Affluence Corporation Issues Shareholder Letter Highlighting Post-Merger Financial Performance, Restructuring Progress, and Uplisting Strategy
Affluence Corporation (OTCID:AFFU), a diversified global technology company, released a shareholder letter detailing significant financial improvements following its May 2025 acquisition of Mingothings (MTi). The company reported net income of $2.1M for H1 2025, with operating subsidiaries achieving net operating income of $563,000 before corporate overhead.
Key financial metrics showed substantial growth, including 357.7% increase in revenue per share and a 111% improvement in net income per share. The company has eliminated over $4.5M in debt and derivative liabilities, despite an increase in shares outstanding to 4.51B. AFFU projects FY2025 revenues exceeding $6-7M and is pursuing strategic acquisitions with plans for potential NASDAQ uplisting.
Affluence Corporation (OTCID:AFFU), società tecnologica globale e diversificata, ha pubblicato una lettera agli azionisti che illustra importanti miglioramenti finanziari a seguito dell'acquisizione di Mingothings (MTi) a maggio 2025. La società ha riportato un utile netto di 2,1 M$ per il primo semestre 2025, mentre le sue controllate operative hanno realizzato un utile operativo netto di 563.000$ prima delle spese generali di sede.
I principali indicatori finanziari mostrano una crescita significativa, con un aumento del 357,7% dei ricavi per azione e un miglioramento del 111% dell'utile netto per azione. Nonostante l'aumento delle azioni in circolazione a 4,51 miliardi, la società ha eliminato oltre 4,5 M$ di debito e passività derivati. AFFU prevede ricavi per l'esercizio 2025 superiori a 6-7 M$ e sta valutando acquisizioni strategiche con piani per una possibile quotazione sul NASDAQ.
Affluence Corporation (OTCID:AFFU), una compañía tecnológica global y diversificada, publicó una carta a los accionistas en la que detalla mejoras financieras significativas tras la adquisición de Mingothings (MTi) en mayo de 2025. La empresa informó un beneficio neto de 2,1 M$ en el primer semestre de 2025, y sus filiales operativas registraron un beneficio operativo neto de 563.000$ antes de gastos corporativos.
Los indicadores financieros clave mostraron un crecimiento considerable, con un incremento del 357,7% en ingresos por acción y una mejora del 111% en beneficio neto por acción. A pesar de que las acciones en circulación aumentaron a 4,51 mil millones, la compañía ha eliminado más de 4,5 M$ en deudas y pasivos por derivados. AFFU proyecta ingresos para 2025 superiores a 6-7 M$ y está buscando adquisiciones estratégicas con planes para una posible salida a NASDAQ.
Affluence Corporation (OTCID:AFFU), 다각화된 글로벌 기술기업이 2025년 5월 Mingothings(MTi) 인수 이후의 주요 재무 개선 사항을 주주 서한으로 공개했습니다. 회사는 2025년 상반기 순이익 210만 달러를 보고했으며, 운영 자회사들은 법인 간공제를 제외한 상태에서 56만3천 달러의 영업순이익을 달성했습니다.
핵심 재무지표는 큰 성장을 보였으며, 주당매출 357.7% 증가와 주당순이익 111% 개선을 기록했습니다. 발행주식 수가 45.1억 주로 늘어났음에도 불구하고 회사는 450만 달러 이상의 부채 및 파생상품 부채를 해소했습니다. AFFU는 2025 회계연도 매출이 600만~700만 달러를 초과할 것으로 전망하며 전략적 인수를 추진하고 NASDAQ 상장 가능성도 검토하고 있습니다.
Affluence Corporation (OTCID:AFFU), une entreprise technologique mondiale et diversifiée, a publié une lettre aux actionnaires détaillant des améliorations financières significatives suite à l'acquisition de Mingothings (MTi) en mai 2025. La société a déclaré un résultat net de 2,1 M$ pour le premier semestre 2025, ses filiales opérationnelles réalisant un résultat d'exploitation net de 563 000 $ avant les frais généraux du siège.
Les principaux indicateurs financiers ont montré une croissance substantielle, incluant une augmentation de 357,7% du chiffre d'affaires par action et une amélioration de 111% du bénéfice net par action. Malgré une augmentation du nombre d'actions en circulation à 4,51 milliards, la société a éliminé plus de 4,5 M$ de dettes et de passifs dérivés. AFFU prévoit des revenus pour l'exercice 2025 supérieurs à 6–7 M$ et poursuit des acquisitions stratégiques avec des plans pour une potentielle cotation au NASDAQ.
Affluence Corporation (OTCID:AFFU), ein diversifiziertes globales Technologieunternehmen, veröffentlichte ein Aktionärsschreiben mit wesentlichen finanziellen Verbesserungen nach der Übernahme von Mingothings (MTi) im Mai 2025. Das Unternehmen meldete für H1 2025 ein Nettoeinkommen von 2,1 Mio. $, wobei Tochtergesellschaften ein Netto-Betriebsergebnis von 563.000 $ vor Konzernaufwand erzielten.
Wesentliche Kennzahlen zeigten erhebliches Wachstum: darunter ein Umsatz pro Aktie-Anstieg von 357,7% und eine Verbesserung des Nettogewinns pro Aktie um 111%. Trotz einer Erhöhung der ausstehenden Aktien auf 4,51 Mrd. hat das Unternehmen über 4,5 Mio. $ an Schulden und derivativen Verbindlichkeiten beseitigt. AFFU prognostiziert Umsätze für das Geschäftsjahr 2025 von über 6–7 Mio. $ und verfolgt strategische Akquisitionen mit Plänen für ein mögliches NASDAQ-Listing.
