Total revenues for fiscal year 2025 were $34,959,399, an increase of $8,015,681, or 29.8%, compared to $26,943,718 in fiscal year 2024 (restated). Growth was driven across three revenue-generating segments:
Brokerage revenues were $23,429,315, an increase of 24.6%, driven by increased client trading volumes and the incremental contribution of Alchemy International Ltd. (AIL), the Company’s Seychelles-regulated subsidiary acquired in October 2025. The brokerage segment represented 67.0% of total revenues.
Technology & Software revenues surged to $5,099,187, an increase of 210.5%, reflecting expanded adoption of the Company’s proprietary Condor Trading Technology suite by third-party brokerage clients and new licensing contracts executed during the year. Technology & Software revenues represented 14.6% of total revenues, compared to 6.1% in fiscal year 2024 (restated).
Wealth Management revenues were $6,430,897, broadly stable year-over-year, generated by AD Advisory Services Pty Ltd. (ADS), the Company’s ASIC-regulated Australian subsidiary, which oversees more than $530 million in client assets under advice across a network of 28 financial advisors.
Profitability and Operating Leverage
Gross profit for fiscal year 2025 was $19,144,041, an increase of 59.0%, with gross margin expanding approximately 1,010 basis points to 54.8%. Despite revenue growth of approximately 30%, total operating expenses grew only 1.1% to $13,090,832, demonstrating significant operating leverage. Operating income was $6,053,209 in fiscal year 2025, compared to an operating loss of $901,763 in fiscal year 2024 (restated) – a swing of approximately $7.0 million.
Net income attributable to FDCTech shareholders was $5,783,223, or $0.01 per basic and diluted share, compared to a net loss of $18,781 in fiscal year 2024 (restated). Total stockholders’ equity increased to $22,377,274 at December 31, 2025. For the first time in the Company’s history, the accumulated deficit has been fully eliminated, with the balance sheet reflecting a positive accumulated surplus of $3,120,795.
Strategic Acquisition of Alchemy International Ltd.
On October 29, 2025, the Company completed the acquisition of 99.9% of Alchemy International Ltd. (“AIL”), a securities dealer regulated by the Financial Services Authority of Seychelles under license number SD136. AIL was immediately earnings-accretive, contributing net income of approximately $6.3 million attributable to the Company’s shareholders for the period from the acquisition date through December 31, 2025. The acquisition expands the Company’s global regulatory footprint and enhances its capacity to serve offshore brokerages, high-frequency traders, and institutional clients in Asia and emerging markets.