WALNUT, CA, Oct. 06, 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 the full repayment of its outstanding debt obligations to YA II PN, Ltd. (“YA II”) pursuant to a certain Standby Equity Purchase Agreement dated November 25, 2024 (the “SEPA”), by and between the Company and YA ...

Financial Data and Key Metrics Changes - For fiscal year 2025, total revenue reached $190.4 million, an increase of 14% compared to $167 million in fiscal year 2024, driven by demand for transportation and warehousing services [7] - Cost of sales increased by 29.9% to $193.4 million, primarily due to higher freight costs and operational expenses, resulting in a gross profit loss of $3 million [8] - General and administrative expenses totaled $14.7 million, a 47.2% increase from the previous year, leading to a net loss of $15.3 million or $0.37 per share [8] Business Line Data and Key Metrics Changes - The active customer base increased more than four-fold to 505, reflecting the demand for comprehensive supply chain solutions [7] - The company operates 10 warehouses across approximately 3.9 million square feet, supporting cross-border e-commerce and domestic customers [5] Market Data and Key Metrics Changes - The company aims to diversify its customer mix beyond PRC-based clients, who accounted for around 84% of revenue in fiscal year 2025 [10] - Customer concentration decreased, with one customer accounting for about 10% of revenue, down from two customers representing 20% and 12% in fiscal year 2024 [13] Company Strategy and Development Direction - The company is focused on optimizing operations, leveraging technology for efficiency, and expanding geographic coverage [9][10] - The strategy includes enhancing the Armlogi Order Management System to attract more clients and improve service delivery [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing future opportunities in the cross-border e-commerce market despite operational challenges and cost pressures [5] - Gradual improvement in margins is expected as the operational footprint reaches fuller utilization and technology investments take effect [11] Other Important Information - The company maintains high standards, including ISO 9001 compliance and an average inventory accuracy rate of 99.64% [5] - The balance sheet at year-end included $13.6 million in cash and equivalents, positioning the company for future growth [8] Q&A Session Summary Question: What are the main drivers of revenue growth for fiscal year 2026? - Revenue growth is expected to be driven by demand for warehousing and logistics services, particularly from cross-border e-commerce merchants and an expanding U.S.-based customer base [10] Question: When does management expect to achieve consistent profitability and positive free cash flow? - Management is implementing measures for operational optimization and cost management, with gradual improvement in margins anticipated in the coming fiscal years [11] Question: How concentrated is revenue among your largest customers, and how does Armlogi plan to differentiate itself? - Customer concentration has decreased, and the company plans to differentiate through high-quality services, advanced technology, and a focus on bulky item handling [13][14]

Financial Data and Key Metrics Changes - Total revenue for fiscal year 2025 reached $190.4 million, an increase of 14% compared to $167 million in fiscal year 2024, driven by demand for transportation and warehousing services [8] - Cost of sales increased by 29.9% to $193.4 million, primarily due to higher freight costs and operational expenses, resulting in a gross profit loss of $3 million [9] - General and administrative expenses totaled $14.7 million, a 47.2% increase from the previous year, leading to a net loss of $15.3 million or $0.37 per share [9] Business Line Data and Key Metrics Changes - The active customer base increased more than four-fold to 505, reflecting the demand for comprehensive supply chain solutions [8] - The company operates 10 warehouses across approximately 3.9 million square feet, supporting cross-border e-commerce and domestic customers [5] Market Data and Key Metrics Changes - The company aims to diversify its customer mix beyond PRC-based clients, who accounted for around 84% of revenue in fiscal year 2025 [11] - The focus on expanding geographic coverage and enhancing technology platforms is expected to attract more clients [11] Company Strategy and Development Direction - The company is committed to optimizing operations and leveraging technology to drive efficiency and cost management [10] - A focus on bulky item handling