King Resources, Inc., a company primarily engaged in the trading of arts and collectibles through its subsidiary Heavenly Grace Limited, has released its Form 10-Q report for the quarter ended December 31, 2025. The report highlights significant financial and operational metrics, reflecting the company's performance and strategic initiatives in the arts and collectibles market.
Financial Highlights
Revenue, net: $589,880. The increase in revenue for the three months ended December 31, 2025, was primarily due to sales of collectibles.
Gross Profit: $59,587. Gross profit increased due to the contribution of sales of collectibles.
Loss from operations: $(745,765). The loss from operations increased due to higher sales and marketing expenses.
Net (loss) income: $(745,765). The net loss increased mainly due to the increase in sales and marketing expenses.
Net income (loss) per share – Basic: $(0.01). Reflects the net loss per share for the three months ended December 31, 2025.
Net income (loss) per share – Diluted: $(0.01). Reflects the net loss per share for the three months ended December 31, 2025.
Business Highlights
Revenue Segments: The primary revenue driver for the company is its arts and collectibles business, operated through its subsidiary Heavenly Grace Limited. The company reported significant revenue from a single customer, Mirum Digital Media Limited, which accounted for 96.7% of the revenue for the three months ended December 31, 2025, and 90.8% for the nine months ended December 31, 2025.
Geographical Performance: The company's operations are primarily based in Hong Kong, where it conducts its arts and collectibles business. The political, economic, and legal environments in Hong Kong, as well as the general state of Hong Kong’s economy, may influence the company’s business, financial condition, and results of operations.
Sales Units: The company engages in the trading of arts and collectibles, utilizing blockchain and NFT technologies to enhance the experience for collectors. The company purchases collectibles at a discount from market value and sells them at or above market valuation through its online platform or third-party auction houses.
New Product Launches: The company has integrated blockchain and NFT technologies into its operations to create Digital Ownership Tokens (DOTs) for artworks and collectibles, enhancing the transparency and logistics of sales transactions.
Future Outlook: The company plans to expand its collectible sources worldwide and open its online trading platform to connect sellers and collectors, enabling transactions in exchange for platform and transaction fees. The company expects to rely on financing from existing shareholders and private placements to support its operations and future acquisitions.
SEC Filing: King Resources, Inc. [ KRFG ] – 10-Q – Feb. 23, 2026
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