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Toppoint Holdings Inc. Reports Third Quarter and First Nine-Month Results Reflecting Growth in Emerging Commodity Segments Despite Global Tariff Pressures

1. TOPP shows 20% revenue growth year-over-year in Q3 2025. 2. Import-related services surged by 115%, highlighting strong commodity demand. 3. Despite losses, strategic investments improved operational efficiency significantly. 4. Technology investments in AI-driven logistics continue to enhance operations. 5. Financial stability improved with total assets rising to $10.7 million.

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Why Bullish?

TOPP demonstrates significant revenue growth and operational enhancements, suggesting potential future profitability. Historical context shows that companies investing in technology usually see long-term growth.

How important is it?

Revenue growth amid challenges indicates resilience, likely attracting investor interest. The focus on emerging commodity markets enhances growth potential.

Why Long Term?

The improvements in technology and efficiency suggest sustained growth, which may take time to realize in stock price. Historical patterns show that such developments typically benefit long-term investors.

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MTDXPEXPO
November 14, 2025 08:00 ET  | Source: Toppoint Holdings Inc NORTH WALES, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (NYSE American: TOPP) (“Toppoint” or the “Company”), a truckload services and logistics provider specializing in the recycling export supply chain, today announced financial results for the third quarter and the nine months ended September 30, 2025. Despite the impact of U.S. tariffs on certain international trade routes, the Company continued to demonstrate resilience and growth across key emerging segments, particularly in metal and import commodities, reflecting the strength of its strategic equipment investments and operational execution. Third Quarter 2025 Highlights Revenue: $4.49 million, compared to $3.74 million in Q3 2024, a year-over-year increase of 20%.Strong performance in emerging commodities: Import-related services rose 115% to $1.58 million, and metal shipments increased to $716,000.Operational investment: Continued fleet upgrades, equipment optimization, and software integration improved efficiency and reduced downtime.Net loss: $(4.15) million, primarily due to non-cash stock-based compensation of $3.78 million. Nine-Month 2025 Highlights Revenue: $12.28 million, consistent with $12.17 million in the prior year period.Import and Metal growth: Combined import and metal segment revenues increased 37% year-over-year to $5.08 million.Technology investments: Continued investment in AI-driven logistics and proprietary software infrastructure.Balance Sheet Strength: Total assets grew to $10.7 million as of September 30, 2025, from $5.0 million at December 31, 2024.Shareholders’ Equity: Increased to $9.16 million, up from $2.54 million at year-end 2024. CEO Commentary “Our growth this quarter demonstrates that having the right equipment and focus on strategic commodities positions us to thrive even amid complex trade environments,” said Hok C. Chan, Chief Executive Officer of Toppoint. “Despite tariff headwinds, our investment in advanced technology, specialized chassis, and cross-port efficiency continues to drive expansion in high-demand verticals such as metals and imports. We’re confident our performance trajectory reflects strength and adaptability in our core markets.” Financial Results Q3 2025 Results of Operations    Three Months EndedSeptember 30,  Increase (Decrease)   2025  2024  $  % Revenue $4,494,932  $3,736,672  $758,260   20%                 Costs and expenses                Costs of revenue  3,124,049   3,279,109   (155,060)  (5)%General and administrative  5,600,635   892,709   4,707,926   527%   8,724,684   4,171,818   4,552,866   109%Loss from operations  (4,229,752)  (435,146)  (3,794,606)  (872)%Total other income, net  83,095   407,762   (324,666)  (80)%Net loss before income taxes  (4,146,657)  (27,384)  (4,119,272)  (15,042)%Provision for (benefit from) income taxes  -   138   (138)  (100)%Net loss $(4,146,657) $(27,522) $(4,119,134)  (14,966)%                  First Nine Months of 2025 Results of Operations   Nine months EndedSeptember 30,  Increase (Decrease)   2025  2024  $  % Revenue $12,275,466  $12,167,956  $107,510   1%                 Costs and expenses                Costs of revenue  9,951,296   10,378,455   (427,159)  (4)%General and administrative  8,550,152   1,870,654   6,679,498   357%   18,501,448   12,249,109   6,252,341   51%(Loss) income from operations  (6,225,982)  (81,153)  (6,144,829)  (7,572)%Total other income, net  4,170   405,021   (400,851)  (99)%Net (loss) income before income taxes  (6,221,812)  323,868   (6,545,680)  (2,021)%Provision for (benefit from) income taxes  (15,159)  96,182   (111,341)  (116)%Net (loss) income $(6,206,653) $227,686  $(6,434,339)  (2,826)%                  Condensed Consolidated Balance Sheets   September 30,2025(Unaudited)  December 31,2024 Assets      Current Assets      Cash $463,352  $557,619 Accounts receivable, net  1,512,449   1,203,001 Contract assets  159,038   88,153 Deferred offering costs  -   398,512 Prepaid expenses and other current assets  286,752   - Total Current Assets  2,421,591   2,247,285 Other Assets        Property and equipment, net  1,837,419   1,191,572 Intangible asset, net  537,742   739,396 Note receivable  5,250,000   - Right-of-use asset, net  512,442   675,561 Right-of-use asset, net– related party  89,870   82,098 Security deposit  61,000   50,000 Total Assets $10,710,064  $4,985,912 Liabilities and Shareholders’ Equity        Current Liabilities        Accounts payable and accrued expenses $563,225  $402,552 Income taxes payable  -   142,093 Loans payable, current maturities  59,336   3,147 Related party loan  84,487   1,100,000 Lease liability, current maturities  163,086   130,552 Lease liability, current maturities – related party  68,033   - Total Current Liabilities  938,167   1,778,344 Loans payable, net of current maturities  400,073   146,753 Lease liability, net of current maturities  192,997   331,833 Lease liability, net of current maturities – related party  16,336   - Deferred tax liability  -   187,108 Total Liabilities  1,547,573   2,444,038          Shareholders’ Equity        Preferred stock, $0.0001 par value, 50,000,000 authorized, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024  -   - Common stock, $0.0001 par value, 300,000,000 shares authorized, 19,400,000 and 15,000,000 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively  1,940   1,500 Additional paid-in capital  12,966,580   139,750 (Accumulated Deficit) Retained earnings  (3,806,029)  2,400,624 Total Shareholders’ Equity  9,162,491   2,541,874 Total Liabilities and Shareholders’ Equity $10,710,064  $4,985,912           Positioned for Continued Growth Toppoint remains focused on growth across high-margin export categories including metals, import containers, and recyclable commodities and continues to capture value in the expanding scrap and metals logistics markets. With strategic assets and a growing technology footprint, management anticipates continued progress into 2026. About Toppoint Holdings Inc.Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and logistics provider focused on the recycling export supply chain. The Company transports waste paper, scrap metal, logs, and other commodities from major waste companies and recycling centers to ports along the U.S. East Coast, including Newark, Philadelphia, and Baltimore. Toppoint’s integrated platform leverages AI-driven software to enhance efficiency and data visibility across its operations. For more information, please visit www.toppointtrucking.com. Forward-Looking StatementsCertain statements in this press release are “forward-looking statements” as defined under the federal securities laws. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the Securities and Exchange Commission available at www.sec.gov. Investor Relations Contact:Toppoint Holdings Inc.1250 Kenas RoadNorth Wales, PA 19454Phone: (551) 866-1320Email: investors@toppointtrucking.com

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