and a one-stop solution for cross-border e-commerce positions the company uniquely in the market [15] Management's Comments on Operating Environment and Future Outlook - Management acknowledges operational challenges and cost pressures but remains confident in the company's growth potential due to its expanding infrastructure and customer base [5] - Gradual improvement in margins is anticipated as the operational footprint reaches fuller utilization and technology investments take effect [13] Other Important Information - The company maintains high standards, including ISO 9001 compliance and an average inventory accuracy rate of 99.64% [5] - The balance sheet shows $13.6 million in cash, cash equivalents, and restricted cash, indicating a solid financial position [9] Q&A Session Summary Question: What are the main drivers of revenue growth for fiscal year 2026? - Revenue growth is expected to be driven by demand for warehousing and logistics services, particularly from cross-border e-commerce merchants and an expanding U.S.-based customer base [11] Question: When does management expect to achieve consistent profitability and positive free cash flow? - Management is implementing measures for operational optimization and cost management, with gradual improvement in margins expected in the coming fiscal years [13] Question: How concentrated is revenue among the largest customers, and how does Armlogi plan to differentiate itself? - One customer accounted for around 10% of revenue in fiscal year 2025, down from previous years, reflecting efforts to diversify the customer base [14] - The company differentiates itself through high-quality services, advanced technology, and a focus on niche needs that larger competitors may overlook [15]

Financial Performance and Key Metrics - For fiscal year 2025, total revenue reached $190.4 million, an increase of 14% compared to $167 million in fiscal year 2024, driven by demand for transportation and warehousing services [7] - Cost of sales increased by 29.9% to $193.4 million, primarily due to higher freight costs and operational expansion [8] - The company reported a gross profit loss of $3 million and a net loss of $15.3 million, or $0.37 per share [8] Business Line Performance - The active customer base increased more than four-fold to 505, indicating strong demand for the company's services [7] - General and administrative expenses rose by 47.2% to $14.7 million, reflecting investments in support of growing operations [8] Market Data and Key Metrics - The company operates 10 warehouses across the U.S., covering approximately 3.9 million square feet, which positions it well for future opportunities in the cross-border e-commerce market [5][9] - The customer concentration decreased, with one customer accounting for around 10% of revenue, down from two customers representing 20% and 12% in the previous year [13] Company Strategy and Industry Competition - The company aims to diversify its customer base beyond PRC-based clients, who accounted for around 84% of revenue in fiscal year 2025 [10] - Competitive advantages include high-quality, ISO 9001 compliant services, 99.64% inventory accuracy, and advanced technology like the Armlogi Order Management System [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving gradual improvement in margins and consistent profitability through operational optimization and technology investments [11] - The company is focused on leveraging its expanded infrastructure and technology to drive efficiency and broaden cost management [9] Other Important Information - The company ended the fiscal year with a solid balance sheet, comprising $13.6 million in cash and equivalents [8] Q&A Session Summary Question: What are the main drivers of revenue growth for fiscal year 2026? - Revenue growth is expected to be driven by demand for warehousing and logistics services, particularly from cross-border e-commerce merchants and an expanding U.S.-based customer base [10] Question: When does management expect to achieve consistent profitability and positive free cash flow? - Management is implementing measures for operational optimization and cost management, with gradual improvement anticipated in margins [11] Question: How concentrated is revenue among the largest customers, and how does Armlogi plan to differentiate itself? - Customer concentration has decreased, and the company plans to differentiate through high-quality services, advanced technology, and a focus on bulky item handling [13][14]

