Core Viewpoint - Globavend Holdings Limited reported a significant revenue increase of 63.7% for the first half of 2025, indicating accelerated business growth [1]. 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, primarily serving enterprise customers [2]. Financial Performance - For the six months ended March 31, 2025, Globavend's revenue reached approximately $13.72 million, up from about $8.38 million in the same period of 2024, reflecting a growth of 63.7% [8]. - The cost of revenue increased from approximately $6.73 million to about $12.28 million, leading to a gross profit decrease from around $1.66 million to approximately $1.45 million [8]. - Net income attributable to Globavend Holdings Limited decreased from approximately $898,795 in 2024 to about $450,256 in 2025 [8]. - Earnings per share dropped from $12.57 to $6.01 during the same period [8]. Balance Sheet Highlights - As of March 31, 2025, total assets were approximately $6.35 million, down from about $7.96 million as of September 30, 2024 [5]. - Current liabilities decreased significantly from approximately $2.79 million to about $696,990 [5]. - Total shareholders' equity increased from approximately $5.17 million to about $5.66 million [5].
Globavend Presents First Half 2025 Financial Results