COMP <GO>

MI vs AMTD // GROSS PROFIT MARGIN

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

■ METRIC PARITY

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>

gross-margins

—

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>

gross-margins

—

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

INSTITUTIONAL METRIC	MI	AMTD	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin ACTIVE	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-0.90%	4.90%	-5.80	AMTD	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	-60.00%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	-60.00%	66.40%	-126.40	AMTD	/net-margins <GO>
Revenue Growth (YoY)	-2.00%	25.80%	-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	1/9	6/9	-5.00	AMTD	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.2	31.6	+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	$35.7M	$33.0M	$2.7M	MI	/market-cap <GO>

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

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

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MI // BETA —

AMTD // BETA —