Financial Data and Key Metrics Changes - For fiscal year 2025, total revenue reached $190.4 million, an increase of 14% compared to $167 million in fiscal year 2024 [7][8] - Cost of sales increased by 29.9% to $193.4 million, primarily due to higher freight costs and operational expansion [8][9] - The company reported a net loss of $15.3 million, or $0.37 per share, compared to the previous year [9] Business Line Data and Key Metrics Changes - The growth in revenue was largely driven by increased demand for transportation and warehousing services, with a more than four-fold increase in the active customer base to 505 [8] - General and administrative expenses rose by 47.2% to $14.7 million, reflecting investments in support of growing operations [9] Market Data and Key Metrics Changes - The company operates 10 warehouses across the U.S., covering approximately 3.9 million square feet, which positions it well for future opportunities in the cross-border e-commerce market [5][10] - The customer base diversified, with one customer accounting for around 10% of revenue, down from two customers representing 20% and 12% in the previous year [15] Company Strategy and Development Direction - The company is focused on optimizing operations, leveraging technology for efficiency, and broadening cost management to achieve consistent profitability [9][13] - Future growth is anticipated to come from expanding geographic coverage and enhancing the technology platform, particularly the Armlogi Order Management System [11][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capturing future opportunities despite operational challenges and cost pressures [5] - Gradual improvement in margins is expected as the operational footprint reaches fuller utilization and technology investments take effect [13] Other Important Information - The company maintains high standards, including ISO 9001 compliance and an average inventory accuracy rate of 99.64% [5] - The focus on bulky item handling and a one-stop solution for cross-border e-commerce differentiates the company from larger competitors [16] Q&A Session Summary Question: What are the main drivers of revenue growth for fiscal year 2026? - Revenue growth is expected to be driven by demand for warehousing and logistics services, particularly from cross-border e-commerce merchants and an expanding U.S.-based customer base [11] Question: When does management expect to achieve consistent profitability and positive free cash flow? - Management is implementing measures for operational optimization and cost management, with gradual improvement in margins anticipated [13] Question: How concentrated is revenue among the largest customers? - One customer accounted for around 10% of revenue in fiscal year 2025, reflecting efforts to diversify the customer base [15]

[Executive Summary](index=1&type=section&id=Executive%20Summary) Armlogi Holding Corp. reported a 14% revenue increase to $190.4 million for FY2025, but operational challenges led to a $3.0 million gross loss and $15.3 million net loss, with future focus on optimization - Armlogi Holding Corp. announced financial results for the fiscal year ended June 30, 2025[2](index=2&type=chunk) - Total revenue increased by **14.0% to $190.4 million**, driven by continued demand for transportation and warehousing services[5](index=5&type=chunk) - The company reported a **gross loss of $3.0 million** and a **net loss of $15.3 million**, primarily due to increased costs from operational expansion and freight[5](index=5&type=chunk) - Future strategy focuses on operational optimization, technology-driven efficiency, and prudent cost management for long-term sustainable growth[6](index=6&type=chunk) [Company Information](index=2&type=section&id=Company%20Information) This section provides an overview of Armlogi Holding Corp.'s business, its forward-looking statements, and contact information for both the company and investor relations [About Armlogi Holding Corp.](index=2&type=section&id=About%20Armlogi%20Holding%20Corp.) Armlogi Holding Corp. is a U.S.-based warehousing and logistics service provider offering comprehensive supply-chain solutions, primarily for cross-border e-commerce merchants, operating ten warehouses covering over 3.5 million square feet - Armlogi is a U.S.