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Forum Markets Reports Fourth Quarter and Full-Year 2025 Financial Results

PALM BEACH, Fla., March 31, 2026 - Forum Markets, Incorporated (Nasdaq: FRMM), a leader in transforming capital markets through digital assets, has released its financial performance results for the fourth quarter and full year ending December 31, 2025. The company has made impressive strides in implementing its digital asset platform, particularly in the tokenization of real-world assets on the Ethereum blockchain.

Progress and Highlights in 2025

In a brief period, Forum has transitioned from concept to reality, successfully establishing a robust infrastructure and forming essential partnerships, which have allowed the company to start generating revenue from yield on its expanding asset base. McAndrew Rudisill, the chairman and CEO, emphasized the importance of their framework for tokenization, notably showcased with their launch of the Eurus Aero Token I, which provides accredited investors with exposure to income-generating aerospace assets through a minimum investment of $1,000. This initiative exemplifies the effectiveness of their technology in enabling cash-flow-generating assets to enter the blockchain ecosystem.

Business Expansion Initiatives

Forum has expanded its Real-World Asset (RWA) origination ecosystem by securing a 20% interest in Karus, an AI-based auto credit analytics platform, and a 15% stake in Zippy, a digital manufactured housing lending platform. This strategic move allows access to significant asset pipelines in auto credit and residential lending, essential for scaling its tokenization efforts.

The company also refreshed its identity by rebranding from ETHZilla Corporation to Forum Markets, Inc., and retraining on the Nasdaq under the ticker symbol 'FRMM'. This change reflects its commitment to institutional-level real-world asset tokenization.

Innovative Product Launches

Forum introduced the Eurus Aero Token I, marking the debut of a novel tokenized aerospace product backed by jet engines leased to a major air carrier. This offering is designed specifically for accredited investors looking to tap into aerospace lease income and demonstrates Forum's capability to innovate within the industry.

Furthermore, the acquisition of a portfolio of 95 manufactured and modular home loans, valued at approximately $4.7 million, is anticipated to yield around 10.36% annually. This development represents a critical advancement in Forum's efforts to diversify its high-yield asset portfolio for tokenization.

Financial Performance

For the full year of 2025, Forum reported revenues of $6.5 million, driven predominantly by staking yields linked to its digital asset activities. However, it also faced challenges with a net loss of $450.5 million, primarily due to substantial, non-recurrent, and non-cash charges corresponding to its transformative initiatives. The total gross profit mirrored revenue at $6.5 million, indicating that the revenue-generating strategies are becoming steadily effective.

John Saunders, the chief financial officer, noted that 2025 was pivotal for laying down the company’s foundation, particularly in repositioning the balance sheet and initiating key partnerships. As it heads into 2026, Forum anticipates substantial revenue growth and aims for positive cash flows by 2027.

Looking Ahead

The company projects an asset under management (AUM) range of $125 million to $200 million by the end of 2026, stemming from their tokenization efforts in diverse sectors such as auto credit and manufactured housing. Furthermore, total revenue is expected to fall between $18 million to $26 million.

Conclusion

Forum Markets, Incorporated stands at the forefront of revolutionizing capital markets through its innovative approach to real-world asset tokenization. With significant achievements accomplished in 2025 and bold strategies for the year ahead, Forum is poised to elevate the landscape of digital finance amidst burgeoning demand for efficiency and transparency in asset transactions. Investors and stakeholders keen on capital markets should keep an eye on Forum's evolving offerings and continued momentum in 2026 and beyond.