Core Viewpoint - WF Holding Limited reported significant growth in revenue for the first half of 2025, driven by the completion of high-value projects, but faced increased costs leading to a net loss compared to the previous year [4][11]. Financial Performance - Revenue increased by $1,448,789, or 70.09%, to $3,515,890 for the six months ended June 30, 2025, compared to $2,067,101 for the same period in 2024 [4][7]. - Cost of sales rose by $1,078,000, or 86.68%, to $2,321,681, resulting in a cost of sales percentage of 66.03% for 2025, up from 60.17% in 2024 [5][7]. - Gross profit increased by $370,789, or 45.03%, to $1,194,209, with a gross margin of 33.97% in 2025, down from 39.83% in 2024 [6][7]. - Administrative expenses surged by $839,479, or 133.26%, to $1,469,419, representing 41.79% of revenue in 2025, compared to 30.47% in 2024 [8]. - The company reported a net loss of $320,544 for the six months ended June 30, 2025, compared to a net income of $218,705 for the same period in 2024, marking a decrease of $539,249, or 246.56% [11][17]. Cash Flow and Financial Position - As of June 30, 2025, the company had cash and cash equivalents of $3,150,892, a significant increase from $679,044 at the end of June 2024 [21]. - The company raised approximately $8 million from its initial public offering on March 28, 2025, and an additional $960,000 from a partial over-allotment option on May 7, 2025 [7]. - Total assets increased to $15,683,370 as of June 30, 2025, compared to $6,215,437 at the end of 2024 [15][16]. Investment and Acquisitions - On May 15, 2025, the company acquired 100% of Global Key Investment Limited for $3 million, which holds a significant stake in Carlico International Group Holdings Limited [7].
WF HOLDING LIMITED Announces Interim Financial Results for the Six Months Ended June 30, 2025