PERTH, AUSTRALIA, July 17, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (“Globavend” or the “Company”) (NASDAQ: GVH), an emerging e-commerce logistics provider, today announced that it intends to effect a 1-for-200 reverse stock split of the Company’s ordinary shares (the “Reverse Stock Split”). The Company anticipates that the ordinary shares will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split basis upon the opening of the market on July 21, 2025 (the “Effective Date”). A ...

Core Viewpoint - Globavend Holdings Limited has received a "Buy" rating from Litchfield Hills Research with a price target of $0.40, indicating potential for significant growth in a fragmented e-commerce logistics market [1][2][3]. Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions primarily in Hong Kong, Australia, and New Zealand [5]. - The company serves enterprise customers, including e-commerce merchants and platforms, facilitating business-to-consumer (B2C) transactions [5]. - Globavend provides integrated cross-border logistics services, including parcel drop-off, consolidation, air-freight forwarding, customs clearance, transportation, and final delivery [5]. Market Position - As of July 10, 2025, Globavend's shares closed at $0.0808, significantly below the target price set by Litchfield Hills [2]. - The company currently holds between 1% and 5% of the market share in its service territories, suggesting substantial growth opportunities [2][3]. Analyst Coverage - Litchfield Hills Research's report is compliant with FINRA research rules and is accessible on multiple financial platforms [4]. - The report has been developed independently without input from Globavend's management, ensuring an unbiased analysis [3].

Industry Overview - The Australian cosmetics and personal care market is estimated to be approximately $8.7 billion in 2024 and is projected to reach $14 billion by 2033, with a compound annual growth rate (CAGR) of 5.47% [3] - Online retail sales in Australia have significantly outpaced the broader market, with a 12% increase in 2024, and health and beauty products specifically rising by 13.4% [3] Company Partnership - Globavend Holdings Limited has formed a strategic partnership with Strawberry Cosmetics (Services) Limited to provide a wide range of premium beauty products to the Australian market [2][4] - This partnership aims to enhance access to high-quality beauty brands for Australian consumers while expanding Globavend's presence in the e-commerce logistics sector [4][5] Logistics and Services - Globavend will leverage its logistics infrastructure across Hong Kong, Australia, and New Zealand to streamline cross-border fulfillment for Strawberrynet, improving shipping times and customer experience [6] - The company will offer comprehensive logistics services, including secured airfreight capacity, returns management, live customer support, and end-to-end parcel tracking [6] Market Demand - The partnership is timely as the Australian beauty sector is experiencing increased demand for international brands, facilitating a seamless online shopping experience for consumers [8] - This collaboration positions Globavend as a leader in end-to-end logistics solutions, paving the way for further partnerships and market expansion [8]

Core Viewpoint - Univest Securities, LLC has successfully closed a public offering of approximately $15 million for Globavend Holdings Limited, an emerging e-commerce logistics provider [1][4]. Group 1: Offering Details - The offering consists of 21,739,130 ordinary shares or pre-funded warrants, each sold with one Series A Warrant at an initial exercise price of $0.69 and one Series B Warrant at an initial exercise price of $1.173 [2]. - The purchase price for each ordinary share and accompanying warrants is $0.69, while the pre-funded warrants are priced at $0.689 [3]. - The gross proceeds to Globavend from this offering are approximately $15 million before deducting fees and expenses [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for capital expenditures, increasing operating capacity, working capital, general corporate purposes, purchasing warehouses, and potential mergers and acquisitions [4]. Group 3: Company Overview - Globavend Holdings Limited provides end-to-end logistics solutions primarily for enterprise customers in Hong Kong, Australia, and New Zealand, facilitating B2C transactions [9]. - The company offers integrated cross-border logistics services, including parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [9].

Core Viewpoint - Globavend Holdings Limited is conducting a public offering to raise approximately $15 million to support its e-commerce logistics operations and future growth initiatives [1][4]. Group 1: Offering Details - The offering consists of 21,739,130 ordinary shares or pre-funded warrants, each sold with one Series A Warrant and one Series B Warrant [2]. - The purchase price for each ordinary share and accompanying warrants is set at $0.69, while the pre-funded warrants are priced slightly lower [3]. - The Series A Warrants have an initial exercise price of $0.69 and expire one year after their initial exercise date, while the Series B Warrants have an exercise price of $1.173 and also expire one year after their initial exercise date [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for capital expenditures, increasing operating capacity, working capital, general corporate purposes, purchasing warehouses, and potential mergers and acquisitions [4]. Group 3: Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions primarily in Hong Kong, Australia, and New Zealand [6]. - The company serves enterprise customers, facilitating business-to-consumer (B2C) transactions and providing integrated cross-border logistics services [6].

