Texxon Holding Ltd. reported net income of approximately $2.5 million for the fiscal year ended June 30, 2024, an increase of 20.2% from $2.1 million in the previous year. Net income attributable to Texxon was about $1.0 million, reflecting a $1.5 million difference due to non-controlling interests. Comprehensive income attributable to Texxon was $2.2 million, up from $1.1 million in the prior period. The company identified its ability to attract additional customers and increase spending per customer, particularly among China's SMEs, as key factors affecting future results.
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