Enigmatig Reports 12.2% Revenue Growth and 68.8% Gross Margin in Fiscal 2025 Following NYSE American Listing

Rhea-AI Summary

Enigmatig (NYSE: EGG) reported audited fiscal 2025 results for the year ended September 30, 2025: revenue +12.2% to US$4.45M, gross margin 68.8%, net profit US$0.6M and cash of US$13.2M following its NYSE American listing. The company filed its 20-F for FY2025 and cited IPO-related expenses as drivers of higher operating costs.

Positive

• Revenue +12.2% to US$4.45 million in FY2025
• Cash balance increased to US$13.2M as of Sept 30, 2025
• Gross margin expanded to 68.8%

Negative

• Operating expenses rose to US$2.5M from US$1.6M (FY2024)
• Profit from operations declined to US$0.5M from US$1.0M

Market Reaction

+14.86% $5.41 1.7x vol

15m delay 6 alerts

+14.86% Since News

$5.41 Last Price

$5.11 $5.80 Day Range

+$20M Valuation Impact

$152M Market Cap

1.7x Rel. Volume

Following this news, EGG has gained 14.86%, reflecting a significant positive market reaction. Our momentum scanner has triggered 6 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $5.41. This price movement has added approximately $20M to the company's valuation. Trading volume is above average at 1.7x the average, suggesting increased trading activity.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Revenue growth: 12.2% year-over-year Corporate services income 2025: US$4.5 million Gross margin 2025: 68.8% +5 more

8 metrics

Revenue growth 12.2% year-over-year Fiscal year ended September 30, 2025

Corporate services income 2025 US$4.5 million Fiscal year 2025 vs US$4.0 million in 2024

Gross margin 2025 68.8% Fiscal year 2025 vs 67.1% in 2024

Gross profit 2025 US$3.1 million Fiscal year 2025 vs US$2.7 million in 2024

Profit from operations 2025 US$0.5 million Fiscal year 2025 vs US$1.0 million in 2024

Net profit 2025 US$0.6 million Fiscal year 2025 vs US$0.8 million in 2024

Cost of sales 2025 US$1.4 million Fiscal year 2025 vs US$1.3 million in 2024

Cash and equivalents 2025 US$13.2 million As of September 30, 2025 vs US$1.6 million in 2024

Market Reality Check

Price: $4.71 Vol: Volume 12,499 is in line ...

normal vol

$4.71 Last Close

Volume Volume 12,499 is in line with its 20-day average of 12,736 (relative volume ~1.0x). normal

Technical Shares at $4.71 are trading below the 200-day MA of $5.14, after a -14.05% move.

Peers on Argus

Peer action looks mixed: ROMA appeared in momentum scanners and moved down (-10....

1 Up 1 Down

Peer action looks mixed: ROMA appeared in momentum scanners and moved down (-10.53%), while ZGM moved up (+7.96%). With only one peer in each direction and no same-day peer news, the move in EGG screens as stock-specific rather than a broad consulting-sector rotation.

Historical Context

1 past event · Latest: Sep 26 (Positive)

Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Sep 26	Strategic partnership MOU	Positive	+9.7%	First post-listing MOU with TVA Capital to expand Asia Pacific services.

Pattern Detected

Limited history: the last tracked news (strategic MOU) saw a positive price reaction, so today’s drop on growth and margin expansion contrasts with that prior alignment.

Recent Company History

Recent disclosures highlight Enigmatig’s transition to a listed company and its regional expansion strategy. On Sep 26, 2025, the firm announced an MOU with TVA Capital focused on Asia Pacific advisory and M&A opportunities; the stock rose about 9.72% over 24 hours. Today’s full-year 2025 results show continued revenue growth and high gross margins, but the market reaction is negative despite these operational positives.

Market Pulse Summary

The stock is surging +14.9% following this news. A strong positive reaction would align with Enigmat...

Analysis

The stock is surging +14.9% following this news. A strong positive reaction would align with Enigmatig’s fundamentals, which include 12.2% revenue growth, a 68.8% gross margin and cash of US$13.2 million. Historically, the stock also reacted well to strategic news like the TVA MOU, which saw a 9.72% move. Investors would still need to weigh slower profit growth and rising operating expenses when assessing how durable any rally might be.

