WALNUT, Calif., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. ("Armlogi" or the "Company") (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its fiscal year ended June 30, 2025.
Financial Results for the Fiscal Year Ended June 30, 2025:
-- Total revenue increased by approximately $23.4 million, or 14.0%, to
$190.4 million for the fiscal year ended June 30, 2025, compared to
$167.0 million for the fiscal year ended June 30, 2024. This growth was
largely driven by continued demand for Armlogi's transportation and
warehousing services.
-- Cost of service rose by $44.5 million, or 29.9%, mainly due to higher
freight, rental, labor, and warehouse expenses associated with the
expansion of the Company's operational footprint.
-- Gross profit declined to a loss of $3.0 million for the fiscal year ended
June 30, 2025, compared with a gross profit of $18.1 million in the
fiscal year ended June 30, 2024, with the gross margin falling to -1.6%
from 10.8% the previous fiscal year. The decrease primarily reflects
increases in third-party carrier costs, particularly with major suppliers,
FedEx and UPS, as well as expenses associated with new warehouse leases
and labor for expanded facilities.
-- General and administrative expenses totaled $14.7 million, representing a
47.2% increase in the fiscal year ended June 30, 2025 from $10.0 million
in the prior fiscal year, primarily due to investments in business growth
and additional professional and office costs.
-- Net loss for the fiscal year ended June 30, 2025 was $15.3 million, or
$0.37 per basic and diluted share, compared to net income of $7.4 million,
or $0.19 per share, for the fiscal year ended June 30, 2024.
-- Cash and cash equivalents and restricted cash at year-end were $13.6
million in the fiscal year ended June 30,2025, compared to $10.0 million
as of the fiscal year ended June 30, 2024.
Management Commentary
Aidy Chou, Chairman and Chief Executive Officer of Armlogi, commented, "Fiscal year 2025 demonstrated continued strong demand for our logistics solutions, with 14% revenue growth and a more than four-fold increase in our active customer base. However, our results also reflect the significant operational challenges we faced as we expanded our warehouse network and navigated a difficult freight cost environment. The expansion of our operations with new warehouse facilities, while necessary for long-term growth, required substantial investments in labor and infrastructure that pressured our margins in the near term. Additionally, freight cost increases from our carriers have significantly impacted the profitability of our transportation services. We responded by diversifying our carrier relationships, but the industry-wide cost pressures continue to present headwinds."
Mr. Chou continued: "Despite these challenges, we remain committed to our growth strategy and believe our expanded infrastructure positions us well for future opportunities. Looking ahead, our focus remains on operational optimization, technology-driven efficiency, and prudent cost management, as we position Armlogi for long-term, sustainable growth."
Conference Call & Audio Webcast
Armlogi's management team will hold an earnings conference call today at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the Company's financial results and provide an overview of its operations. Armlogi's management team will lead the conference call and answer investor questions.
To access the call by phone, please dial 1-800-445-7795 (for international callers, dial 1-785-424-1699) approximately 10 minutes prior to the scheduled start time. Please use the conference ID: ARMLOGI. **NOTE: THIS CONFERENCE ID WILL BE REQUIRED FOR ENTRY
A live audio webcast of the conference call will be available online at https://viavid.webcasts.com/starthere.jsp?ei=1736177&tp_key=05c18b1042.
About Armlogi Holding Corp.
Armlogi Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions, including warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With ten warehouses covering over three and a half million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company's warehouses are equipped with facilities and technology for handling and storing large and bulky items. Armlogi is a member of the Russell Microcap$(R)$ Index. For more information, please visit www.armlogi.com.
Forward-Looking Statements
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.
Company Contact:
info@armlogi.com
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
*** tables follow ***
ARMLOGI HOLDING CORP.
