Armlogi Holding Corp. Announces Its Fiscal 2025 Full-Year Financial Results

September 25, 2025 08:00 ET | Source: Armlogi Holding Corp 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® Index. For more information, please visit www.armlogi.com. Forward-Looking StatementsThis 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, IRCPresidentStrategic Investor Relations, LLC Tel: 347-947-2093Email: matthew@strategic-ir.com *** tables follow *** ARMLOGI HOLDING CORP.CONSOLIDATED BALANCE SHEETSAS OF JUNE 30, 2025 AND 2024(US$, except share data, or otherwise noted) June 30, 2025 June 30, 2024 US$ US$Assets Current assets Cash and cash equivalents 9,190,277 7,888,711Accounts 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 25,465,044Other current assets 998,925 1,624,611Prepaid expenses 1,375,646 1,129,435Loan receivables 3,893,563 1,877,131Total current assets 37,665,911 37,984,932Non-current assets Restricted cash – non-current 4,387,550 2,061,673Long-term loan receivables — 2,908,636Property and equipment, net 11,259,820 11,010,407Intangible assets, net 54,627 92,708Right-of-use assets – operating leases 115,361,185 111,955,448Right-of-use assets – finance leases 745,547 309,496Other non-current assets 739,555 711,556Total assets 170,214,195 167,034,856 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Current liabilities Accounts payable and accrued liabilities 9,604,783 7,502,339Contract liabilities 939,097 276,463Income taxes payable — 57,589Due to related parties — 350,209Accrued payroll liabilities 283,150 405,250Convertible notes 5,292,749 —Operating lease liabilities – current 29,280,907 24,216,446Finance lease liabilities – current 386,327 155,625Total current liabilities 45,787,013 32,963,921Non-current liabilities Operating lease liabilities – non-current 98,939,552 93,126,092Finance lease liabilities – non-current 397,692 169,683Deferred income tax liabilities — 1,536,455Total liabilities 145,124,257 127,796,151 Commitments and contingencies Stockholders’ equity Common stock, US$0.00001 par value, 100,000,000 shares authorized, 42,250,934 and 41,634,000 issued and outstanding as of June 30, 2025 and June 30, 2024, respectively 422 416Additional paid-in capital 16,668,858 15,468,864Retained earnings 8,420,658 23,769,425Total stockholders’ equity 25,089,938 39,238,705Total liabilities and stockholders’ equity 170,214,195 167,034,856 ARMLOGI HOLDING CORP.CONSOLIDATED STATEMENTSOF OPERATIONS AND COMPREHENSIVE INCOMEFOR THE YEARS ENDED JUNE 30, 2025 AND 2024(US$, except share data, or otherwise noted) Year EndedJune 30,2025 Year EndedJune 30,2024 US$ US$Revenue 190,408,258 166,977,034 Costs of service 193,408,827 148,894,227 Gross (loss) profit (3,000,569) 18,082,807 Operating costs and expenses: General and administrative 14,675,543 9,967,792 Total operating costs and expenses 14,675,543 9,967,792 (Loss) Income from operations (17,676,112) 8,115,015 Other (income) expenses: Other income, net (2,714,344) (2,320,257)Loss on debt extinguishment 1,192,431 — Loss on disposal of assets 43,625 — Finance costs 714,352 47,649 Total other (income) expenses (763,936) (2,272,608) (Loss) Income before provision for income taxes (16,912,176) 10,387,623 Current income tax (recovery) expense (26,954) 2,145,072 Deferred income tax (recovery) expense (1,536,455) 801,333 Total income tax (recovery) expense (1,563,409) 2,946,405 Net (loss) income (15,348,767) 7,441,218 Total comprehensive (loss) income (15,348,767) 7,441,218 Basic & diluted net (loss) earnings per share (0.37) 0.19 Weighted average number of shares of common stock-basic 41,808,909 40,205,836 Weighted average number of shares of common stock-diluted 41,808,909 40,216,109 ARMLOGI HOLDING CORP.CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED JUNE 30, 2025 AND 2024(US$, except share data, or otherwise noted) For The Year Ended June 30, 2025 For The Year Ended June 30, 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

Armlogi Holding Corp. Announces Its Fiscal 2025 Full-Year Financial Results

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