Key Terms

form 20-f, ipo, memorandum of understanding (mou)

3 terms

form 20-f regulatory

"filed its annual report on Form 20-F for the fiscal year ended"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

ipo financial

"following the Company’s NYSE American listing... celebrated its IPO listing"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

memorandum of understanding (mou) financial

"signed a Memorandum of Understanding (MOU) with Thailand-based TVA Capital"

A memorandum of understanding (MOU) is a written outline where two or more parties describe their shared intentions, key terms and roles for a proposed deal without forming a full binding contract. For investors it acts like a concrete handshake: it signals the seriousness and likely direction of partnerships, mergers or supply arrangements, helping assess the probability, timing and potential impact of future agreements on a company’s value.

AI-generated analysis. Not financial advice.

SINGAPORE, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Enigmatig Limited (NYSE American: EGG) (“Enigmatig” or the “Company”), a global business enabler supporting companies expanding across borders, today announced audited financial results for the fiscal year ended September 30, 2025. Revenue increased 12.2% year over year, with gross margin expanding to 68.8% and a strengthened balance sheet following the Company’s NYSE American listing. The Company also announced that it has filed its annual report on Form 20-F for the fiscal year ended September 30, 2025 with the U.S. Securities and Exchange Commission.

Fiscal Year 2025 Financial Highlights

●	Total corporate services income increased by 12.2% to US$4.5 million for fiscal year 2025, compared with US$4.0 million for fiscal year 2024.
●	Cost of sales was US$1.4 million for fiscal year 2025, compared with US$1.3 million for fiscal year 2024.
●	Gross profit increased by 14.9% to US$3.1 million for fiscal year 2025, compared with US$2.7 million for fiscal year 2024.
●	Profit from operations was US$0.5 million for fiscal year 2025, compared with US$1.0 million for fiscal year 2024.
●	Net profit was US$0.6 million for fiscal year 2025, compared with US$0.8 million for fiscal year 2024.

Business Updates

●	In August 2025, the Company celebrated its IPO listing with a bell-ringing ceremony at the New York Stock Exchange (“NYSE”), marking a major milestone in its global expansion journey.
●	In September 2025, the Company signed a Memorandum of Understanding (MOU) with Thailand-based TVA Capital Consultancy Co., Ltd. (“TVA Capital”) to jointly pursue opportunities in corporate and financial advisory as well as M&A. This collaboration marks the Company’s first strategic partnership since its NYSE listing and establishes Thailand as a gateway for further expansion in Asia Pacific.

Management Quotes

“Fiscal 2025 marked our transition from a privately operated business to a publicly listed growth company with the operational scale to drive our next phase of development,” said Desmond Foo, Enigmatig’s Founder and CEO. “Supported by revenue growth, margin improvement, and a strengthened balance sheet following our IPO, we remain focused on expanding across high-growth markets in Asia Pacific and the Middle East, investing in technology, and forming strategic partnerships to drive long-term shareholder value.”

“We delivered double-digit revenue growth and increased gross margins to 68.8% for 2025, driven by robust demand for our recurring corporate secretarial services, demonstrating the scalability of our model, said Mingwen Teo, Enigmatig’s Director and CFO. “While reported net profit reflects one-off IPO-related expenses, our core operating performance remains strong. With US$13.2 million in cash, we are well-positioned to invest in technology and infrastructure that enhance operation leverage and support sustainable growth and expansion.”

Fiscal Year 2025 Financial Results

Corporate Services Income

Corporate services income grew by 12.2% year-over-year to US$4.5 million for fiscal year 2025, up from US$4.0 million in fiscal year 2024. The increase was primarily attributable to expanded service scopes and deepened relationships within our existing client base, supported by the onboarding of new clients.

The table below sets forth the breakdown of our corporate services income for the periods indicated:

		For the Year Ended September 30,
		2024								2025
		US$				%				US$				%
Corporate services income:
License application and renewal services			2,126,338				53.6	%			2,215,522				49.8	%
Corporate secretarial and other services			1,841,464				46.4	%			2,236,184				50.2	%
Total			3,967,802				100.0				4,451,706				100.0

●

License application and renewal services. Income from license application and renewal services increased by 4.2% to US$2.2 million, up from US$2.1 million for the prior year, reflecting steady demand from our established client base. While the segment continued to grow, its contribution to total revenue shifted to 49.8% from 53.6% in the prior year, in line with the Company’s strategic initiative to diversify its service offerings, capturing broader value across the client lifecycle.

