Company Overview - mF International Limited is a British Virgin Islands holding company with three operating subsidiaries in Hong Kong [2] - The principal subsidiary, m-FINANCE, specializes in financial trading solutions and has approximately 20 years of experience in providing real-time forex and commodities trading platform solutions [2] - m-FINANCE offers a range of services including the mF4 Trading Platform, Trader Pro, and various value-added services for brokers and institutional clients across mainland China, Hong Kong, and Southeast Asia [2] Research Coverage - Zacks Small-Cap Research has initiated equity research coverage on mF International Limited [1]

Company Overview - mF International Limited is a British Virgin Islands holding company with three operating subsidiaries in Hong Kong [1] - The principal subsidiary, m-FINANCE, specializes in financial trading solutions, particularly through SaaS [1] - m-FINANCE has approximately 20 years of experience in providing real-time forex and commodities trading platform solutions [1] Annual General Meeting Resolutions - The shareholders approved the re-appointment of Yu Certified Public Accountant, P.C as the independent registered public accounting firm for the year ending December 31, 2025 [3] - Several directors were re-appointed to hold office until the next annual general meeting, including Mr. Tai Wai (Stephen) Lam, Mr. Chi Weng Tam, Mr. Sum (Philip) Cheng, Ms. Lai Sum (Christina) Liu, and Mr. Cheuk Ho Chan [3] - A consolidation of the issued and outstanding shares was approved on an 8:1 basis for both Class A and Class B ordinary shares [3] Product and Service Offerings - m-FINANCE provides a range of financial trading solutions including the mF4 Trading Platform, Trader Pro, and various liquidity solutions [1] - The company serves clients across mainland China, Hong Kong, and Southeast Asia, offering value-added services such as mobile applications and financial information [1]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 more than doubled year over year to $44.1 million from $21.5 million [7][13] - Adjusted net income increased to $17.3 million, representing a 158% increase from $6.7 million in the prior year [15] - Adjusted EBITDA also more than doubled to $24.5 million, with an adjusted EBITDA margin of 55.6% compared to 53.9% in the prior year [15] - GAAP net income attributable to stockholders was $4.6 million, compared to a GAAP net loss of $1.3 million in the prior year [15][16] Business Line Data and Key Metrics Changes - Life Solutions revenue was a key driver, with capital deployed increasing 128% to $124.9 million in Q1 2025 compared to $54.6 million in the prior year [13][14] - Asset management revenue for Q1 2025 was $7.8 million, marking the first full quarter of fees from acquisitions made in late 2024 [14] - New AUM inflows for asset management offerings were $151 million, with $123 million coming from newly launched private funds [9][10] Market Data and Key Metrics Changes - As of March 31, 2025, the company held cash and cash equivalents of $43.8 million and balance sheet policy assets valued at $448.1 million [9][16] - The company reported annualized adjusted return on equity of 16% and adjusted return on invested capital of 16.7% [16] Company Strategy and Development Direction - The company aims to solidify its position as a leader in alternative asset management and wealth management, focusing on uncorrelated assets [12] - The rebranding to Abacus Global Management reflects its evolution and expanded global market presence [10] - The company is committed to executing its growth strategy and expanding its brand recognition through new advertising campaigns [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current market volatility and achieving full-year 2025 adjusted net income guidance of $70 million to $78 million, implying growth of 51% to 68% [7][16] - The macro environment remains uncertain, but the company believes it is well-positioned to capitalize on opportunities arising from market dislocations [9][12] Other Important Information - The company has purchased over $10 billion in face value of life insurance policies since February 2004 [10] - The technology solutions segment has seen significant growth, with nearly one million lives currently tracked and an additional 700,000 in trial [42] Q&A Session Summary Question: Has there been an uptick in inquiries from policyholders since Liberation Day? - Management noted a noticeable uptick in interest from policyholders seeking liquidity and from investors looking for uncorrelated assets [21][23] Question: How does the company view the new repurchase authorization? - Management discussed the strategic decision to repurchase stock based on valuation and potential returns compared to acquiring new policies [24][25] Question: Is the company fully deployed today? - Management confirmed that the capital deployment in Q1 was higher than historical levels and expressed confidence in continuing to recycle capital effectively [28][30] Question: What are the latest thoughts on the carrier buyback program? - Management indicated ongoing activity in the buyback program and noted increasing competition for assets from investors [32][33] Question: Can you provide an update on the technology solutions segment? - Management reported significant growth in the number of lives tracked and highlighted the potential for cross-selling asset management services [42][44] Question: What is the mix of policy acquisitions? - Management stated that approximately 40% of policy flow was direct to consumer, 40% from financial advisors, and 20% from brokers, maintaining a consistent split [66]