March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced its unaudited preliminary financial results for the full year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily benefiting from the sustained growth of its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.
2025 Full Year Financial Highlights
Revenue: Expected to be between $39 million and $41 million, a record high for the company.
Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue increased by 11% to 17% year-over-year.
Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued improvement in operational efficiency.
Adjusted EBITDA: The company expects to achieve a positive figure for the full year 2025, a significant improvement compared to a loss of $3.5 million in 2024, primarily due to stringent cost control and a higher-margin sales structure.
Performance of Core Consumer Food Business
In 2025, DDC's core consumer food business maintained strong operational performance.
The company also disclosed Core Consumer Food Business Adjusted EBITDA. This metric further excludes costs related to the Bitcoin reserve strategy and non-cash fair value changes (mark-to-market) related to Bitcoin holdings from the Adjusted EBITDA figure, providing a more accurate reflection of the core business's operating performance.
For 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6.0 million.
Bitcoin Reserve Update
In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, establishing Bitcoin as the company's primary reserve asset.
As of December 31, 2025: The company held 1,183 BTC.
As of February 28, 2026: Holdings increased to 2,118 BTC.
An additional purchase of 65 BTC today brings the company's total holdings to 2,183 BTC.
Norma Chu, Founder, Chairperson, and CEO of DDC, stated: "We are proud to conclude 2025 with record revenue and positive adjusted EBITDA, demonstrating the robust growth of our consumer food business and continuous improvement in profitability. We are building a disciplined, growth-oriented food platform and allocating capital to Bitcoin assets with a long-term perspective, which aligns with our long-term conviction. We believe this dual-track model of a 'robust consumer business + strategic Bitcoin reserve' will help DDC create lasting long-term value for shareholders."
About DDC Enterprise Limited
DDC Enterprise Limited (NYSE: DDC), while continuing to solidify its position as a leading global Asian food platform, is actively advancing the implementation of its corporate Bitcoin Treasury strategy.
The company has established Bitcoin as a core reserve asset and is executing a prudent, long-term oriented accumulation strategy. While continuously expanding its portfolio of restaurant brands, DDC is gradually becoming one of the representative publicly listed companies incorporating Bitcoin into its corporate financial framework.