-based warehousing and logistics service provider offering comprehensive supply-chain solutions, including warehouse management and order fulfillment[8](index=8&type=chunk) - The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market[8](index=8&type=chunk) - Armlogi operates **ten warehouses** covering over **3.5 million square feet** and is a member of the Russell Microcap® Index[8](index=8&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) This section contains standard forward-looking statements based on expectations and projections about future events, advising caution due to inherent risks and uncertainties, with no obligation to update them - The press release contains forward-looking statements about future events, financial performance, and business prospects[9](index=9&type=chunk) - These statements are based on current expectations and projections but are subject to risks and uncertainties that may cause actual results to differ materially[9](index=9&type=chunk) - The company is not obligated to publicly update or revise any forward-looking statements[9](index=9&type=chunk) [Contact Information](index=2&type=section&id=Company%20Contact) Provides contact details for Armlogi Holding Corp. (info@armlogi.com) and Investor Relations (Matthew Abenante, Strategic Investor Relations, LLC) - Company contact email: **info@armlogi.com**[10](index=10&type=chunk) - Investor Relations contact: **Matthew Abenante**, President, Strategic Investor Relations, LLC, Tel: **347-947-2093**, Email: **matthew@strategic-ir.com**[10](index=10&type=chunk) [Fiscal Year 2025 Financial Performance](index=1&type=section&id=Financial%20Results%20for%20the%20Fiscal%20Year%20Ended%20June%2030%2C%202025) This section details Armlogi's financial performance for fiscal year 2025, including management's perspective on key drivers and challenges, and a summary of the main financial figures [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Aidy Chou highlighted 14% revenue growth and a four-fold increase in active customers, but acknowledged significant operational challenges from warehouse expansion and rising freight costs, which pressured margins. Future focus includes operational optimization, technology-driven efficiency, and prudent cost management - Fiscal year 2025 demonstrated strong demand with **14% revenue growth** and a more than **four-fold increase in active customers**[4](index=4&type=chunk) - Operational challenges included substantial investments in labor and infrastructure for warehouse network expansion, pressuring near-term margins[4](index=4&type=chunk) - Increased freight costs from major carriers (FedEx, UPS) significantly impacted profitability, leading to carrier diversification[5](index=5&type=chunk) - The company's future strategy focuses on operational optimization, technology-driven efficiency, and prudent cost management for sustainable growth[6](index=6&type=chunk) [Key Financial Summary](index=1&type=section&id=Key%20Financial%20Summary) FY2025 revenue grew 14.0% to $190.4 million, but a 29.9% rise in cost of service led to a $3.0 million gross loss and a $15.3 million net loss, or $0.37 per share Fiscal Year 2025 Key Financial Highlights | Metric | FY2025 (US$) | FY2024 (US$) | Change (US$) | Change (%) | | :-------------------------------- | :----------- | :----------- | :----------- | :--------- | | Total Revenue | 190,408,258 | 166,977,034 | 23,431,224 | 14.0% | | Cost of Service | 193,408,827 | 148,894,227 | 44,514,600 | 29.9% | | Gross (Loss) Profit | (3,000,569) | 18,082,807 | (21,083,376) | -116.6% | | Gross Margin | -1.6% | 10.8% | -12.4 pp | - | | General and Administrative Expenses | 14,675,543 | 9,967,792 | 4,707,751 | 47.2% | | Net (Loss) Income | (15,348,767) | 7,441,218 | (22,789,985) | -306.3% | | Basic & Diluted Net (Loss) Earnings Per Share | (0.37) | 0.19 | (0.56) | -294.7% | | Cash and Cash Equivalents and Restricted Cash (Year-End) | 13,577,827 | 9,950,384 | 3,627,443 | 36.4% | [Conference Call & Audio Webcast](index=2&type=section&id=Conference%20Call%20%26%20Audio%20Webcast) Armlogi's management team will host an earnings conference call and live audio webcast on September 25, 2025, at 1:30 p.m. Pacific Time to discuss financial results and operations, with specific dial-in and webcast access details provided - An earnings conference call will be held on **September 25, 2025**, at **1:30 p.m. Pacific Time** (4:30 p.m. Eastern Time)[6](index=6&type=chunk) - Access details include a phone number (**1-800-445-7795**, international **1-785-424-1699**) with conference ID **ARMLOGI**, and a live audio webcast link[7](index=7&type=chunk) [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) This section presents the detailed consolidated financial statements for Armlogi Holding Corp. for the fiscal years ended June 30, 2025, and 2024, including the Balance Sheets, Statements of Operations and Comprehensive Income, and Statements of Cash Flows [Consolidated Balance Sheets](index=3&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2025, total