NIP Group (NIPG) investor relations material

Executive summary

• Net revenue increased from $85.3 million in 2024 to $126.5 million in 2025, driven by growth in talent management, event production, and the launch of Bitcoin mining operations.

• Gross margin declined from 3.5% in 2024 to -1.2% in 2025, with a gross loss of $1.5 million in 2025 due to higher costs and a shift in revenue mix.

• Net loss widened significantly to $238.1 million in 2025, primarily due to non-cash goodwill and intangible asset impairments totaling $186.9 million and $64.4 million, respectively.

• The company completed a major asset acquisition in Bitcoin mining, expanded its global footprint, and executed a strategic partnership in the Middle East.

Financial highlights

• Net revenue: $126.5 million in 2025, up 48% year-over-year.

• Gross loss: $1.5 million in 2025, compared to gross profit of $3.0 million in 2024.

• Net loss: $238.1 million in 2025, compared to $12.7 million in 2024.

• Adjusted EBITDA: -$11.3 million in 2025, with an adjusted EBITDA margin of -9.0%.

• Cash and cash equivalents: $7.1 million as of December 31, 2025.

• Major non-cash charges: $122.5 million goodwill impairment and $64.4 million intangible asset impairment in 2025.

Outlook and guidance

• Management expects continued revenue growth from talent management, event production, and Bitcoin mining.

• Focus remains on expanding global operations, diversifying revenue streams, and improving operational efficiency.

• No cash dividends are planned in the foreseeable future; earnings will be reinvested for growth.