Axil Brands Inc. released its annual results for the fiscal year ending May 31, 2025. The company reported net sales of $26.26 million, marking a decrease of $1.24 million or 4.5% compared to the previous fiscal year. This decline was primarily attributed to reduced advertising expenditure, which negatively impacted direct-to-consumer sales, although an increase in sales through distribution channels partially offset this effect. Despite the reduction in sales, this strategy had a positive impact on operating income. Net income for the fiscal year was supported by a one-time gain from the forgiveness of approximately $220,000 in accounts payable. Basic and diluted earnings per share were reported at $0.13 and $0.10, respectively, reflecting a decrease from $0.57 and $0.21 in the prior year. The previous year's EPS was bolstered by a significant non-recurring gain of $1.33 million related to the redemption of preferred stock. Excluding this non-recurring benefit, the year-over-year decline in EPS corresponds to the lower net income for the year. Looking forward, Axil Brands Inc. expects to continue generating net income and positive cash flow in the upcoming fiscal year, despite past periods of operating losses. The company remains engaged in product sales and development, maintaining a focus on profitability and operational efficiency.