Revenue: As of FY2025, the actual value is USD 13.63 M.EPS: As of FY2025, the actual value is USD -0.2069.EBIT: As of FY2025, the actual value is USD -2.554 M.<h3>Segment Revenue</h3><ul><li>Fish Trading: Revenue was $10,853,021 in 2025, a decrease from $11,853,106 in 2024.</li><li>E-Commerce: Revenue was $160,025 in 2025, down from $345,033 in 2024.</li><li>Catering (Discontinued Operations): Net sales were $2,597,349 in 2025, compared to $4,890,187 in 2024.</li></ul><h3>Operational Metrics (Continuing Operations)</h3><ul><li>Gross Profit:<ul><li>Overall: Gross profit decreased to $172,677 in 2025 from $334,261 in 2024, primarily due to the disposal of SY Culture in the e-commerce business during Q2 2025.</li><li>Fish Trading: Gross profit was $21,668 in 2025, compared to $24,163 in 2024.</li><li>E-Commerce: Gross profit was $124,226 in 2025, down from $236,406 in 2024.</li></ul></li><li>Operating Expenses:<ul><li>Overall: Total operating expenses were - $2,842,170 in 2025, a decrease from - $5,278,287 in 2024.</li><li>Impairment of goodwill: No impairment was recorded in 2025, compared to - $2,510,875 in 2024.</li><li>General and administrative expenses: These expenses increased to - $2,842,170 in 2025 from - $2,706,581 in 2024, primarily due to - $0.6 million in issuance costs for a senior secured convertible note in Q4 2025.</li><li>Share-based compensation: This was - $0 in 2025, compared to - $60,831 in 2024.</li><li>Fish Trading General and Administrative Expenses: These were - $2,546,060 in 2025, compared to - $1,469,207 in 2024.</li><li>E-Commerce General and Administrative Expenses: These were - $52,518 in 2025, compared to - $469,976 in 2024.</li></ul></li><li>Segment Operating Losses:<ul><li>Fish Trading: Operating losses were - $2,524,392 in 2025, increasing from - $1,445,044 in 2024.</li><li>E-Commerce: Operating losses improved to $71,708 in 2025 from - $233,570 in 2024.</li></ul></li><li>Net Loss from Continuing Operations: The net loss was - $2,666,836 in 2025, an improvement from - $4,293,670 in 2024.</li><li>Net Loss from Discontinued Operations: This was - $213,205 in 2025, compared to - $196,705 in 2024.</li><li>Net Loss Attributable to Nocera Shareholders: The net loss was - $2,960,032 in 2025, an improvement from - $4,467,033 in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: This was - $2,585,122 in 2025, increasing from - $2,095,549 in 2024.</li><li>Net Cash (Used in) Provided by Investing Activities: This was - $118,115 in 2025, a decrease from $220,465 provided in 2024.</li><li>Net Cash Provided by Financing Activities: This significantly increased to $10,159,388 in 2025 from $1,101,218 in 2024, primarily due to proceeds from the issuance of common stock, preferred stock, and convertible notes.</li><li>Cash and Cash Equivalents at End of Year: The company ended 2025 with $7,952,180 in cash and cash equivalents, a substantial increase from $484,161 in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Goodwill Impairment: In 2024, Nocera, Inc. recognized a goodwill impairment charge of - $1,159,172 related to the Meixin reporting unit and a full impairment of goodwill of - $1,351,703 related to Xinca, both due to operational declines and adverse market conditions.</li><li>Customer Concentration: In 2025, five customers represented approximately 87.5% of total revenue, an increase from 74.2% in 2024.</li><li>Bitcoin Treasury Strategy: In January 2026, Nocera, Inc. allocated $2.0 million of corporate funds to purchase approximately 12 Bitcoin at an average price of $83,000 and intends to continue this strategy.</li></ul><h3>Outlook / Guidance</h3>Nocera, Inc. faces substantial doubt about its ability to continue as a going concern due to accumulated losses and negative operating cash flows. Management plans to address these conditions by seeking additional financing, implementing cost controls, and expanding revenue-generating activities, though success is not assured. The company also received a Nasdaq deficiency letter in February 2026 for not meeting the minimum bid price requirement and is evaluating options to regain compliance by August 3, 2026.

Nocera | 10-K: FY2025 Revenue: USD 13.63 M