Core Points - Globavend Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement after maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days [1][2] - The listing matter has been closed, and the company's ordinary shares continue to trade on Nasdaq under the symbol "GVH" [2] Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia, and New Zealand [3] - The company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions [3] - Globavend provides integrated cross-border logistics services, including pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [3]

Core Viewpoint - Globavend Holdings Limited has received approval-in-principle for up to $900,000 in non-dilutive government funding to support its expansion into the Chinese market, which is seen as a significant milestone for the company [1][3]. Group 1: Government Funding - The funding is provided by the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) from the Hong Kong government, aimed at helping local businesses scale operations and expand into new markets [2]. - The Hong Kong government has allocated approximately $770 million to the BUD Fund to assist enterprises in capturing opportunities from China's 12th Five-Year Plan [2]. Group 2: Company Expansion - The CEO of Globavend expressed confidence in the company's eligibility for the funding and emphasized the importance of this financial support for accelerating their expansion into China [3]. - Globavend has already established its business model in Australia, New Zealand, and Hong Kong, making the entry into China a natural progression [3]. - The company aims to leverage the funding to scale its operations without compromising its capital structure, especially as Australia is becoming a key logistics hub amid geopolitical tensions [3]. Group 3: Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions primarily for enterprise customers, including e-commerce merchants [4]. - The company provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, covering various logistics processes such as parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [4].

Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia, and New Zealand [3] - The company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions [3] - Globavend delivers integrated cross-border logistics services, including pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [3] Compliance and Listing Status - On February 13, 2025, Nasdaq granted Globavend an additional 180 calendar days, until August 11, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market [1] - If compliance is not regained by the deadline, Nasdaq will issue a delisting determination, which the company may appeal [2] - The company intends to monitor the closing bid price of its Ordinary Shares and may consider options such as a reverse stock split to regain compliance [2]

