PLUT on Nasdaq
Plutus Financial Group Ltd
Security and commodity brokers company in the Cayman Islands1
In its 2026 annual report (Form 20-F) the company says: “Plutus Financial Holdings Limited is a holding company incorporated on February 11, 2019.”4 It is headquartered in Hong Kong, China.1
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Last updated Oct 21, 2026.
Overview
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- TickerPLUT on Nasdaq1
- IndustrySecurity & Commodity Brokers, Dealers, Exchanges & Services1
- HeadquartersHong Kong, China1
- Incorporated inCayman Islands3
- Business address8/F., 80 Gloucester Road, Wanchai, Hong Kong, F4 000003
- Filer categoryNon-accelerated filer, Emerging growth company3
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International Limited, a British Virgin Islands company; and (iii) Plutus Financial Holdings Limited, a British Virgin Islands company.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Interest Income Nonrelated Party brought in 83% of the revenue Plutus Financial Group Ltd broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Interest Income Nonrelated Party | 5.6M HKD | 2.6M HKD | 3.8M HKD |
| Interest Income Related Party | 416.0K HKD | 452.0K HKD | 411.0K HKD |
| Securities Brokerage Handling Fee | 261.0K HKD | 349.0K HKD | 378.0K HKD |
Business segments
Securities Related Services brought in 38% of the revenue Plutus Financial Group Ltd broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Securities Related Services | 18.0M HKD | 5.6M HKD | 4.0M HKD |
| Asset Management Services | 3.9M HKD | 4.2M HKD | 3.7M HKD |
| Money Lending | 2.7M HKD |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs70¢$944.0K
- Income tax30¢$397.0K
Out of $1.3M in revenue.2 The company lost money this year.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | 10.4M HKD | 9.7M HKD | 21.9M HKD |
| Compensation and benefits | 12.6M HKD | 8.6M HKD | 7.5M HKD |
| Commission expense | 2.3M HKD | 2.5M HKD | 2.0M HKD |
| Advertising and marketing | 3.9M HKD | 608.0K HKD | 2.3M HKD |
| Lease expense | 1.2M HKD | 1.2M HKD | 1.3M HKD |
| Legal and professional fee | 16.4M HKD | 2.1M HKD | 2.4M HKD |
| Provision for (reversal of) allowance for expected credit losses, net | 1.9M HKD | -1.4M HKD | 10.9M HKD |
| Other general and administrative | 5.5M HKD | 3.3M HKD | 2.8M HKD |
| Total expenses | 43.8M HKD | 17.0M HKD | 29.2M HKD |
| Loss from operations | -33.3M HKD | -7.2M HKD | -7.3M HKD |
| Share of losses of associate | -43.0K HKD | ||
| Impairment of investment under equity method | -3.9M HKD | ||
| Government subsidies | 103.0K HKD | ||
| Others | 989.0K HKD | 493.0K HKD | 207.0K HKD |
| Total other income | 989.0K HKD | 596.0K HKD | 207.0K HKD |
| Loss before income taxes | -36.3M HKD | -6.6M HKD | -7.1M HKD |
| Income tax expenses | 3.1M HKD | -1.1M HKD | -1.1M HKD |
| Net loss and total comprehensive loss | -39.4M HKD | -5.5M HKD | -6.0M HKD |
| Basic | -2.71 HKD | -0.46 HKD | -0.50 HKD |
| Diluted | -2.71 HKD | -0.46 HKD | -0.50 HKD |
| Basic | 14.5M shares | 12.0M shares | 12.0M shares |
| Diluted | 14.5M shares | 12.0M shares | 12.0M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 13.0M HKD | 30.6M HKD | 12.0M HKD | ||
| Cash segregated for regulatory purpose | 20.4M HKD | 10.0M HKD | 38.5M HKD | ||
| Broker-dealers, net of allowance of HKD9,000 and HKD9,000 as of December 31, 2024 and 2025, respectively | 142.0K HKD | 267.0K HKD | |||
| Clearing organization, net of allowance of nil and nil as of December 31, 2024 and 2025 | 387.0K HKD | 696.0K HKD | |||
