeal and stay of execution, to protect the interests of its shareholders.