FUSE GROUP HOLDING INC. Annual Report - How They Did This Year

This report covers FUSE GROUP HOLDING INC.'s performance for the fiscal year that ended on September 30, 2025.

What FUSE GROUP Does FUSE GROUP HOLDING INC. (or "the Company") was founded in Nevada in late 2013. They've been involved in a few different areas:

• Mining: Through their subsidiary, Fuse Processing, Inc., they look for mining opportunities in places like Asia and North America. They also offer consulting services to other mining companies, helping them find potential acquisitions and conduct due diligence (checking out the details of a deal).
• Biotech: Their other subsidiary, Fuse Biotech Inc., is actively exploring business opportunities in the biotechnology sector.
• Consulting: Beyond mining, the Company has been expanding its consulting services, with a new focus on catering and culinary consulting. This is a new growth area they're pursuing.

Company Size and Stock Information FUSE GROUP is considered a smaller company by regulators, meaning it's not a "large accelerated filer" or "accelerated filer." This often indicates a company with a smaller market capitalization and revenue.

As of March 31, 2025, the total value of the Company's shares available to the public (those not held by insiders) was about $1.84 million. This was based on approximately 7.06 million shares trading at $0.26 each.

A significant event for shareholders was a 1-for-5 reverse stock split that happened on September 19, 2024. This means that for every five shares an investor owned, they now own one share, but the price per share typically increases proportionally. As of December 24, 2025, there were 13,297,143 shares of common stock outstanding.

Key Challenges and Risks The Company has openly stated some important risks for investors to consider:

• History of Losses: FUSE GROUP has a history of not being profitable, and there's uncertainty about when they might become profitable.
• Financing Concerns: There's a risk that the Company might not be able to get enough funding in time, or on good terms, to keep its operations going. This is often referred to as a "going concern" risk, meaning there's doubt about their ability to continue operating without further financing.
• New Business Ventures: Expanding into new areas like catering/culinary consulting and international operations comes with its own set of risks, including currency exchange fluctuations.

Key Takeaways

• FUSE GROUP HOLDING INC. operates in mining, biotech, and has expanded into catering and culinary consulting.
• The Company is classified as a smaller entity by regulators.
• As of March 31, 2025, the public float was valued at approximately $1.84 million.
• A 1-for-5 reverse stock split was executed on September 19, 2024.
• Key risks include a history of unprofitability, potential challenges in securing future financing, and the inherent risks associated with new business ventures and international operations.