●

Corporate secretarial and other services. Income from corporate secretarial and other services rose by 21.4% to US$2.2 million from US$1.8 million for fiscal year 2024, fueled by stronger engagement among both new and existing clients. This faster-growing segment now represents 50.2% of total revenue, up 3.8 percentage points year over year, demonstrating successful execution of our diversification strategy.

Cost of Sales

Cost of sales was US$1.4 million for fiscal year 2025, compared to US$1.3 million for fiscal year 2024. The Company’s cost of sales primarily comprises staff costs, license application and renewal services costs, and corporate secretarial and related services costs. While total costs increased year over year, the Company benefited from economies of scale, with fixed costs more efficiently absorbed across a larger revenue base.

Gross Profit

Gross profit increased by 14.9% to US$3.1 million from US$2.7 million for fiscal year 2024. Gross margin for fiscal year 2025 expanded to 68.8%, compared to 67.1% for fiscal year 2024, reflecting improved operating leverage and enhanced service efficiency.

Operating Expenses

Operating expenses totaled US$2.5 million, compared with US$1.6 million for fiscal year 2024. The increase was primarily driven by non-recurring IPO-related expenses, including professional service fees and Directors and Officers liability insurance.

Profit from Operations

Profit from operations reached US$0.5 million, compared with US$1.0 million for fiscal year 2024.

Other Income

Other income totaled US$0.3 million, compared to a loss of US$0.06 million for fiscal year 2024. The increase was primarily driven by interest income and a release of customer deposits.

Net Profit

The Company reported net profit of US$0.6 million for fiscal year 2025, compared with US$0.8 million for fiscal year 2024.

Cash and Cash Equivalents

As of September 30, 2025, the Company had cash and cash equivalents of US$13.2 million, compared with US$1.6 million as of September 30, 2024, strengthening its financial position following its successful IPO.

Annual Report on Form 20-F

The Company’s Annual Report on Form 20-F for the fiscal year ended September 30, 2025 has been filed with the SEC and is available on the Investor Relations section of the Company’s website at http://investors.enigmatig.com and on the SEC’s website at www.sec.gov. Shareholders may receive a hard copy of the Company’s complete audited financial statements free of charge upon request.

Note: Unless otherwise stated, all financial results are prepared in accordance with U.S. Generally Accepted Principles (U.S. GAAP)

About Enigmatig Limited

Enigmatig is a global business enabler supporting companies in achieving their international ambitions. Since 2010, we have provided expertise, infrastructure, and regulatory guidance to help businesses operate and scale across borders.

With capabilities spanning licensing, fintech, regtech and other corporate services, Enigmatig delivers tailored solutions across the business lifecycle — from incorporation to ongoing compliance. Our team navigates complex regulatory environments across major financial hubs and key offshore centers, including London, Cyprus, and Belize.

Headquartered in Singapore, with a presence in Hong Kong, Shanghai, London, and Bangkok, Enigmatig serves a diverse and growing international client base. For more information, please visit: https://enigmatig.com

Safe Harbor Statement

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “is/are likely to,” “potential,” “project” or “continue” or the negative of these terms or other comparable or similar terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

For investor and media inquiries, please contact:

Enigmatig Investor Relations
Email: investors@enigmatig.com

ENIGMATIG LIMITED CONSOLIDATED BALANCE SHEETS (In U.S. dollars, except for share and per share data, or otherwise noted)
		As of
		September 30, 2024				September 30, 2025
ASSETS
Current assets
Cash and cash equivalents		$	1,593,037			$	13,206,006
Accounts receivable, net			1,081,866				1,237,290
Contract assets			528,342				46,347
Other current assets			153,241				578,783
Due from related party			-				29,733
Total current assets			3,356,486				15,098,159
Non-current assets
Property and equipment, net			731				218,450
Right-of-use assets, net			104,911				721,176
Deposits			21,549				2,179,519
Total non-current assets			127,191				3,119,145
Total assets		$	3,483,677			$	18,217,304
LIABILITIES
Current liabilities
Accounts payable		$	327,992			$	334,923
Accrual and other liabilities			205,875				122,783
Contract liabilities			1,048,934				765,229
Operating lease liabilities, current			58,561				300,824
Income taxes payable			28,230				293,088
Total current liabilities			1,669,592				1,816,847
Non-current liabilities
Operating lease liabilities, non-current			33,557				407,622
Total non-current liabilities			33,557				407,622
Total liabilities		$	1,703,149			$	2,224,469