assets increased slightly to $170.2 million, while total liabilities significantly rose to $145.1 million, driven by operating lease liabilities and convertible notes, leading to a decrease in stockholders' equity to $25.1 million Consolidated Balance Sheet Highlights (US$) | Metric | June 30, 2025 | June 30, 2024 | Change | | :-------------------------------- | :------------ | :------------ | :----- | | Total Assets | 170,214,195 | 167,034,856 | 3,179,339 | | Current Assets | 37,665,911 | 37,984,932 | (319,021) | | Non-Current Assets | 132,548,284 | 129,049,924 | 3,498,360 | | Total Liabilities | 145,124,257 | 127,796,151 | 17,328,106 | | Current Liabilities | 45,787,013 | 32,963,921 | 12,823,092 | | Non-Current Liabilities | 99,337,244 | 94,832,230 | 4,505,014 | | Total Stockholders' Equity | 25,089,938 | 39,238,705 | (14,148,767) | - Convertible notes of **$5.29 million** were recorded as current liabilities in FY2025[12](index=12&type=chunk) - Operating lease liabilities (current and non-current) increased significantly, reflecting expanded operational footprint[12](index=12&type=chunk) [Consolidated Statements of Operations and Comprehensive Income](index=4&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS%20AND%20COMPREHENSIVE%20INCOME) For FY2025, revenue increased by 14.0% to $190.4 million, but a 29.9% surge in cost of service resulted in a $3.0 million gross loss and a $15.3 million net loss, or $0.37 per share, a significant decline from the prior year Consolidated Statements of Operations Highlights (US$) | Metric | FY2025 | FY2024 | Change | Change (%) | | :-------------------------------- | :----------- | :----------- | :----------- | :--------- | | Revenue | 190,408,258 | 166,977,034 | 23,431,224 | 14.0% | | Costs of Service | 193,408,827 | 148,894,227 | 44,514,600 | 29.9% | | Gross (Loss) Profit | (3,000,569) | 18,082,807 | (21,083,376) | -116.6% | | General and Administrative | 14,675,543 | 9,967,792 | 4,707,751 | 47.2% | | (Loss) Income from Operations | (17,676,112) | 8,115,015 | (25,791,127) | -317.8% | | Net (Loss) Income | (15,348,767) | 7,441,218 | (22,789,985) | -306.3% | | Basic & Diluted Net (Loss) Earnings Per Share | (0.37) | 0.19 | (0.56) | -294.7% | - The company recognized a **loss on debt extinguishment of $1.19 million** in FY2025[15](index=15&type=chunk) - Total income tax shifted from an expense of **$2.95 million** in FY2024 to a recovery of **$1.56 million** in FY2025[15](index=15&type=chunk) [Consolidated Statements of Cash Flows](index=5&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Net cash from operating activities decreased to $1.46 million in FY2025 due to net loss. Net cash used in investing activities decreased to $1.81 million, while net cash from financing activities also decreased to $3.97 million, resulting in an overall increase in cash and cash equivalents to $13.58 million Consolidated Statements of Cash Flows Highlights (US$) | Metric | FY2025 | FY2024 | Change | | :-------------------------------- | :----------- | :----------- | :----------- | | Net Cash Provided from Operating Activities | 1,460,845 | 2,992,889 | (1,532,044) | | Net Cash Used in Investing Activities | (1,805,223) | (7,437,605) | 5,632,382 | | Net Cash Provided by Financing Activities | 3,971,821 | 7,837,001 | (3,865,180) | | Net Increase in Cash and Cash Equivalents and Restricted Cash | 3,627,443 | 3,392,285 | 235,158 | | Cash and Cash Equivalents and Restricted Cash, End of Year | 13,577,827 | 9,950,384 | 3,627,443 | - Non-cash transactions included **$27.86 million** in right-of-use assets acquired for operating lease liabilities and **$0.82 million** for finance lease liabilities in FY2025[18](index=18&type=chunk) - Repayments of SEPA (Share Exchange Purchase Agreement) totaled **$3.26 million** in FY2025[17](index=17&type=chunk)

Documents Incorporated by Reference Portions of the 2025 Annual Meeting of Stockholders proxy statement are incorporated by reference in Part III of this Annual Report on Form 10-K [Portions of Proxy Statement](index=2&type=section&id=Portions%20of%20Proxy%20Statement) Portions of the registrant's proxy statement for its 2025 Annual Meeting of Stockholders are incorporated by reference in Part III of this Annual Report on Form 10-K - **Portions of the 2025 Annual Meeting of Stockholders proxy statement are incorporated by reference in Part III of this 10-K**[9](index=9&type=chunk) Part I This section details the company's business operations, competitive strengths, growth strategies, organizational structure, customer and supplier relationships, warehousing network, services, technology, employees, competition, governmental regulations, and associated risk factors [Item 1. Business](index=4&type=section&id=Item%201.