Logo

MIMI

Mint Incorporation Limited

MIMI

Mint Incorporation Limited • NASDAQ
$0.53 ▲ 1.43% (+0.01)
Market Cap $13.17 M
52w High $13.69
52w Low $0.34
Dividend Yield 0%
P/E -7.52
Volume 437.89K
Outstanding Shares 25.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $963.447K $1.026M $-796.514K -82.673% $-0.036 $-893.296K ▲
Q3-2025 $963.447K ▲ $1.026M ▲ $-796.514K ▼ -82.673% ▼ $-0.036 ▼ $-893.468K ▼
Q2-2025 $171.541K ▼ $38.527K ▼ $16.893K ▼ 9.848% ▼ $0.001 ▼ $23.168K ▼
Q1-2025 $669.748K ▼ $150.422K ▼ $65.956K ▼ 9.848% ▼ $0.003 ▼ $82.053K ▼
Q4-2024 $1.455M $198.615K $307.442K 21.137% $0.015 $355.168K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $4.52M ▼ $7.576M $1.776M $5.799M
Q3-2025 $4.603M ▲ $7.576M ▲ $1.776M ▲ $5.799M ▲
Q2-2025 $129.196K ▼ $405.762K ▼ $233.331K ▼ $172.43K ▼
Q1-2025 $1.022M ▲ $3.152M ▲ $1.812M ▲ $1.339M ▲
Q4-2024 $317.322K $2.111M $913.749K $1.198M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $-796.514K $0 $0 $0 $0 $0
Q3-2025 $-796.514K ▼ $0 $0 $0 $0 $0
Q2-2025 $65.956K $0 $0 $0 $0 $0
Q1-2025 $65.956K ▼ $0 $0 $0 $0 $0
Q4-2024 $307.442K $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Mint is essentially at a pre‑revenue, pre‑scale stage based on the reported figures. There is no meaningful operating revenue or profit showing up yet, which suggests the new robotics and AI initiatives are still in build‑out rather than monetization mode. Earnings per share have bounced between small gains and small losses over the last few years, reflecting a company that is tiny in financial terms and still searching for a stable earnings base. Overall, the income statement reads more like that of a development‑stage business than a mature engineering and construction company.

Balance Sheet

Balance Sheet The balance sheet is very small and simple, with only a thin layer of assets and equity and no visible debt. This points to a company that has only recently listed and has not yet built up a large asset base or heavy borrowing. On the positive side, the lack of leverage reduces financial strain. On the risk side, the modest scale means limited resources to absorb missteps or delays as it builds its robotics and AI capabilities. The financial foundation is light, so execution and access to future funding will matter a lot.

Cash Flow

Cash Flow Reported operating cash flow and free cash flow are basically flat, which fits with a business that has not yet scaled revenue or capital spending. There is no sign yet of strong cash generation, but also no sign of heavy investment outflows in the historical data. This likely understates what will be needed going forward: to build robotics, AI, and smart facility platforms, the company will almost certainly need to spend more on development, people, and equipment. The key question is whether future cash inflows from new contracts will keep pace with that spending.

Competitive Edge

Competitive Edge Mint sits at an interesting crossroads. In its traditional interior design and fit‑out segment, it has an established reputation in Hong Kong but faces intense competition from both larger global firms and many local players, making pricing power limited. The new smart facility management arm, built around robotics, IoT, and AI, enters an already active field with global technology providers and specialized niche firms. Mint’s potential edge is its ability to combine design, facility operations know‑how, and new technology, plus the option to cross‑sell tech solutions to existing design clients. However, its moat is still theoretical: it must prove that its integrated platform is genuinely easier to use, more effective, or cheaper than alternatives. Until clear customer wins and reference projects emerge, its competitive position should be viewed as early‑stage and unproven.

Innovation and R&D

Innovation and R&D The strategic pivot into robotics and AI through Axonex Intelligence and the Axonex Robotics joint venture is the most forward‑looking part of the story. The plan is to blend robots, connected devices, digital twins, and AI analytics into a smart facility management platform that can automate tasks, cut energy use, and reduce downtime. Partnering with a robotics design specialist helps Mint move faster up the technology curve rather than starting from scratch. The innovation upside is considerable if the company can deliver reliable robots, useful predictive algorithms, and a seamless user experience. The main risks are execution and focus: moving from a project‑based design firm to a product‑ and platform‑driven tech provider is a big cultural and technical leap, and early R&D may not translate quickly into commercial wins.

Summary

Mint Incorporation is in transition from a small, traditional interior design and fit‑out business to an ambitious, technology‑driven player in smart facility management. Financially, it is tiny, largely pre‑revenue in its new focus area, and operating with a very light balance sheet and no apparent leverage, which limits both downside protection and firepower. Strategically, the move into robotics, AI, and digital twins opens a much larger addressable market but also throws the company into competition with well‑funded and more established tech firms. The long‑term story depends on whether Mint can turn its vision into concrete products, reference customers, and recurring service revenue. At this stage, it looks like an early, high‑uncertainty transformation story where execution, partnerships, and access to ongoing funding will be decisive.

NEWS

October 2, 2025 · 8:15 AM UTC

Mint Incorporation Limited Announces Voluntary Lock-ups by Certain Shareholders

Read more