ENIGMATIG LIMITED CONSOLIDATED BALANCE SHEETS (In U.S. dollars, except for share and per share data, or otherwise noted)
		As of
		September 30, 2024				September 30, 2025
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Class A ordinary shares, US$0.000002 par value, 17,500,000,000 shares authorized, 12,255,200 and 9,250,000 issued and outstanding as of September 30, 2025 and 2024			19				25
Class B ordinary shares, US$0.000002 par value, 7,500,000,000 shares authorized, 15,750,000 issued and outstanding as of September 30, 2025 and 2024			31				31
Additional paid-in capital		$	117,320			$	13,801,234
Retained earnings			1,519,286				2,078,949
Accumulated other comprehensive (loss) income			143,872				112,596
Total shareholders’ equity			1,780,528				15,992,835
Total liabilities and shareholders’ equity		$	3,483,677			$	18,217,304

ENIGMATIG LIMITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (In U.S. dollars, except for share and per share data, or otherwise noted)
		For the Year Ended September 30,
		2024				2025
Corporate services income		$	3,967,802			$	4,451,706
Cost of sales			(1,304,075	)			(1,390,929	)
Gross profit			2,663,727				3,060,777
Operating expenses:
Payroll and employee benefits			(426,445	)			(546,951	)
Depreciation expenses			(5,818	)			(33,039	)
Operating lease expenses			(95,532	)			(208,429	)
Other operating expenses			(1,113,213	)			(1,734,361	)
Total operating expenses			(1,641,008	)			(2,522,780	)
Profit from operations			1,022,719				537,997
Other (loss)/income:
Other (loss)/income, net			(59,315	)			317,168
Total other (loss)/income			(59,315	)			317,168
Profit before tax expense			963,404				855,165
Income tax expense			(142,212	)			(295,502	)
Net profit			821,192				559,663
Other comprehensive income:
Foreign currency translation adjustment, net of income tax			146,659				(31,276	)
Total comprehensive income		$	967,851			$	528,387
Net Income (loss) per share attributable to ordinary shareholders
Basic and diluted			0.03				0.02
Weighted average number of ordinary shares used in computing net income per share
Basic and diluted			25,000,000				25,872,743

FAQ

How much revenue did Enigmatig (EGG) report for fiscal 2025?

Enigmatig reported US$4.45 million in revenue for fiscal 2025, a 12.2% increase year‑over‑year. According to the company, growth was driven by expanded service scopes and new client onboarding across its corporate services segments.

What drove Enigmatig's gross margin of 68.8% in FY2025 for EGG?

Gross margin reached 68.8% in FY2025, reflecting improved operating leverage and service efficiency. According to the company, economies of scale and higher recurring corporate secretarial service demand supported the margin expansion.

Why did Enigmatig (EGG) report higher operating expenses in fiscal 2025?

Operating expenses rose to US$2.5M, mainly due to non‑recurring IPO‑related professional fees and D&O insurance. According to the company, these one‑time costs increased expenses versus FY2024.

How much cash did Enigmatig (EGG) hold after its NYSE American listing?

Enigmatig held US$13.2M in cash and equivalents as of Sept 30, 2025, a material increase from US$1.6M. According to the company, proceeds strengthened the balance sheet to fund technology and expansion investments.

What happened to Enigmatig's profit from operations and net profit in FY2025 (EGG)?

Profit from operations fell to US$0.5M from US$1.0M, while net profit was US$0.6M in FY2025. According to the company, IPO‑related one‑offs reduced operating profit despite core business strength.

Did Enigmatig (EGG) file its annual report (Form 20‑F) for fiscal 2025?

Yes; the company filed its Form 20‑F for the year ended Sept 30, 2025. According to the company, the report is available on its investor relations site and the SEC website, with hard copies available upon request.