Group 1 - The core viewpoint of the article highlights the impressive financial performance of IFBH, the parent company of the well-known coconut water brand if, with total revenue reaching $94.5 million, a year-on-year increase of 31.5%, outperforming the industry average [1] - The gross profit amounted to $31.8 million, reflecting a year-on-year growth of 15.3%, with a healthy gross margin maintained [1] - Adjusted net profit reached $18.9 million, up 13.9% year-on-year, indicating a steady improvement in profit quality [1] Group 2 - The adjusted basic earnings per share were $0.084, representing a year-on-year increase of 7.7%, providing solid support for shareholder returns [1] - The significant increase in trade receivables from $7.0 million at the end of 2024 to $20.7 million, accounting for approximately 22% of revenue, reflects a rise in unrecognized revenue, linked to increased inventory stocking by downstream channels [2] - The days sales outstanding for trade receivables increased from 12 days at the end of 2024 to 27 days in mid-2025, with expectations for normalization, which will further drive revenue growth in the second half of the year [2] Group 3 - The coconut water business is the main revenue driver, contributing $91.5 million, a substantial year-on-year increase of 33.3%, and accounting for 96.9% of total revenue [2] - The growth logic for the company is attributed to three main factors: deeper market penetration, expansion of the product matrix, and improved marketing efficiency [2]