Revenue Performance - Revenue decreased by $2,046,349, or 11.0%, from $18,586,528 for the year ended September 30, 2023 to $16,540,179 for the year ended September 30, 2024[367] - Revenue from integrated cross-border logistics services decreased by $1,755,756, or 10.4%, from $16,872,539 to $15,116,783[368] - Revenue from air freight forwarding services decreased by $290,593, or 17.0%, from $1,713,989 to $1,423,396[368] - Revenue from integrated cross-border logistics services decreased by $2,571,643, or 13.2%, from $19,444,182 for the year ended September 30, 2022 to $16,872,539 for the year ended September 30, 2023[396] Gross Profit and Margins - Gross profit increased by 27.0% to $2,419,402 for the year ended September 30, 2024, from $1,905,587 for the year ended September 30, 2023[376] - Gross profit margin increased to 14.6% for the year ended September 30, 2024, from 10.3% for the year ended September 30, 2023[376] - Gross profit increased by 35.5% to $1,905,587 for the year ended September 30, 2023, from $1,405,878 for the year ended September 30, 2022, with a gross profit margin increase to 10.3%[404] Cost of Revenue - Cost of revenue decreased by $2,560,164, or 15.3%, from $16,680,941 to $14,120,777[370] - Air freight charges decreased by $3,593,641, or 50.5%, from $7,113,911 to $3,520,270[371] - Cost of revenue decreased by $5,934,377, or 26.2%, from $22,615,318 for the year ended September 30, 2022 to $16,680,941 for the year ended September 30, 2023, mainly due to reduced air freight and courier expenses[398] Operating Expenses - General and administrative expenses increased by $320,623, or 42.3%, from $758,726 for the year ended September 30, 2023 to $1,079,349 for the year ended September 30, 2024[377] - Travel expenses surged by $146,964, or 326.2%, from $45,056 for the year ended September 30, 2023 to $192,020 for the year ended September 30, 2024, primarily due to increased travel activities[380] - Legal and professional fees rose by $158,937, or 489.2%, from $32,491 for the year ended September 30, 2023 to $191,428 for the year ended September 30, 2024, mainly due to increased legal consulting fees[381] - Staff costs decreased by $19,671, or 5.3%, from $370,826 for the year ended September 30, 2023 to $351,155 for the year ended September 30, 2024, attributed to reduced discretionary bonuses[379] - Audit fees increased by $18,589, or 10.8%, from $171,667 for the year ended September 30, 2023 to $190,256 for the year ended September 30, 2024, primarily due to professional services fees related to the audit[378] - Audit fees increased by $170,000, or 10,198.0%, from $1,667 for the year ended September 30, 2022, to $171,667 for the year ended September 30, 2023[406] - Staff costs decreased by $13,133, or 3.4%, from $383,959 for the year ended September 30, 2022, to $370,826 for the year ended September 30, 2023[407] - Travel expenses decreased by $24,327, or 35.1%, from $69,383 for the year ended September 30, 2022, to $45,056 for the year ended September 30, 2023[408] Net Income - Net income increased by 24.3% to $1,339,008 for the year ended September 30, 2024, compared to $1,077,392 for the year ended September 30, 2023, driven by increased gross profit[392] - Net income increased by 33.0% to $1,077,392 for the year ended September 30, 2023, compared to $810,227 for the year ended September 30, 2022[418] Cash and Liquidity - Cash and cash equivalents increased from $554,132 as of September 30, 2023, to $2,296,462 as of September 30, 2024, an increase of $1,742,330[422] - Accounts receivable, net increased by $255,345, or 17.9%, from $1,429,299 as of September 30, 2023, to $1,684,644 as of September 30, 2024[423] - Contract assets increased by $353,571, or 65.0%, from $543,838 as of September 30, 2023, to $897,409 as of September 30, 2024[428] - Deferred costs decreased by $932,155, or 71.4%, from $1,306,441 as of September 30, 2023, to $374,286 as of September 30, 2024[430] - Accounts payable decreased by $1,952,070, or 75.0%, from $2,601,253 as of September 30, 2023, to $649,183 as of September 30, 2024[431] - Other payables and accrued liabilities decreased by $860,823, or 78.5%, from $1,096,016 as of September 30, 2023, to $235,194 as of September 30, 2024[433] - Cash and cash equivalents at the end of the year increased to $2,296,462 as of September 30, 2024, compared to $554,132 as of September 30, 2023[450] - The company anticipates that its cash and cash equivalents will be sufficient to meet its anticipated cash needs for at least the next twelve months[458] - The company reported cash and cash equivalents sufficient to meet working capital needs for the next 12 months, with no material trends or uncertainties identified in liquidity or capital resources[468] - The company had a banking facility arrangement with a maximum amount of HK$3,690,000, with an outstanding principal of nil as of September 30, 2024[469] - The company may seek to issue equity or debt securities in the future if cash requirements exceed available cash, which could lead to shareholder dilution[470] Accounts and Assets - The average daily number of packages decreased from 5,890 in 2022 to 5,654 in 2023, while the average daily freight weight dropped from 2,765 kg to 2,459 kg[397] - Accounts receivable increased by $317,301, or 28.5%, from $1,111,998 as of September 30, 2022, to $1,429,299 as of September 30, 2023[440] - Contract assets rose by $109,081, or 25.1%, from $434,757 as of September 30, 2022, to $543,838 as of September 30, 2023, due to more in-transit deliveries[443] - Accounts payable increased by $1,290,186, or 98.4%, from $1,311,067 as of September 30, 2022, to $2,601,253 as of September 30, 2023, primarily due to outstanding supplier invoices[445] - Other payables and accrued liabilities surged by $1,082,973, or 8,303.1%, from $13,043 as of September 30, 2022, to $1,096,016 as of September 30, 2023[447] - Total current assets increased by 90.0%, from $2,116,028 on September 30, 2022, to $4,021,110 on September 30, 2023, mainly due to an increase in deferred costs[465] - Total current liabilities increased by 140.8%, from $1,616,528 on September 30, 2022, to $3,892,365 as of September 30, 2023, primarily due to an increase in accounts payables[465] - Working capital improved significantly from $128,745 as of September 30, 2023, to $2,670,291 as of September 30, 2024[466] - As of September 30, 2024, accounts receivable increased from $1,429,299 to $1,684,644, while working capital surged from $128,745 to $2,670,291, primarily due to proceeds from the issuance of ordinary shares[467] Risk Management - For the years ended September 30, 2022, 2023, and 2024, foreign currency costs represented 47.7%, 54.3%, and 62.0% of the cost of revenue, respectively, with foreign exchange gains of $72,974, $118,508, and $156,937[691] - The company has designed credit policies to minimize exposure to credit risk, with maximum exposure equaling the carrying amount of cash, accounts receivable, and other financial assets[688] - Liquidity risk management ensures sufficient cash on demand to meet operational expenses for 60 days, excluding extreme circumstances[693]

Core Insights - Globavend Holdings Limited reported a significant growth of 24% in net income for the fiscal year 2024, reaching $1.34 million [6] - The company's revenue for the same period was $16.5 million, with a gross profit margin of 14.6% [6] - Earnings per share (EPS) increased by 13% year-over-year to $0.09 [6] Financial Highlights - Current assets increased from $4.02 million in 2023 to $5.46 million in 2024 [5] - Total assets grew from $4.47 million in 2023 to $7.96 million in 2024 [5] - Total shareholders' equity rose significantly from $502,176 in 2023 to $5.17 million in 2024 [9] Operational Overview - Globavend provides end-to-end logistics solutions primarily for enterprise customers in Hong Kong, Australia, and New Zealand [2] - The company facilitates business-to-consumer (B2C) transactions and offers integrated cross-border logistics services [2] - The operational services include parcel drop-off, consolidation, air-freight forwarding, customs clearance, and final delivery [2]