| Prepaid expenses and other current assets | 15.9M HKD | 5.5M HKD | |||
| Income tax recoverable | 521.0K HKD | 692.0K HKD | |||
| Total current assets | 111.1M HKD | 64.5M HKD | |||
| Property and equipment, net | 560.0K HKD | 966.0K HKD | |||
| Right-of-use assets | 1.0M HKD | 2.1M HKD | |||
| Intangible asset, net | 3.5M HKD | 600.0K HKD | |||
| Deferred tax assets | 3.1M HKD | ||||
| Investment under equity method | 2.6M HKD | ||||
| Refundable deposit | 475.0K HKD | 447.0K HKD | |||
| Total non-current assets | 8.2M HKD | 7.2M HKD | |||
| TOTAL ASSETS | 119.3M HKD | 71.7M HKD | 106.6M HKD | ||
| Clearing organizations | 35.0K HKD | 25.0K HKD | |||
| Accruals and other current liabilities | 3.5M HKD | 2.7M HKD | |||
| Accrued commission expense | 909.0K HKD | 1.3M HKD | |||
| Lease liabilities - current | 1.0M HKD | 1.1M HKD | |||
| Total current liabilities | 32.2M HKD | 15.5M HKD | |||
| Lease liabilities - non-current | 994.0K HKD | ||||
| Total non-current liabilities | 994.0K HKD | ||||
| TOTAL LIABILITIES | 32.2M HKD | 16.5M HKD | 45.9M HKD | ||
| Preferred shares US$0.0001 par value per share; 3,000,000 authorized; nil and nil share issued and outstanding as of December 31, 2024 and 2025 Ordinary shares US$0.0001 par value per share; 300,000,000 authorized; 12,000,000 and 15,350,000 shares issued and outstanding as of December 31, 2024 and 2025 | 12.0K HKD | 9.0K HKD | |||
| Additional paid-in capital | 134.3M HKD | 63.2M HKD | |||
| Accumulated deficit | -47.3M HKD | -7.9M HKD | |||
| Total shareholders equity | 87.0M HKD | 55.2M HKD | 60.7M HKD | 80.1M HKD | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 119.3M HKD | 71.7M HKD | |||
| Broker dealers net of allowance current | 9.0M HKD | 9.0M HKD | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 3.0M shares | 3.0M shares | |||
| Ordinary stock, par value | $0.00 | $0.00 | |||
| Ordinary stock, shares authorized | 300.0M shares | 300.0M shares | |||
| Ordinary stock, shares issued | 15.3M shares | 12.0M shares | 12.0M shares | ||
| Ordinary stock, shares outstanding | 15.3M shares | 12.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2022-06-30 |
|---|---|---|---|---|---|
| Cash and cash equivalents | 13.0M HKD | 30.6M HKD | 12.0M HKD | ||
| Cash segregated for regulatory purpose | 20.4M HKD | 10.0M HKD | 38.5M HKD | ||
| Broker-dealers, net of allowance of HKD9,000 and HKD9,000 as of December 31, 2024 and 2025, respectively | 142.0K HKD | 267.0K HKD | |||
| Clearing organization, net of allowance of nil and nil as of December 31, 2024 and 2025 | 387.0K HKD | 696.0K HKD | |||
| Prepaid expenses and other current assets | 15.9M HKD | 5.5M HKD | |||
| Income tax recoverable | 521.0K HKD | 692.0K HKD | |||
| Total current assets | 111.1M HKD | 64.5M HKD | |||
| Property and equipment, net | 560.0K HKD | 966.0K HKD | |||
| Right-of-use assets | 1.0M HKD | 2.1M HKD | |||
| Intangible asset, net | 3.5M HKD | 600.0K HKD | |||
| Deferred tax assets | 3.1M HKD | ||||
| Investment under equity method | 2.6M HKD | ||||
| Refundable deposit | 475.0K HKD | 447.0K HKD | |||
| Total non-current assets | 8.2M HKD | 7.2M HKD | |||
| TOTAL ASSETS | 119.3M HKD | 71.7M HKD | 106.6M HKD | ||
| Clearing organizations | 35.0K HKD | 25.0K HKD | |||
| Accruals and other current liabilities | 3.5M HKD | 2.7M HKD | |||
| Accrued commission expense | 909.0K HKD | 1.3M HKD | |||
| Lease liabilities - current | 1.0M HKD | 1.1M HKD | |||
| Total current liabilities | 32.2M HKD | 15.5M HKD | |||
| Lease liabilities - non-current | 994.0K HKD | ||||
