Toppoint Holdings Inc. Q2 Revenue Drops 15.5% YoY to $3.97M; Metal Sales Surge 38%

Reuters
Aug 14
<a href="https://laohu8.com/S/TOPP">Toppoint Holdings Inc.</a> <a href="https://laohu8.com/S/QTWO">Q2</a> Revenue Drops 15.5% YoY to $3.97M; Metal Sales Surge 38%

Toppoint Holdings Inc. (NYSE American: TOPP) has announced its financial results for the second quarter of 2025, ending June 30. The company's revenue for the quarter was $3.97 million, a decrease from $4.70 million in the same period in 2024. Year-to-date revenue stands at $7.78 million, down from $8.43 million in the previous year. The decline in revenue reflects a normalization from the atypical environment of Q2 2024. Waste paper continues to be the largest revenue and volume driver for Toppoint, contributing $2.08 million in Q2 2025, which accounts for 52.5% of total quarterly revenue. This represents a 23.2% year-over-year decrease. Year-to-date, waste paper revenue is $4.67 million, making up 60% of total revenue. The metals segment showed strong growth, with Q2 2025 revenue of $467,353, marking a 38.0% increase year-over-year. Year-to-date, metals revenue has grown by 23.8%, totaling $680,996. The imports segment, despite a 16.2% decline in Q2 2025 to $1.23 million, remains a core contributor with a slight year-to-date growth of 1.0%, amounting to $2.10 million. Plastic sales saw a significant decline, with a 39.6% year-over-year decrease in Q2 2025, resulting in revenue of $56,655. Year-to-date, plastic revenue is down 37.1% at $112,445. A strategic update includes the establishment of Topp Metals Inc. on June 4, 2025, to capitalize on growth opportunities in scrap metals logistics. The company continues to invest in equipment and technology to enhance fleet capacity and operational systems for its core commodities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toppoint Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9512624-en) on August 14, 2025, and is solely responsible for the information contained therein.

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