EX-99.1 2 ea025884201ex99-1_armlogi.htm PRESS RELEASE DATED SEPTEMBER 25, 2025

Exhibit 99.1

 

 

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

 

WALNUT, CA, September 25, 2025 (GlobeNewswire) -- 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 Statements

This 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, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email: matthew@strategic-ir.com

 

*** tables follow ***

 

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ARMLOGI HOLDING CORP.
CONSOLIDATED BALANCE SHEETS
AS 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    7,888,711 
Accounts 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    25,465,044 
Other current assets   998,925    1,624,611 
Prepaid expenses   1,375,646    1,129,435 
Loan receivables   3,893,563    1,877,131 
Total current assets   37,665,911    37,984,932 
Non-current assets          
Restricted cash – non-current   4,387,550    2,061,673 
Long-term loan receivables       2,908,636 
Property and equipment, net   11,259,820    11,010,407 
Intangible assets, net   54,627    92,708 
Right-of-use assets – operating leases   115,361,185    111,955,448 
Right-of-use assets – finance leases   745,547    309,496 
Other non-current assets   739,555    711,556 
Total assets   170,214,195    167,034,856 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
Liabilities:          
Current liabilities          
Accounts payable and accrued liabilities   9,604,783    7,502,339 
Contract liabilities   939,097    276,463 
Income taxes payable       57,589 
Due to related parties       350,209 
Accrued payroll liabilities   283,150    405,250 
Convertible notes   5,292,749     
Operating lease liabilities – current   29,280,907    24,216,446 
Finance lease liabilities – current   386,327    155,625 
Total current liabilities   45,787,013    32,963,921 
Non-current liabilities          
Operating lease liabilities – non-current   98,939,552    93,126,092 
Finance lease liabilities – non-current   397,692    169,683 
Deferred income tax liabilities       1,536,455 
Total 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    416 
Additional paid-in capital   16,668,858    15,468,864 
Retained earnings   8,420,658    23,769,425 
Total stockholders’ equity   25,089,938    39,238,705 
Total liabilities and stockholders’ equity   170,214,195    167,034,856 

 

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ARMLOGI HOLDING CORP.
CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEARS ENDED JUNE 30, 2025 AND 2024
(US$, except share data, or otherwise noted)

 

   Year Ended
June 30,
2025
   Year Ended
June 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 

 

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ARMLOGI HOLDING CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR 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 

 

 

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