%20Business) Armlogi Holding Corp. is a rapidly expanding U.S.-based warehousing and logistics service provider offering comprehensive supply-chain solutions, primarily serving cross-border e-commerce merchants from China, operating ten warehouses across the U.S. with **3.9 million square feet**, and reported a **net loss** in FY2025, with **84% of revenue** derived from PRC-based customers - **Armlogi Holding Corp. is a fast-growing U.S.-based warehousing and logistics service provider offering comprehensive supply-chain solutions, including warehouse management and order fulfillment**[13](index=13&type=chunk) - The company operates **ten warehouses** across the U.S. with an aggregate gross floor area of approximately **3,905,020 square feet**, equipped for processing bulky items[15](index=15&type=chunk) - A significant portion of revenue is generated from PRC-based customers, accounting for approximately **84% in FY2025** and **96% in FY2024**[16](index=16&type=chunk) Key Financial Highlights (FY2025 vs FY2024) | Metric | FY2025 (US$ million) | FY2024 (US$ million) | Change (US$ million) | Change (%) | | :----- | :------------------- | :------------------- | :------------------- | :--------- | | Total Revenue | 190.4 | 167.0 | 23.4 | 14.0% | | Net Income (Loss) | (15.3) | 7.4 | (22.7) | -306.8% | [Overview](index=4&type=section&id=Overview) The company provides comprehensive warehousing and logistics services to cross-border e-commerce merchants and U.S.-based commercial customers - The company provides **one-stop warehousing and logistics services** to cross-border e-commerce merchants outside the U.S. who seek to sell in the U.S. market, as well as U.S.-based commercial customers[15](index=15&type=chunk) - Services include customs brokerage, transportation to U.S. warehouses, and warehouse management and order fulfillment (storage, packing, labeling, kitting, inventory management, third-party distribution, and value-added services)[15](index=15&type=chunk) Active Customer Base | Date | Active Customers | | :--------- | :--------------- | | June 30, 2025 | 505 | | June 30, 2024 | 105 | [Our Competitive Strengths](index=4&type=section&id=Our%20Competitive%20Strengths) The company leverages quality services, competitive pricing, proprietary technology, and an experienced management team for competitive advantage - The company offers **quality warehousing and logistics services** meeting ISO 9001 standards, with **high inventory accuracy (99.64% in FY2025)** and 24/7 customer support, particularly suitable for bulky e-commerce items[17](index=17&type=chunk)[18](index=18&type=chunk) - **Reasonable service and delivery fees** are achieved due to large processing volumes, enabling significant discounts from third-party logistics providers like FedEx and UPS[19](index=19&type=chunk) - **Efficient and low-error warehousing services** are provided by leveraging proprietary technology, including the Armlogi Order Management System (OMS), built on Amazon Web Services[20](index=20&type=chunk)[22](index=22&type=chunk) - An **experienced management team** with decades of supply chain, warehousing, and logistics industry expertise drives strategic planning and day-to-day operations[23](index=23&type=chunk) [Our Growth Strategies](index=7&type=section&id=Our%20Growth%20Strategies) The company plans to expand its customer base and geographic footprint, enhance supply chain efficiency, invest in technology, and pursue strategic acquisitions - Plans to expand and diversify the customer base beyond China into Southeast Asia (Vietnam, Thailand, Indonesia, Philippines) and Mexico, and to grow geographic footprint in key U.S. markets (California, Georgia, Tennessee, Florida, Illinois, Arizona) by leasing additional warehouse space[24](index=24&type=chunk) - Enhance supply chain efficiency by expanding solutions, including international ocean freight services launched in January 2023, aiming for a comprehensive factory-to-consumer doorstep solution[25](index=25&type=chunk) - Further invest in supply chain technologies like AI, data analytics, and optimization algorithms to improve efficiency, transparency, and sustainability, and to offer smart supply chain solutions[26](index=26&type=chunk) - Pursue additional strategic and financially attractive acquisitions to expand the warehousing and logistics business and achieve synergies[27](index=27&type=chunk) [Organizational Structure](index=8&type=section&id=Organizational%20Structure) Armlogi