Elite Express Holding Inc. Announces Full Year 2025 Results

Core Viewpoint - Elite Express Holding Inc. reported a transformational fiscal year 2025, marked by a successful transition to a publicly listed company and a revenue increase, despite a net loss due to higher operational costs and investments in compliance and development [3][4]. Financial Performance - For the fiscal year ended November 30, 2025, the company reported revenue of approximately $2.7 million, a 9.1% increase from $2.5 million in 2024 [2][5]. - The company recorded a net loss of approximately $2.2 million, compared to a net loss of $0.4 million in 2024, primarily due to increased general and administrative expenses and new research and development investments [12][2]. Revenue Breakdown - Activity-based revenue accounted for approximately $2.0 million, or 75.7% of total revenue, reflecting a focus on operational throughput under the FedEx ISP structure [5]. - Fixed revenue decreased from approximately $0.7 million to $0.6 million, a decline of 7.8%, attributed to a reduction in baseline weekly compensation [5]. Cost Structure - The cost of revenue for the fiscal year was approximately $2.6 million, up from $2.4 million in 2024, mainly due to higher labor costs and maintenance fees, partially offset by lower fuel prices [6]. - General and administrative expenses surged by approximately $1.2 million, or 286.1%, to $1.6 million, driven by legal and accounting fees related to the public company transition [8]. Research and Development - Research and development expenses totaled $0.9 million for the fiscal year, reflecting the company's strategic investment in a B2B delivery aggregation platform [9]. Loans and Interest Income - The company originated loans receivable totaling $10.0 million, generating interest income of $191,475 for the year, with loans extended to unrelated third-party business partners [10][11].