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NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · SMALL CAP

J & Friends Holdings Ltd. JF

10 fiscal years on record · CNY · FY2025 reported · SEC filings only
$1.6M
$-1.3M
In brief

What this company does

We are a Nasdaq-listed group providing merchant digitalization and commerce-enablement solutions to small and medium enterprises (SME). Substantially all of our current operations are conducted in Australia. We currently offer three types of solutions catering to SMEs' evolving commerce needs: food and beverage (F&B) solution, retail solution, and payment solution. Our F&B solution enables restaurants, cafes and other hospitality merchants to digitize core front-of-house and back-of-house workflows, including order intake, menu management, kitchen coordination and store-level reporting, while supporting omni-channel operations across dine-in, takeaway and online ordering. Our retail solution enables merchants to manage checkout and store operations while digitizing inventory and purchasing workflows to improve operational efficiency, reduce shrinkage, and support expansion. We offer payment enablement capabilities that allow merchants to accept and manage electronic payments in connection with their in-store and omni-channel commerce activities. Our POS network is operated under a cloud-based subscription model, which supports continuous product updates, ongoing feature enhancements and modular adoption of additional capabilities over time.

Written from the business description in J and Friends Holdings Limited's annual report to the U.S. Securities and Exchange Commission, filed 24 April 2026. Every sentence was checked against that document before publication.

Growth
USD 1.6M
Revenue, FY2025 · full 10-year series below
Revenue CNY B Net income CNY B
FY2022 · Revenue 0.1 · Net income -0.2
0.8B1.6B-0.4B-0.8B2016201720182019202020212022202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−96 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -83.9% · Net -96.4%
-100%-200%-300%2016201720182019202020212022202320242025
ROE
FY2020 · ROE -832.8%
-500%2016201720182019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks

Total assetsUSD 9.3M
EquityUSD 1.5M
CashUSD 945,000.00
Gross debtUSD 1.8M
Net debtUSD 855,000.00
Current ratio1.25×

Net debt stands at 57% of equity.

The 10-year record
10 fiscal years
Every figure from documents filed with the SEC · CNY

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016
Revenue CNY B·0.00.10.10.20.41.31.60.80.1
Operating income CNY B···−0.1−0.1−0.2−0.70.0−0.1−0.2
EBITDA CNY B··········
Income tax CNY B·0.0−0.00.00.00.00.00.00.00.0
Net income CNY B···−0.2−0.1−0.3−0.90.0−0.1−0.2
Free cash flow CNY B········0.2·
EPS, diluted CNY ···−0.63−0.34−0.99−3.21−0.74−2.08·
Dividend / sh CNY ··········
Payout %··········
ROE %·····−832.8−145.30.4··

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 4 failures · 1 divergences in 46 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 49 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente4 failures1 divergent
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
Data on record since2016

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