TDIC
TDIC
Dreamland Limited Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $1.9M | $410.53K | $477.54K | 25.11% | $0.02 | $686.71K |
What's going well?
The company reported a solid net profit and healthy net margin. There is no sign of share dilution, and taxes and interest costs are manageable.
What's concerning?
The core business is losing money, with an operating loss and very thin gross profit. Most of the profit comes from non-operating sources, which may not be reliable in the future.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $23.42M ▲ | $58.74M ▲ | $49.81M ▲ | $8.93M ▲ |
| Q2-2025 | $1.36M ▼ | $28.35M ▲ | $23.13M ▲ | $5.21M ▲ |
| Q4-2024 | $3.82M | $13.15M | $10.65M | $2.5M |
What's financially strong about this company?
TDIC has dramatically increased its cash and short-term investments, giving it a strong buffer against tough times. Most assets are liquid, and there is no goodwill or intangible risk. Shareholder equity and retained earnings are both growing.
What are the financial risks or weaknesses?
The company is delaying payments to suppliers, as seen by the huge jump in payables. Deferred revenue has disappeared, which could mean fewer customer prepayments. Debt has also increased slightly.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $477.54K | $-1.04M | $-1.22M | $4.29M | $2.03M | $0 |
What's strong about this company's cash flow?
The company raised a large amount of cash this quarter through financing, boosting its cash balance. Working capital changes also temporarily helped cash flow.
What are the cash flow concerns?
Core operations are losing over $1 million in cash, and the company is highly dependent on outside funding. Shareholders are being diluted by large new stock issuances, and the cash position is only strong because of this new money.
5-Year Trend Analysis
A comprehensive look at Dreamland Limited Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
TDIC’s core strengths are its explosive revenue growth, proven ability to turn a loss-making model into a profitable one, and its niche positioning in immersive IP-based entertainment. The balance sheet now carries a healthier cash position and positive retained earnings, reflecting the value of recent performance and capital raises. Operationally, the company has experience delivering many large-scale events across multiple regions, and has built relationships with numerous IP and brand owners. Its focus on process and platform improvements suggests management is thinking about scalability rather than only one-off events.
Key risks center on cost control, cash flow volatility, leverage, and execution. Operating and administrative expenses surged in the latest year, driving a collapse in operating margins even as sales soared. Cash flow from operations turned sharply negative and capital expenditures jumped, leaving the company reliant on new debt and equity financing. Competitive pressures for top-tier IP, exposure to event and consumer demand cycles, governance concerns highlighted by listing compliance issues, and potential dilution from future capital raises all add to the risk profile.
The forward picture for TDIC is one of high potential coupled with high uncertainty. If management can rein in overheads, stabilize cash generation, and successfully deploy new investments into profitable events, the company could emerge as a meaningful player in the live IP entertainment niche. Its growing cash base and expanded asset platform provide resources to pursue this vision, but they come with higher obligations and expectations. The next few years will likely be decisive in showing whether TDIC can convert rapid, investment-fueled expansion into a durable, financially stable franchise.
About Dreamland Limited Class A Ordinary Shares
https://www.trendicint.comA Hong Kong–based event management company that organizes, promotes, and manages themed touring, walk-through experience events for IP owners—primarily from animation and live‑action film franchises; also involved in merchandise and pop-up events.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $1.9M | $410.53K | $477.54K | 25.11% | $0.02 | $686.71K |
What's going well?
The company reported a solid net profit and healthy net margin. There is no sign of share dilution, and taxes and interest costs are manageable.
What's concerning?
The core business is losing money, with an operating loss and very thin gross profit. Most of the profit comes from non-operating sources, which may not be reliable in the future.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $23.42M ▲ | $58.74M ▲ | $49.81M ▲ | $8.93M ▲ |
| Q2-2025 | $1.36M ▼ | $28.35M ▲ | $23.13M ▲ | $5.21M ▲ |
| Q4-2024 | $3.82M | $13.15M | $10.65M | $2.5M |
What's financially strong about this company?
TDIC has dramatically increased its cash and short-term investments, giving it a strong buffer against tough times. Most assets are liquid, and there is no goodwill or intangible risk. Shareholder equity and retained earnings are both growing.
What are the financial risks or weaknesses?
The company is delaying payments to suppliers, as seen by the huge jump in payables. Deferred revenue has disappeared, which could mean fewer customer prepayments. Debt has also increased slightly.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $477.54K | $-1.04M | $-1.22M | $4.29M | $2.03M | $0 |
What's strong about this company's cash flow?
The company raised a large amount of cash this quarter through financing, boosting its cash balance. Working capital changes also temporarily helped cash flow.
What are the cash flow concerns?
Core operations are losing over $1 million in cash, and the company is highly dependent on outside funding. Shareholders are being diluted by large new stock issuances, and the cash position is only strong because of this new money.
5-Year Trend Analysis
A comprehensive look at Dreamland Limited Class A Ordinary Shares's financial evolution and strategic trajectory over the past five years.
TDIC’s core strengths are its explosive revenue growth, proven ability to turn a loss-making model into a profitable one, and its niche positioning in immersive IP-based entertainment. The balance sheet now carries a healthier cash position and positive retained earnings, reflecting the value of recent performance and capital raises. Operationally, the company has experience delivering many large-scale events across multiple regions, and has built relationships with numerous IP and brand owners. Its focus on process and platform improvements suggests management is thinking about scalability rather than only one-off events.
Key risks center on cost control, cash flow volatility, leverage, and execution. Operating and administrative expenses surged in the latest year, driving a collapse in operating margins even as sales soared. Cash flow from operations turned sharply negative and capital expenditures jumped, leaving the company reliant on new debt and equity financing. Competitive pressures for top-tier IP, exposure to event and consumer demand cycles, governance concerns highlighted by listing compliance issues, and potential dilution from future capital raises all add to the risk profile.
The forward picture for TDIC is one of high potential coupled with high uncertainty. If management can rein in overheads, stabilize cash generation, and successfully deploy new investments into profitable events, the company could emerge as a meaningful player in the live IP entertainment niche. Its growing cash base and expanded asset platform provide resources to pursue this vision, but they come with higher obligations and expectations. The next few years will likely be decisive in showing whether TDIC can convert rapid, investment-fueled expansion into a durable, financially stable franchise.
CEO
Wai Yue Seto
Compensation Summary
(Year )
Ratings Snapshot
Rating : C