Holding Corp. was incorporated in Nevada in 2022, acquired Armstrong Logistic Inc., and completed its IPO in May 2024 - **Armlogi Holding Corp. was incorporated in Nevada on September 27, 2022**, and acquired Armstrong Logistic Inc. on October 7, 2022, as part of an IPO reorganization[29](index=29&type=chunk)[31](index=31&type=chunk) - Armstrong Logistic Inc. holds **100% equity interests** in several subsidiaries: Armlogi Truck Dispatching LLC, AndTech Trucking LLC, Amlogi Trucking LLC, Armlogi Group LLC, and AndTech Customs Broker LLC[28](index=28&type=chunk) - The company closed its IPO on **May 15, 2024**, issuing **1,600,000 shares of common stock** at **$5.00 per share**, trading on Nasdaq under 'BTOC'[29](index=29&type=chunk) [Our Business Model](index=8&type=section&id=Our%20Business%20Model) The company's business model focuses on providing integrated warehousing and logistics services to cross-border e-commerce and domestic customers - The business model involves providing a package of warehousing and logistics services to international cross-border e-commerce merchants (primarily from PRC) and domestic customers[30](index=30&type=chunk) - Revenue is recognized from three main sources: Transportation Services (reselling third-party carrier services), Warehousing Services (inventory management, storage), and Other Services (primarily customs brokerage)[30](index=30&type=chunk)[34](index=34&type=chunk) - Service fees vary based on factors like load type, weight, volume, storage time, and delivery distance, with transportation fees typically ranging from **$5 to $75** and warehousing fees from **$3 to $500**[30](index=30&type=chunk)[34](index=34&type=chunk) [Our Customers](index=9&type=section&id=Our%20Customers) The company primarily serves overseas cross-border e-commerce merchants from the PRC, with a growing U.S. domestic customer base - Primary customer types are overseas cross-border e-commerce merchants (mainly from PRC) selling in the U.S. market and U.S. domestic e-commerce merchants[32](index=32&type=chunk) Revenue Contribution by Customer Type | Customer Type | FY2025 Revenue (%) | FY2024 Revenue (%) | | :------------ | :----------------- | :----------------- | | Overseas (PRC) | 84% | 96% | | U.S. Domestic | 16% | 4% | Largest Customers by Revenue Contribution | Fiscal Year | Customer 1 (Revenue %) | Customer 2 (Revenue %) | Customer 3 (Revenue %) | Customer 4 (Revenue %) | | :---------- | :--------------------- | :--------------------- | :--------------------- | :--------------------- | | FY2025 | Goldensee Ltd. (22.0%) | Kimberly Tenneco Inc (10.8%) | N/A | N/A | | FY2024 | Aukey International Ltd. (11.7%) | Western Post (HK) Ltd. (11.7%) | Goldensee Ltd. (10.9%) | Union Grand Imp. & Exp. Co., Ltd. (10.0%) | [Our Suppliers](index=10&type=section&id=Our%20Suppliers) Key suppliers include warehouse landlords and third-party logistics providers like FedEx and UPS - Key suppliers include warehouse landlords and third-party logistics service providers like FedEx and UPS for transportation and delivery[35](index=35&type=chunk) Supplier Concentration (Percentage of Total Purchases) | Supplier | FY2025 (%) | FY2024 (%) | | :------- | :--------- | :--------- | | FedEx | 9% | 50% | | UPS | 15.2% | N/A | | MEGA CORP LOGISTIC LLC | 10% | N/A | - Armstrong Logistic has a service agreement with FedEx since **April 10, 2020**, for various transportation services, with potential for earned discounts based on shipping activity[36](index=36&type=chunk) [Our Warehousing Network](index=10&type=section&id=Our%20Warehousing%20Network) The company operates ten strategically located leased warehouses across five U.S. states, equipped with automated systems and advanced security - The company operates **ten leased warehouses** in **five U.S. states** (California, Georgia, Texas, New Jersey, Illinois), strategically located near major ports[37](index=37&type=chunk) - Warehouses have an aggregate gross floor area of **3,905,020 square feet** and are equipped with automated sorting systems, forklifts, pallets, trays for bulky items, and advanced security/scanning systems[37](index=37&type=chunk) - Data analytics are utilized for optimal inventory distribution, SKU-level real-time monitoring, live

