Cambodia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced an update on customer orders for the fiscal year ending March 31, 2026 (“Fiscal Year 2026”). As of today, the Company has received new orders for Trans 2026 season of approximately US$4.0 million, for total orders to date for Fiscal Year 2026 of approximately US$17.2 million. Cust ...

Group 1 - The company Kandal M Venture Limited reported customer orders totaling approximately US$6,722,000 for the fiscal year ending March 31, 2026, with orders for the Resort 2026 and Spring 2026 seasons meeting expectations [2][3] - The company aims to increase orders and expand its operations to enhance its geographic presence and customer base [3] - Kandal M Venture Limited specializes in manufacturing affordable luxury leather goods, including various types of handbags and smaller leather items like wallets, with manufacturing operations based in Cambodia [4]

Core Viewpoint - Kandal M Venture Limited has reported significant growth in revenue and completed a successful IPO, marking a new phase of growth and global recognition for the company [2][3]. Financial Performance - Revenue increased by US$3,214,934 or approximately 23.0%, from US$13,971,743 for the year ended March 31, 2024 to US$17,186,677 for the year ended March 31, 2025, driven by growth in handbag sales and recovery in the global handbag market [4]. - Cost of sales rose by US$3,224,831 or approximately 30.4%, from US$10,604,640 to US$13,829,471 during the same period [5]. - Gross profit decreased by US$9,897 or approximately 0.3%, from US$3,367,103 to US$3,357,206, with a gross profit margin decline of approximately 4.6 percentage points, from 24.1% to 19.5% [6]. - Selling and distribution expenses remained stable at approximately 1.7% of revenue for 2024 and approximately 1.8% for 2025 [7]. - Professional services fees surged by US$822,461 or approximately 1,094.5%, from US$75,147 to US$897,608, primarily due to one-off IPO-related expenses [8][9]. - Net income decreased by US$909,859 or approximately 81.3%, from US$1,119,532 to US$209,673, attributed to increased cost of goods sold and one-off IPO expenses [12]. Cash Flow and Operating Activities - The company generated net cash from operating activities of US$2,134,565 for the year ended March 31, 2025, mainly from net profit of US$228,954 [11]. - Cash inflow was primarily from sales, while cash outflow was mainly for raw material purchases, staff costs, and other operating expenses [10]. IPO and Market Presence - The company completed its IPO on June 25, 2025, selling 2,000,000 Class A ordinary shares at a price of $4.00 per share, with total gross proceeds reaching $9.2 million after the over-allotment option [2][3]. - The IPO marks a significant milestone as the company aims to expand its global presence and enhance production and design capabilities [3]. Company Overview - Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods, primarily handbags, with manufacturing operations in Cambodia [13].