Minehub Technologies (MHUB) Q4 2025 earnings summary

Executive summary

• Achieved $14.7 billion in gross merchandise value (GMV) on the platform, a 20% year-over-year increase driven by new and existing customer activity.

• Maintained a 100% renewal rate among key enterprise customers, reflecting strong customer retention and value delivery.

• Fiscal 2025 marked a strategic shift to prioritize recurring SaaS revenue, resulting in a 17% year-over-year increase in this segment.

• Expanded into the Chinese copper market and broadened commercial agreements with major partners, including Sumitomo, Elaine Technology, and other industry players.

• Launched new platform features such as the document uploader, Trade Insights Dashboard, and Asset Exchange Dashboard, all seeing strong adoption.

Financial highlights

• Fiscal 2025 revenue reached $2 million, up 1% year-over-year, with SaaS revenue increasing by $240,374 (17%) and offsetting a decline in professional services.

• Net loss improved to $6.2 million from $6.5 million in the prior year, a 4% reduction due to operating expense cuts.

• Fourth quarter revenue was $386,391, down from the prior year due to the transition away from one-off professional services.

• Fourth quarter net loss was $1.6 million, compared to $1.2 million in the same period last year.

• Approximately 87 million shares outstanding as of January 31, 2025.

Outlook and guidance

• Focused on expanding within copper and aluminum markets and increasing trade volumes with existing customers.

• Targeting growth in China and India, leveraging regulatory and operational expertise.

• Accelerating pipeline development in adjacent verticals such as steel, nickel, and scrap markets, with AI-driven sales and strategic collaborations.

• Deepening integrations with strategic partners like Surecomp and ABAX to unlock cross-selling and ecosystem expansion.

• Management expects ARR growth and progress toward profitability, supported by platform enhancements and cost containment.