Core Insights - Armlogi Holding Corp. reported a 14% increase in revenue for the fiscal year ended June 30, 2025, reaching approximately $190.4 million, up from $167.0 million in the previous year [6] - The company faced significant operational challenges, including a more than four-fold increase in its active customer base, rising costs due to freight, rental, labor, and warehouse expenses, leading to a gross loss of $3.0 million [3][6] - Despite these challenges, the company remains committed to its growth strategy, focusing on operational optimization and technology-driven efficiency for long-term sustainable growth [3] Financial Performance - 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 [6] - Cost of service rose by $44.5 million, or 29.9%, primarily due to higher freight, rental, labor, and warehouse expenses associated with the expansion of operations [6] - Gross profit declined to a loss of $3.0 million for the fiscal year ended June 30, 2025, compared to a gross profit of $18.1 million in the previous fiscal year, with the gross margin falling to -1.6% from 10.8% [6] Operational Challenges - The company experienced significant operational challenges while expanding its warehouse network and dealing with a difficult freight cost environment [3] - Increases in third-party carrier costs, particularly from major suppliers like FedEx and UPS, significantly impacted the profitability of transportation services [6] - General and administrative expenses totaled $14.7 million, representing a 47.2% increase from $10.0 million in the prior fiscal year, primarily due to investments in business growth [6] Future Outlook - The management believes that the expanded infrastructure positions the company well for future opportunities despite current challenges [3] - The focus remains on operational optimization, technology-driven efficiency, and prudent cost management to ensure long-term sustainable growth [3] Company Overview - Armlogi Holding Corp. is a U.S.-based warehousing and logistics service provider, offering a comprehensive package of supply-chain solutions, including warehouse management and order fulfillment [7] - The company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market, operating ten warehouses covering over three and a half million square feet [7]

Core Viewpoint - Armlogi Holding Corp. is set to release its financial results for the fiscal year ending June 30, 2025, on September 25, 2025, before market opening [1] Company Overview - Armlogi Holding Corp. is a U.S.-based warehousing and logistics service provider located in Walnut, CA, offering a comprehensive package of supply-chain solutions, including warehouse management and order fulfillment [4] - The company caters to cross-border e-commerce merchants aiming to establish overseas warehouses in the U.S. market [4] - Armlogi operates ten warehouses covering over 3.5 million square feet, providing one-stop warehousing and logistics services [4] - The warehouses are equipped to handle and store large and bulky items, enhancing operational capabilities [4] - Armlogi is a member of the Russell Microcap® Index, indicating its position in the market [4] Earnings Conference Call - The management team will hold an earnings conference call on September 25, 2025, at 1:30 P.M. Pacific Time to discuss financial results and company operations [2] - Investors can submit written questions by September 22, 2025, via email [2] Access Information - To access the conference call, participants should dial the provided phone numbers approximately 10 minutes before the call starts, using the conference ID: ARMLOGI [3]

Core Insights - Armlogi Holding Corp. has appointed two new independent directors, Maxwell E. Lin and David Chiu, to its Board following the resignation of Florence Ng and Kwong Sang Liu [1][2][3] Group 1: Board Changes - Florence Ng and Kwong Sang Liu resigned from their positions as directors on August 31, 2025, citing personal reasons without any disagreement with the company [2] - The Board approved the appointments of Maxwell E. Lin and David Chiu as independent directors on the same day [3] Group 2: New Directors' Backgrounds - Maxwell E. Lin has over 30 years of legal experience, holding degrees in law and business administration, and has been the founder and CEO of his law firm since 1989, focusing on business litigation and corporate law [4] - David Chiu has significant operational and international business expertise, with a background in economics and business management, and has been the General Manager of Aonegroup Inc. since 2022, overseeing import/export activities [5] Group 3: Company Overview - Armlogi Holding Corp. is a U.S.-based warehousing and logistics service provider, specializing in supply-chain solutions for cross-border e-commerce merchants [7] - The company operates ten warehouses covering over 3.5 million square feet, equipped for handling large and bulky items, and is a member of the Russell Microcap® Index [7]