CONSOLIDATED BALANCE SHEETS
AS OF JUNE 30, 2025 AND 2024
(US$, except share data, or otherwise noted)
June 30, June 30,
2025 2024
------------ -----------
US$ US$
------------ -----------
Assets
Current assets
Cash and cash equivalents 9,190,277 7,888,711
Accounts receivable and other
receivables, net of (amortized cost of
$22,802,369 and $25,872,226 and
allowance for credit losses of $594,869
and $407,182 at June 30, 2025 and 2024,
respectively) 22,207,500 25,465,044
Other current assets 998,925 1,624,611
Prepaid expenses 1,375,646 1,129,435
Loan receivables 3,893,563 1,877,131
----------- -----------
Total current assets 37,665,911 37,984,932
Non-current assets
Restricted cash -- non-current 4,387,550 2,061,673
Long-term loan receivables -- 2,908,636
Property and equipment, net 11,259,820 11,010,407
Intangible assets, net 54,627 92,708
Right-of-use assets -- operating leases 115,361,185 111,955,448
Right-of-use assets -- finance leases 745,547 309,496
Other non-current assets 739,555 711,556
----------- -----------
Total assets 170,214,195 167,034,856
=========== ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Current liabilities
Accounts payable and accrued liabilities 9,604,783 7,502,339
Contract liabilities 939,097 276,463
Income taxes payable -- 57,589
Due to related parties -- 350,209
Accrued payroll liabilities 283,150 405,250
Convertible notes 5,292,749 --
Operating lease liabilities -- current 29,280,907 24,216,446
Finance lease liabilities -- current 386,327 155,625
----------- -----------
Total current liabilities 45,787,013 32,963,921
Non-current liabilities
Operating lease liabilities --
non-current 98,939,552 93,126,092
Finance lease liabilities -- non-current 397,692 169,683
Deferred income tax liabilities -- 1,536,455
----------- -----------
Total liabilities 145,124,257 127,796,151
=========== ===========
Commitments and contingencies
Stockholders' equity
Common stock, US$0.00001 par value,
100,000,000 shares authorized,
42,250,934 and 41,634,000 issued and
outstanding as of June 30, 2025 and
June 30, 2024, respectively 422 416
Additional paid-in capital 16,668,858 15,468,864
Retained earnings 8,420,658 23,769,425
----------- -----------
Total stockholders' equity 25,089,938 39,238,705
----------- -----------
Total liabilities and stockholders' equity 170,214,195 167,034,856
=========== ===========
ARMLOGI HOLDING CORP.
CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEARS ENDED JUNE 30, 2025 AND 2024
(US$, except share data, or otherwise noted)
Year Ended Year Ended
June 30, June 30,
2025 2024
------------- --------------
US$ US$
------------- --------------
Revenue 190,408,258 166,977,034
Costs of service 193,408,827 148,894,227
----------- -----------
Gross (loss) profit (3,000,569) 18,082,807
Operating costs and expenses:
General and administrative 14,675,543 9,967,792
----------- -----------
Total operating costs and expenses 14,675,543 9,967,792
----------- -----------
(Loss) Income from operations (17,676,112) 8,115,015
Other (income) expenses:
Other income, net (2,714,344) (2,320,257)
Loss on debt extinguishment 1,192,431 --
Loss on disposal of assets 43,625 --
Finance costs 714,352 47,649
----------- -----------
Total other (income) expenses (763,936) (2,272,608)
----------- -----------
(Loss) Income before provision for
income taxes (16,912,176) 10,387,623
Current income tax (recovery)
expense (26,954) 2,145,072
Deferred income tax (recovery)
expense (1,536,455) 801,333
----------- -----------
Total income tax (recovery) expense (1,563,409) 2,946,405
----------- -----------
Net (loss) income (15,348,767) 7,441,218
----------- -----------
Total comprehensive (loss) income (15,348,767) 7,441,218
=========== ===========
Basic & diluted net (loss) earnings
per share (0.37) 0.19
Weighted average number of shares of
