WALNUT, Calif., Nov. 13, 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 first quarter ended September 30, 2025 of fiscal year 2026.
First Quarter Fiscal Year 2026 Financial Highlights:
-- Total revenue increased by 16.5% to $49.5 million for the first quarter
of fiscal year 2026, compared to $42.5 million for the first quarter of
fiscal year 2025, driven by continued strong demand for both
transportation and warehousing services.
-- Transportation services revenue grew 12.6% to $32.1 million, reflecting
increased shipment volumes from new warehouse locations.
-- Warehousing services revenue rose 24.4% to $17.4 million, driven by the
expansion of the Company's warehouse network.
-- Gross loss improved to $2.5 million, or (5.0%) of revenue, in the first
quarter of fiscal year 2025, compared to a gross loss of $3.6 million, or
(8.5%) of revenue, in the first quarter of fiscal 2024, demonstrating
progress despite continued freight cost pressures.
-- Net loss was $6.5 million, or $(0.15) per basic and diluted share, for
the first quarter of fiscal year 2026, compared to a net loss of $4.6
million, or $(0.11) per share, for the first quarter of fiscal year 2025.
-- Active customer base expanded to 607 customers as of September 30, 2025,
compared to 505 as of June 30, 2025.
-- Cash, cash equivalents, and restricted cash totaled $10.8 million as of
September 30, 2025.
Management Commentary
Aidy Chou, Chairman and CEO of Armlogi, said, "Our first quarter results show that our core business is still growing, with revenue up 16.5% year over year and improvement in our gross margin profile. We are especially happy with the 24% increase in revenue from our warehousing services, which shows that customers are using our expanded facilities and full range of logistics solutions."
"Even though we are still addressing rising freight costs across the board, especially from big carriers like FedEx, we have made progress in diversifying our carrier relationships and setting more competitive prices. Our gross margin improved year over year, which we believe is indicative that our operational efforts are starting to yield results."
"Our network of warehouses now includes ten locations and covers about 3.9 million square feet. We believe this positions us favorably to meet the growing needs of cross-border e-commerce merchants. Adding our Illinois facility has been especially important because it has increased our presence in the Midwest and made it easier for us to serve customers nationwide."
Mr. Chou concluded, "Looking ahead, we will continue to focus on three main goals: making the most of our expanded warehouse network, improving our gross margin profile through operational efficiencies, and selectively pursuing growth opportunities that fit with our strategic vision. We believe Armlogi is well-positioned to deliver long-term value to our stockholders, thanks to our infrastructure and growing customer base."
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$(R)$ 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 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 ***
ARMLOGI HOLDING CORP.
CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2025 AND JUNE 30, 2025
(US$, except share data, or otherwise noted)
September 30, June 30,
2025 2025
-------------- -----------
US$ US$
-------------- -----------
Unaudited Audited
Assets
Current assets
Cash 6,456,745 9,190,277
Accounts receivable and other
receivable, net of credit loss
allowance of $594,869 and $594,869 18,390,255 22,207,500
Other current assets 985,422 998,925
Prepaid expenses 1,667,446 1,375,646
Loan receivables 1,713,324 3,893,563
------------- -----------
Total current assets 29,213,192 37,665,911
Non-current assets
Restricted cash -- non-current 4,391,165 4,387,550
Long-term loan receivables 822,305 -
Property and equipment, net 10,646,576 11,259,820
Intangible assets, net 43,032 54,627
Right-of-use assets -- operating
leases 109,518,130 115,361,185
Right-of-use assets -- finance leases 831,474 745,547
Other non-current assets 871,691 739,555
------------- -----------
Total assets 156,337,565 170,214,195
============= ===========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Current liabilities
Accounts payable and accrued
liabilities 8,042,768 9,604,783
Contract liabilities 826,814 939,097
Accrued payroll liabilities 614,553 283,150
Convertible notes - 5,292,749
Operating lease liabilities --
current 30,348,333 29,280,907
Finance lease liabilities -- current 447,338 386,327
------------- -----------
Total current liabilities 40,279,806 45,787,013
Non-current liabilities
Operating lease liabilities --
non-current 93,254,743 98,939,552
Finance lease liabilities --
non-current 421,131 397,692
------------- -----------
Total liabilities 133,955,680 145,124,257
============= ===========
Stockholders' equity
Common stock, US$0.00001 par value,
100,000,000 shares authorized,
45,443,079 and 42,250,934 issued and
outstanding as of September 30, 2025
and June 30, 2025, respectively 454 422
Additional paid-in capital 20,468,826 16,668,858
Retained earnings 1,912,605 8,420,658
------------- -----------
Total stockholders' equity 22,381,885 25,089,938
------------- -----------
Total liabilities and stockholders'
equity 156,337,565 170,214,195
============= ===========
ARMLOGI HOLDING CORP.
CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND
2024
(US$, except share data, or otherwise noted)
For The For The
Three Months Three Months
Ended Ended
September September
30, 30,
2025 2024
-------------- -------------
US$ US$
-------------- -------------
Unaudited Unaudited
Revenue 49,473,179 42,481,896
Costs of services 51,957,262 46,088,686
------------- -------------
Gross loss (2,484,083) (3,606,790)
Operating costs and expenses:
General and administrative 4,217,306 3,668,825
------------- -------------
Total operating costs and expenses 4,217,306 3,668,825
------------- -------------
Loss from operations (6,701,389) (7,275,615)
Other (income) expenses:
Other income, net (738,592) (1,205,665)
Finance costs 548,345 9,008
------------- -------------
Total other (income) expenses (190,247) (1,196,657)
------------- -------------
Loss before provision for income
taxes (6,511,142) (6,078,958)
Current income tax recovery (3,089) (57,589)
Deferred income tax recovery - (1,373,498)
------------- -------------
Total income tax recovery (3,089) (1,431,087)
------------- -------------
Net loss (6,508,053) (4,647,871)
------------- -------------
Total comprehensive loss (6,508,053) (4,647,871)
============= =============
Basic & diluted net loss per share (0.15) (0.11)
Weighted average number of shares of
common stock-basic and diluted 42,462,207 41,634,000
ARMLOGI HOLDING CORP.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND
2024 (UNAUDITED)
(US$, except share data, or otherwise noted)
For The
Three
For The Months
Three Months Ended
Ended September
September 30, 30,
2025 2024
--------------- -------------
US$ US$
--------------- -------------
Unaudited Unaudited
Cash Flows from Operating Activities:
Net loss (6,508,053) (4,647,871)
Adjustments for items not
affecting cash:
Depreciation of property and
equipment and right-of-use
financial assets 778,520 617,166
Amortization 11,595 8,829
Non-cash operating leases expense 1,225,671 2,682,178
Current estimated credit loss - 126,936
Accretion of convertible notes 527,251 -
Deferred income taxes - (1,373,498)
Interest income (15,375) (33,736)
Changes in operating assets and
liabilities
Accounts receivable and other
receivables 3,817,245 160,623
Other current assets 13,503 (250,770)
Other non-current assets (132,136) (106,085)
Prepaid expenses (291,799) 316,745
Accounts payable & accrued
liabilities (1,574,944) (1,927,718)
Contract liabilities 112,283 498,249
Income tax payable - (57,589)
Accrued payroll liabilities 331,403 374,429
-------------- ----------
Net cash used in operating activities (1,929,402) (3,612,112)
-------------- ----------
Cash Flows from Investing
Activities:
Purchase of property and equipment (56,077) (1,353,297)
Loan disbursement (2,370,000) (1,000,000)
Proceeds from loan repayments 3,743,309 1,036,705
-------------- ----------
Net cash provided by (used in)
investing activities 1,317,232 (1,316,592)
-------------- ----------
Cash Flows from Financing Activities:
Repayments of finance lease
liabilities (97,747) (35,831)
Repayments of convertible notes (2,020,000) --
-------------- ----------
Net cash used in financing activities (2,117,747) (35,831)
-------------- ----------
Net decrease in cash and cash
equivalents and restricted cash (2,729,917) (4,964,535)
Cash and cash equivalents and
restricted cash, beginning of the
period 13,577,827 9,950,384
-------------- ----------
Cash and cash equivalents and
restricted cash, end of the period 10,847,910 4,985,849
============== ==========
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 6,456,745 2,924,176
Restricted cash -- non-current 4,391,165 2,061,673
Total cash and cash equivalents and
restricted cash shown in the Consolidated
Balance Sheet 10,847,910 4,985,849
========== =========
Supplemental Disclosure of Cash Flows
Information:
Non-cash Transactions:
Right-of-use assets acquired in exchange 182,197 --
for finance lease liabilities
Shares issued for Investor Notices 3,800,000 --
pursuant to Standby Equity Purchase
Agreement
(END) Dow Jones Newswires
November 13, 2025 16:44 ET (21:44 GMT)
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