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Trident Reports First Half 2025 Unaudited Financial Results

1. TDTH's revenue dropped significantly to $36,612 from $378,839 year-over-year. 2. Gross profit declined slightly, indicating potential operational challenges ahead. 3. Strategic investments targeting long-term growth signal confidence in future revenue. 4. Partnership with DRC aims to launch a national digital ID system. 5. Acquisition of Tongxin expands TDTH's Web 3.0 market presence.

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FAQ

Why Bearish?

The sharp decline in revenue highlights a concerning trend, historically evident with companies facing similar drops. Consideration of high operating expenses amidst marginal revenue may dampen investor confidence.

How important is it?

The drastic drop in revenue directly impacts investor sentiment while highlighting strategic shifts that may help recover in the future.

Why Short Term?

Immediate financial performance could overshadow future growth projections for TDTH. Investors often react quickly to poor earnings disclosures, impacting stock price in the near term.

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SPYARKKAMZN
September 23, 2025 07:00 ET  | Source: Trident Digital Tech Holdings Ltd SINGAPORE, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a Singapore-based catalyst for digital transformation and Web 3.0 activation, today announced its unaudited financial results for the six months ended June 30, 2025. First Half of 2025 Financial Highlights Total revenues were US$36,612, compared to US$378,839 for the six months ended June 30, 2024. Gross profit was US$17,643, compared to US$18,449 for the six months ended June 30, 2024. Soon Huat Lim, Trident’s Founder, Chairman, and Chief Executive Officer, commented, “Our 1H25 financial performance was marked with substantial strategic investments focused on long-term value creation. During the period, we also made additional strategic investments. These initiatives position us at the forefront of the digital asset ecosystem and underscore our conviction that building tomorrow’s infrastructure requires bold action today. With multiple revenue catalysts on the horizon, we are confident that our investments and strategic positioning will drive sustainable growth and create meaningful shareholder value in the quarters ahead.” Recent developments On June 25, 2025, Trident announced that it had signed the definitive public-private partnership (PPP) agreement with the Government of the Democratic Republic of Congo (“DRC”). The contract paved the way for nationwide deployment of “DRCPass,” the DRC’s robust national digital identification system, to be rolled out in phases with an accompanying public-education campaign. On August 18, 2025, Trident announced it had entered into a definitive sales and purchase agreement to acquire a 30% equity stake in Tongxin Innovation Limited (“Tongxin”), operator of the innovative ToMe Web 3.0 e-commerce platform on Telegram. The strategic investment represents a significant expansion of Trident’s Web 3.0 ecosystem and demonstrates the company’s commitment to pioneering blockchain-enabled e-commerce solutions. About Trident Trident is a leading catalyst for digital transformation in technology optimization and Web 3.0 activation. Its flagship product, Tridentity, is a blockchain-based identity platform that is designed to deliver secure single-sign-on authentication across diverse industries. Trident’s mission is to become a global leader in Web 3.0 enablement, connecting organizations to reliable and secure digital infrastructure with optimized user experiences, with a strong focus on Southern Africa and other high-growth markets. Safe Harbor Statement This announcement contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could also cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: potential adverse reactions or changes to business relationships; adverse changes in general economic or market conditions; and actions by third parties, including government agencies; the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; the political, economic, social and legal developments in the jurisdictions that the Company operates in or in which the Company intends to expand its business and operations; the Company’s ability to maintain and enhance its brand. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this announcement is as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For Investor/Media Enquiries Investor RelationsRobin Yang, Partner – ICR LLCinvestor@tridentity.me | +1 (212) 321-0602 Media RelationsBrad Burgess, SVP – ICR LLCbrad.burgess@icrinc.com TRIDENT DIGITAL TECH HOLDINGS LTDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In U.S. dollars, except for share and per share data, or otherwise noted)          As of June 30,  As ofDecember 31,   2025  2024 Assets      Current assets:      Cash $184,618  $194,113 Accounts receivable, net  102,078   80,587 Contract cost assets  159,247   138,740 Prepaid expenses and other current assets  1,208,106   1,246,256 Total current assets  1,654,049   1,659,696          Non-current assets:        Property and equipment, net  126,671   139,717 Operating lease right-of-use assets  871,955   991,796 Other non-current assets  -   243,040 Total non-current assets  998,626   1,374,553          TOTAL ASSETS  2,652,675   3,034,249          Liabilities        Current liabilities:        Current portion of long-term borrowings  65,952   59,887 Accounts payable  297,765   322,027 Deferred revenue  543,849   409,654 Amounts due to related parties  44,909   - Accrued expenses and other liabilities  293,216   191,098 Operating lease liabilities, current  397,266   363,297 Total current liabilities  1,642,957   1,345,963          Non-current liabilities:        Amounts due to related parties, non-current  5,822,294   1,345,225 Long-term borrowings  69,326   95,624 Operating lease liabilities, non-current  474,690   628,499 Total non-current liabilities  6,366,310   2,069,348          TOTAL LIABILITIES  8,009,267   3,415,311          COMMITMENTS AND CONTINGENCIES (note 15)                 Shareholders’ deficit        Class A Ordinary Shares (par value $0.00001 per share; 1,000,000,000 Class A ordinary shares authorized, 50,000,000 and 50,000,000 Class A ordinary shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) *  500   500 Class B Ordinary Shares (par value $0.00001 per share; 4,000,000,000 Class B ordinary shares authorized, 603,864,286 and 466,364,286 Class B ordinary shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) *  6,039   4,664 Additional paid-in capital  20,858,763   14,003,653 Accumulated deficit  (25,577,935)  (14,306,387)Accumulated other comprehensive loss  (643,959)  (83,492)Total shareholders’ deficit  (5,356,592)  (381,062)TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $2,652,675  $3,034,249    TRIDENT DIGITAL TECH HOLDINGS LTDUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(In U.S. dollars, except for share and per share data, or otherwise noted)     For the six months endedJune 30,   2025  2024 Net revenue $36,612  $378,839 Cost of revenue  (18,969)  (360,390)Gross profit  17,643   18,449          Operating expenses:        Selling expenses  (380,898)  (264,326)General and administrative expenses  (10,517,607)  (1,528,022)Research and development expenses  (447,369)  (172,519)Total operating expenses  (11,345,874)  (1,964,867)         Other (expenses)/income, net:        Financial expenses, net  (5,442)  (5,015)Other income  62,125   24,406 Total other income, net  56,683   19,391          Loss before income tax expense  (11,271,548)  (1,927,027)Income tax expenses  -   - Net loss  (11,271,548)  (1,927,027)         Other comprehensive loss:        Foreign currency translation adjustment  (560,467)  (53,481)Total comprehensive loss  (11,832,015)  (1,980,508)         Weighted average number of Ordinary Shares – basic and diluted*  621,289,700   501,964,286          Basic and diluted loss per ordinary share  (0.02)  (0.00)          * The shares and per share information are presented on a retroactive basis to reflect the reorganization (Note 1). The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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