Marwynn Holdings Inc. has released its annual report for the fiscal year ending April 30, 2025, showing a decrease in sales and a net loss. The company reported sales of $11.1 million, down 6.84% from $11.9 million in the previous year. This decline was primarily due to a reduction in food imports and distribution sales, which decreased by $2.48 million, partially offset by an increase in indoor home improvement products sales by $1.67 million. The company's net loss for the year was $4.4 million, a significant change from a net income of $998,075 in the previous fiscal year. This shift was influenced by increased general and administrative expenses, which rose by 124.76% to $7.21 million, and selling expenses, which increased by 152.08% to $1.86 million. The gross profit also decreased by 11.86% to $4.7 million from $5.3 million in the prior year. No specific outlook or guidance for future performance was provided in the report.
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