| Total non-current liabilities | 994.0K HKD | ||||
| TOTAL LIABILITIES | 32.2M HKD | 16.5M HKD | 45.9M HKD | ||
| Preferred shares US$0.0001 par value per share; 3,000,000 authorized; nil and nil share issued and outstanding as of December 31, 2024 and 2025 Ordinary shares US$0.0001 par value per share; 300,000,000 authorized; 12,000,000 and 15,350,000 shares issued and outstanding as of December 31, 2024 and 2025 | 12.0K HKD | 9.0K HKD | |||
| Additional paid-in capital | 134.3M HKD | 63.2M HKD | |||
| Accumulated deficit | -47.3M HKD | -7.9M HKD | |||
| Total shareholders equity | 87.0M HKD | 55.2M HKD | 60.7M HKD | 80.1M HKD | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 119.3M HKD | 71.7M HKD | |||
| Broker dealers net of allowance current | 9.0M HKD | 9.0M HKD | |||
| Preferred stock, par value | $0.00 | $0.00 | |||
| Preferred stock, shares authorized | 3.0M shares | 3.0M shares | |||
| Ordinary stock, par value | $0.00 | $0.00 | |||
| Ordinary stock, shares authorized | 300.0M shares | 300.0M shares | |||
| Ordinary stock, shares issued | 15.3M shares | 12.0M shares | 12.0M shares | ||
| Ordinary stock, shares outstanding | 15.3M shares | 12.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -39.4M HKD | -5.5M HKD | -6.0M HKD |
| Depreciation and amortization | 2.0M HKD | 350.0K HKD | 8.0K HKD |
| Gain on bargain purchase | -3.0K HKD | ||
| Share of losses of associate | 43.0K HKD | ||
| Impairment on investment under equity method | 3.9M HKD | ||
| Provision for (reversal of) allowance for expected credit losses, net | 1.9M HKD | -1.4M HKD | 10.9M HKD |
| Loans to customers | -46.3M HKD | 20.0M HKD | 11.1M HKD |
| Receivables from customers and broker-dealers | 614.0K HKD | 10.5M HKD | -7.8M HKD |
| Prepaid expenses and other current assets | -15.7M HKD | 248.0K HKD | -26.0K HKD |
| Income taxes recoverable | 171.0K HKD | -692.0K HKD | |
| Deferred tax assets | 3.1M HKD | -982.0K HKD | -1.8M HKD |
| Refundable deposits | -28.0K HKD | -218.0K HKD | |
| Payables to customers and clearing organizations | 10.4M HKD | -30.5M HKD | 5.7M HKD |
| Accruals and other current liabilities | 817.0K HKD | 1.2M HKD | -831.0K HKD |
| Accrued commission expenses | -418.0K HKD | 42.0K HKD | -1.7M HKD |
| Lease liability | -1.2M HKD | ||
| Income taxes payable | -1.2M HKD | 664.0K HKD | |
| Cash generated from (used in) operating activities | -80.1M HKD | -8.1M HKD | 10.2M HKD |
| Acquisition of subsidiaries | 2.0K HKD | ||
| Advance to related parties | -25.0K HKD | ||
| Repayment from related parties | 375.0K HKD | ||
| Purchase of property, plant and equipment | -37.0K HKD | ||
| Purchase of intangible asset | -3.3M HKD | ||
| Purchase of investment under equity method | -6.5M HKD | -1.3M HKD | -19.0K HKD |
| Cash used in investing activities | -9.5M HKD | -1.3M HKD | -19.0K HKD |
| Loan from related parties | 6.0M HKD | ||
| Deferred IPO cost | -1.1M HKD | -161.0K HKD | |
| IPO proceed | 60.2M HKD | ||
| Proceed from private offering | 16.3M HKD | ||
| (Advance to) repayment from related parties | 494.0K HKD | -7.0M HKD | |
| Cash (used in) generated from financing activities | 82.5M HKD | -558.0K HKD | -7.2M HKD |
| Net change in cash, cash equivalents and cash segregated for regulatory purpose | -7.2M HKD | -9.9M HKD | 3.0M HKD |
| Cash paid for income taxes | -171.0K HKD | -1.7M HKD | -69.0K HKD |
| Dividends made through reduction in amount due from the shareholder | -13.3M HKD | ||
| Initial recognition of lease obligations related to right-of-use assets | 2.2M HKD |
No quarter-by-quarter statement was filed.