- Net income of $2.1M reported for H1 2025, turning from previous losses
- Revenue per share increased by 357.7% to $0.000682
- Operating subsidiaries achieved $563,000 net operating income before overhead
- Eliminated over $4.5M in debt and derivative liabilities
- International contracts worth €6.4M signed with €3M already billed
- Projected FY2025 revenues of $6-7M from core operations
- Share count increased significantly from 1.27B to 4.51B shares
- Operating income still negative at -$52,574 after corporate overhead
- Additional share dilution expected from remaining convertible debt conversion
- Balance sheet restructuring not yet complete
OAKBROOK TERRACE, IL / ACCESS Newswire / September 8, 2025 / Affluence Corporation (OTCID:AFFU), a diversified global technology company focused on Smart City, Industrial IoT, and security software solutions, today issued a shareholder letter from Oscar Brito, President of Affluence, reflecting on the Company's financial results for the period ending June 30, 2025, and outlining its near-term strategic direction.
Dear Shareholders,
Following the successful acquisition of Mingothings (MTi) in May 2025, Affluence Corporation has entered a new chapter of measurable progress and focused execution.
I am pleased to share that for the six-month period ending June 30, 2025, Affluence Corporation reported net income of
Financial Performance Highlights1
(as of June 30, 2025, vs. December 31, 2024)
Metric | 12/31/2024 | 6/30/2025 | % Growth |
|---|---|---|---|
Total Assets per Share | + | ||
Current Assets per Share | + | ||
Revenue per Share | + | ||
Net Income per Share | + |
1The financial figures set forth herein are derived from the Company's financial statements included within the Quarterly Report for the period ended June 30, 2025 (the "Report") as filed and available at OTCMarkets.com. As set forth in the Report, the financial statements are management prepared and may be subject to revisions.
Even amid an increase in shares outstanding - from approximately 1.27 billion to 4.51 billion for the period - financial performance improved across all key metrics, proving the effectiveness of our restructuring strategy and the value of our operating subsidiaries.
However, the most important metric of our past period financial performance was that our operating divisions, Mingothings and other subsidiaries, direct and indirect, booked a net operating income (before corporate overhead) of approximately
The issuance of these shares was not random or dilutive in the traditional sense, but rather part of a deliberate cleanup of legacy obligations that has already eliminated over
Focused on the U.S. Market and Growth Through Acquisition
While our subsidiaries continue to perform well internationally - with over
To accelerate this trajectory, we are actively evaluating strategic acquisition targets, including one based in the United States. Our goal is to complete at least one acquisition before year-end, expanding our revenue base and positioning us closer to national listing eligibility.
Balance Sheet Restructuring and Capital Strategy
We understand shareholder concerns regarding dilution and want to address them directly and transparently.
Yes, new shares have been issued. But every issuance has served a purpose: reducing liabilities, retiring legacy debt (majority of which is toxic), and thus strengthening the capital structure and balance sheet of the Company.
That said, our financial reset is not yet complete. We are now entering the final phase of restructuring, wherein we are focused on the conversion of remaining convertible debt into long-term preferred equity
This step will:
Strengthen our balance sheet by adding structured equity in place of short-term liabilities;
Support uplisting requirements by increasing total net assets and improving shareholder equity;
Transition existing debt holders into longer-term investment instruments (structured preferred equity), better aligned with the Company's forward growth trajectory.
Once this phase is complete, the heavy lifting in our cleanup will be behind us. Of course, our plans will require the agreement of the holders of the remaining convertible debt; however, discussions to reach our stated goals have commenced and have been positive and very encouraging.
Outlook and Path to Uplisting
Our current core operations are projected to generate revenues exceeding
Final Thoughts
We are developing a fundamentally sound company built on solid revenues, cutting edge tech, established customer relationships, and sustainable growth potential. Our leadership team stays focused on execution, our business momentum accelerates, and our strategic roadmap provides clear direction forward.
We appreciate the trust placed in us by our shareholders and welcome those considering joining our journey. Regular updates will follow as we advance our strategic initiatives.
Sincerely,
Oscar Brito
President
Affluence Corporation
About Affluence Corporation
Affluence Corporation (AFFU.OTCID) is a diversified technology company focused on Smart City and industry software solutions. Through subsidiaries Mingothings SLU and OneMind Technologies SL, Affluence provides AI-enabled IoT, 5G, and data visualization platforms to enterprise and municipal clients worldwide.
Website: https://affucorp.com
About Mingothings SLU
Mingothings SLU ("MTi") is a specialist in integrated IoT solutions and data analytics for smart cities and connected industries. MTi provides real-time data platforms and consulting services to municipalities and large enterprises.
Website: https://www.mingothings.com
About OneMind Technologies SL
Based in Barcelona, Spain, OneMind Technologies develops and licenses advanced Command-and-Control software for smart cities, industrial environments, and security infrastructure. Its OneMind platform delivers centralized real-time visualization and actionable data intelligence.
Website: https://onemindng.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical in nature, including the words "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, the failure to retain management and/or key employees, availability and the cost of capital, success of growth initiatives, limited operating history, failure to successfully close any proposed acquisitions, failure to raise sufficient capital, and other risks discussed in our filings with the OTC Markets.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Affluence Corporation assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Media and Investor Contact
Email: press@affucorp.com
SOURCE: Affluence Corporation
View the original press release on ACCESS Newswire
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