(1) 集团的贸易及分销部于截至2025年12月31日止年度的营业额较2024年12月31日止年度取得大幅增 长。此积极进展主要归功于2025年期间， 贸易及分销部在中国大陆及台湾附属公司分销产品的需求上 升，因客户扩大库存水平并增加资本开支以支持其产能扩充计划。因此，贸易及分销部于截至2025年12 月31日止年度的经营溢利较2024年12月31日止年度取得显著增长。 (2) 集团的原产品制造部于2025年下半年的营业额较上半年取得温和增长。然而，2025年第四季度出现 的一次非预期的短期供应链紧缺 ( 其后已获解决) ，导致截至2025年12月31日止年度的营业额较2024年 12月31日止年度略有下降。尽管如此，原产品制造部于截至2025年12月31日止年度的经营亏损较2024年 12月31日止年度大幅减少，此改善反映原产品制造部有效落实营运成本削减计划及持续推行各项举措以 提升营运效率，加强劳动生产率并降低间接营运开支。该等措施展示原产品制造部于2025年期间对持续 的地缘政治压力及全球经济局势动荡所作出的策略性应对。 (3) 于2025年12月31日止年度期间整体利率下降，导致集团的融资成本净额较2 ...

Core Viewpoint - AXIL Brands, Inc. has demonstrated strong stock performance and financial growth in the second quarter of fiscal 2026, significantly outperforming the S&P 500 index, indicating robust short-term momentum and operational improvements [1]. Earnings & Sale Performance - For the quarter ended November 30, 2025, AXIL reported net sales of $8.1 million, a 5.2% increase from $7.7 million year-over-year, primarily driven by a significant order from a national membership-based retail chain [2]. - Net income rose to $704,883 from $633,706 in the same quarter last year, with basic EPS remaining at 10 cents and diluted EPS increasing to 9 cents from 8 cents [3]. Profitability Metrics - Gross profit was $5.5 million, but gross margin declined to 68.1% from 71.1% due to a shift towards a tighter-margin retail mix [3]. - Operating income increased by 34.2% to $903,071, supported by operating leverage and reduced operating costs, despite a 16.3% rise in cost of sales to $2.6 million [4]. Operating Expenses - Operating expenses decreased to $4.6 million from $4.8 million, falling to 57% of net sales from 62.4%, attributed to lower marketing spending and reduced professional costs [5]. Adjusted EBITDA - On a non-GAAP basis, Adjusted EBITDA rose by 13.9% to $1.16 million, with the Adjusted EBITDA margin improving to 14.2% from 13.1% [6]. Balance Sheet Metrics - Cash at quarter-end was $5 million, up from $4.8 million, while accounts receivable increased to $2.4 million from $1 million, and inventory rose to $4.7 million from $2.5 million, indicating a heavier build related to growth initiatives [7]. Management Commentary - The CEO described fiscal 2026 as a strong year, highlighting retail-channel expansion and improved expense discipline contributing to profitability [8]. Factors Influencing Performance - Revenue growth was supported by a large wholesale/retail order, which carried tighter margins than direct-to-consumer sales, impacting gross margin [9]. - The shift towards retail has improved operating efficiency, with marketing and selling costs declining [10]. Strategic Outlook - Management believes it can sustain profitable growth through operational cash flow, with strategic supply agreements expected to support revenue expansion in the first half of calendar 2026 [11]. Product Initiatives - The quarter included the national distribution of the new X30i LT with Walmart and the launch of GS Extreme 3.0, along with the expansion of the Reviv3 brand through a partnership with Chatters [12].

Group 1 - The company expects to achieve a consolidated net loss attributable to equity holders of approximately HKD 11 million in the first half of 2025, representing a year-on-year reduction of about 87% [1] - The company anticipates a consolidated profit before tax of approximately HKD 12.7 million for the first half of 2025, compared to a consolidated loss before tax of HKD 70.9 million in the same period of 2024, indicating an improvement in operational performance [1] - The improvement in financial performance is primarily attributed to significant growth in the revenue of the trading and distribution segment during the interim period compared to the same period in 2024, driven by increased demand for distributed products from subsidiaries in Taiwan and mainland China [1] Group 2 - The trading and distribution segment experienced considerable growth in operating profit during the interim period compared to the same period in 2024, due to customers increasing inventory levels and capital expenditures [1] - The original product manufacturing segment saw a significant reduction in operating losses during the interim period compared to 2024, despite a slight decline in revenue, reflecting effective implementation of cost-cutting measures and ongoing improvements in operational efficiency [1] - The overall decrease in interest rates during the interim period led to a significant reduction in the company's net financing costs compared to the same period in 2024 [1]

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting, where various reports and proposals will be presented to shareholders, including financial results and future business strategies. Group 1: Meeting Agenda and Proposals - The agenda includes the review of the 2024 Annual Report, Board of Directors' work report, Supervisory Committee's work report, financial settlement report, and several other key proposals [1][4][5]. - A special resolution will be proposed regarding the application for a comprehensive credit limit and guarantees [2][4]. Group 2: Financial Performance - The company reported a revenue of 1,361.94 million yuan in 2024, a decrease of 28.53% compared to the previous year [7][30]. - The net profit attributable to shareholders was -48.39 million yuan, which represents an improvement of 8.96% in the loss margin compared to the previous year [7][30]. - Total assets at the end of 2024 were 7,297.08 million yuan, down 11.31% from the previous year [30][34]. Group 3: Business Development and Strategy - The company is focusing on expanding new business areas while maintaining traditional operations, with significant progress in infrastructure and mining sectors [8][9][10]. - In the mining sector, the company signed a contract for mining rights, marking a significant step in its development strategy [9][10]. - The company is also exploring opportunities in the renewable energy and intelligent computing service sectors, with several partnerships and projects in the pipeline [10][11][19]. Group 4: Governance and Compliance - The Board of Directors held 10 meetings during the reporting period, reviewing 41 proposals to ensure compliance with legal and regulatory requirements [14][15]. - The Supervisory Committee conducted six meetings, focusing on financial management and compliance with internal controls [20][25]. - Independent directors actively participated in decision-making processes and maintained communication with management to safeguard shareholder interests [14][39].