COMP <GO>

AMTD vs MI // EV/EBITDA & P/E VALUATION

AMTD IDEA Group each representing three hundred sixty (360) (Class A) (NYSE) VS. NFT Limited Class A Ordinary Share (NYSE) • 15-METRIC TALLY: AMTD 4 — MI 2

■ METRIC PARITY

AMTD — AMTD IDEA Group each representing three hundred sixty (360) (Class A) ROARABLE C- • RQD 59/100

LAST: $20.68 (+1.85%) • MKT CAP: $33.0M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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MI — NFT Limited Class A Ordinary Share ROARABLE E • RQD 31/100

LAST: $0.43 (-2.47%) • MKT CAP: $35.7M

DES <GO> FA <GO> 10-K RED <GO>

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AMTD VS. MI) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AMTD	MI	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	4.90%	-0.90%	+5.80	AMTD	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	-60.00%	—	TIE	/operating-margins <GO>
Net Profit Margin	66.40%	-60.00%	+126.40	AMTD	/net-margins <GO>
Revenue Growth (YoY)	25.80%	-2.00%	+27.80	AMTD	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	1/9	+5.00	AMTD	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	31.6	40.2	-8.54	MI	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$33.0M	$35.7M	-$2.7M	MI	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AMTD REV	MI REV	AMTD GROSS %	MI GROSS %	AMTD FCF	MI FCF
FY 2025	$101.2M	$725.8K	—	—	$17.1M	-$99.3M
FY 2024	$80.5M	$740.7K	—	—	$5.2M	-$1.3M
FY 2023	$130.9M	$2.2M	—	—	$40.0M	-$317.0K

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AMTD // BETA —

MI // BETA —