Corporate structure
Plutus Financial Group Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Plutus Financial Group Ltd
- Innovax Asset Management Ltd Filed SCHEDULE 13G on Plutus Financial Group Ltd, latest Nov 13, 2025
- Plutus Financial Group Ltd Hong Kong, China
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Plutus Financial Group Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $530.0K2 Dec 31, 2025 | $529.0K5 Dec 31, 2024 | +0.2% |
| Accumulated depreciation | $458.0K2 Dec 31, 2025 | $405.0K5 Dec 31, 2024 | +13.1% |
| Property and equipment, net | $72.0K2 Dec 31, 2025 | $124.0K5 Dec 31, 2024 | −41.9% |
| Operating-lease assets (leased space) | $130.0K2 Dec 31, 2025 | $268.0K5 Dec 31, 2024 | −51.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.7M2 Dec 31, 2025 | $3.9M5 Dec 31, 2024 | −57.8% |
| Deposits held (banks) | 800.0K HKD2 Dec 31, 2025 |
Intangibles and goodwill
Leadership
Who has led Plutus Financial Group Ltd, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerTing Kin Cheung May 15, 2026 to now6
- Chief financial officerChun Lok Yeung May 15, 2026 to now7
Board members and other officers (6)
- Board memberChun Lok Yeung May 15, 2026 to now7
- Board memberTin Shun Lui May 15, 2026 to now8
- Board memberTing Kin Cheung May 15, 2026 to now6
- Board memberWing Cheung Yan May 15, 2026 to now9
- Board memberWing Yan Lam May 15, 2026 to now10
- Board memberZhisheng Zhao May 15, 2026 to now11
Timeline
- May 15, 2026New chief executive Ting Kin Cheung becomes CEO6
Filings
80 filings to the SEC since October 2021: 2 annual reports, 6 insider forms, 1 large holders, 71 other. The latest 20:
- Oct 1, 20266-K EDGAR
- Jun 30, 20266-K EDGAR
- May 15, 20263 EDGAR
- May 15, 20263 EDGAR
- May 15, 20263 EDGAR
- May 15, 20263 EDGAR
- May 15, 20263 EDGAR
- May 15, 20263 EDGAR
- May 11, 202620-F EDGAR
- Apr 30, 2026NT 20-F EDGAR
- Apr 1, 20266-K EDGAR
- Mar 5, 20266-K EDGAR
- Dec 31, 20256-K EDGAR
- Dec 30, 20256-K EDGAR
- Nov 13, 2025SCHEDULE 13G EDGAR
- Oct 3, 20256-K EDGAR
- Sep 29, 20256-K EDGAR
- Aug 8, 20256-K EDGAR
- Jul 16, 20256-K EDGAR
- Jul 9, 20256-K EDGAR
The 80 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Innovax Asset Management LtdSCHEDULE 13G, 1 filing Nov 13, 202512
SEC filer profile
How Plutus Financial Group Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPlutus Financial Group Ltd1
- CIK0001933021
- Filer statusNon-accelerated filer an emerging growth company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)6200 Security & Commodity Brokers, Dealers, Exchanges & Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address8/F., 80 Gloucester Road, Wanchai, Hong Kong, F4 000001
- Phone(852) 2968 11921
- Shares outstanding15,350,000 shares as of Dec 31, 20254
- AuditorOnestop Assurance PAC, Singapore PCAOB ID 6732; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJul 19, 20221
- Filings80 in all: 6-K (15), UPLOAD (14), CORRESP (11), F-1/A (10), 3 (6), DRS/A (6), DRSLTR (6), 20-F (2)1
All 17 form types
424B4 (2), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), F-1 (1), FWP (1), NT 20-F (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (20-F) May 11, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares | PLUT | Nasdaq |
From the cover page of the 20-F filed May 11, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARTin Shun Lui, Board member
- 9SEC EDGARWing Cheung Yan, Board member
- 10SEC EDGARWing Yan Lam, Board member
- 11SEC EDGARZhisheng Zhao, Board member
- 12