common stock-basic 41,808,909 40,205,836
Weighted average number of shares of
common stock-diluted 41,808,909 40,216,109
ARMLOGI HOLDING CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED JUNE 30, 2025 AND 2024
(US$, except share data, or otherwise noted)
For The For The
Year Ended Year Ended
June 30, June 30,
2025 2024
------------- -------------
US$ US$
------------- -------------
Cash Flows from Operating Activities:
Net (loss) income (15,348,767) 7,441,218
Adjustments for items not
affecting cash:
Net loss from disposal of fixed
assets 43,625 --
Depreciation of property and
equipment and right-of-use
financial assets 2,931,993 1,996,720
Amortization 38,081 35,317
Non-cash operating leases expense 7,536,058 5,193,458
Current estimated credit loss 275,610 94,694
Loss on debt extinguishment 1,192,431 --
Accretion of convertible note 617,845 --
Deferred income taxes (1,536,455) 801,333
Interest income (144,501) (109,427)
Changes in operating assets and
liabilities
Accounts receivable and other
receivables 2,981,935 (8,157,462)
Other current assets 625,686 11,881
Prepaid expenses (246,211) (332,531)
Other non-current assets (28,000) (711,556)
Accounts payable & accrued
liabilities 2,102,444 (667,825)
Income tax payable (57,589) (2,597,106)
Contract liabilities 662,634 (147,719)
Accrued payroll liabilities (122,100) 141,894
Net changes in derecognized ROU
and operating lease liability (63,874) --
----------- ----------
Net cash provided from operating
activities 1,460,845 2,992,889
----------- ----------
Cash Flows from Investing Activities:
Purchase of property and
equipment (2,889,928) (5,208,522)
Proceeds from sale of property
and equipment 48,000 --
Net loan disbursement amounts
after repayments received (1,000,000) (2,229,083)
Proceeds from loan repayments 2,036,705 --
----------- ----------
Net cash used in investing activities (1,805,223) (7,437,605)
----------- ----------
Cash Flows from Financing Activities:
Net proceeds received from
related parties -- 1,000
Proceeds (lend to) from related
parties (350,209) 511,353
Repayments of finance lease
liabilities (360,443) (163,936)
Repayment of commitment payable (150,000) --
Repayment of SEPA (3,260,000) --
Deferred issuance costs for
initial public offering -- (951,617)
Proceeds from IPO and share
issuance, net 8,092,473 7,471,180
Capital contributions from
stockholders -- 969,021
----------- ----------
Net cash provided by financing
activities 3,971,821 7,837,001
----------- ----------
Net increase in cash and cash
equivalents and restricted cash 3,627,443 3,392,285
Cash and cash equivalents and
restricted cash, beginning of year 9,950,384 6,558,099
----------- ----------
Cash and cash equivalents and
restricted cash, end of year 13,577,827 9,950,384
=========== ==========
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets that total the same amounts shown in the Consolidated Statements of Cash Flows:
Cash and cash equivalents 9,190,277 7,888,711
Restricted cash -- non-current 4,387,550 2,061,673
---------- ----------
Total cash and cash equivalents and
restricted cash shown in the
Consolidated Balance Sheet 13,577,827 9,950,384
========== ==========
Supplemental Disclosure of Cash Flows
Information:
Cash paid for income tax (122,248) (4,742,178)
Cash paid for interest (96,507) (47,649)
Non-Cash Transactions:
Decrease in right-of-use assets due
to remeasurement of lease terms 1,148,456 --
Right-of-use assets acquired in
exchange for operating lease
liabilities 27,857,474 81,927,507
Right-of-use assets acquired in
exchange for finance lease
liabilities 819,155 --
Shares issued to settle commitment
fee 250,000 --
Shares issued pursuant to SEPA 950,000 --
IPO expenses paid by stockholders -- 300,000
(END) Dow Jones Newswires
September 25, 2025 08:00 ET (12:00 GMT)