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    Trident Reports First Half 2025 Unaudited Financial Results

    9/23/25 7:00:00 AM ET
    $TDTH
    Real Estate
    Real Estate
    Get the next $TDTH alert in real time by email

    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 Relations

    Robin Yang, Partner – ICR LLC

    [email protected] | +1 (212) 321-0602

    Media Relations

    Brad Burgess, SVP – ICR LLC

    [email protected]





    TRIDENT DIGITAL TECH HOLDINGS LTD

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In U.S. dollars, except for share and per share data, or otherwise noted)
     
           
      As of

    June 30,
      As of

    December 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 LTD

    UNAUDITED 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 ended

    June 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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