NORTH WALES, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (NYSE American: TOPP) (“Toppoint” or the “Company”), a truckload services and logistics provider specializing in the recycling export supply chain, today announced financial results for the third quarter and the nine months ended September 30, 2025. Despite the impact of U.S. tariffs on certain international trade routes, the Company continued to demonstrate resilience and growth across key emerging segments, particularly in metal an ...

Core Insights - Waste paper remains the largest revenue and volume driver for the company, contributing over half of total revenue and approximately two-thirds of loads in Q2 2025 [2][3] - The company is focusing on service reliability and operational efficiency to support growth in export customers while scaling imports and metals [2] - The financial results for Q2 2025 show a revenue of $3.97 million, reflecting a normalization from the atypical Q2 environment of 2024 [5] Financial Performance - Paper revenue was $2,082,560 in Q2 2025, down 23.2% year-over-year, and $4,670,575 year-to-date, down 14.4% year-over-year [3][9] - Year-to-date revenue was $7.78 million compared to $8.43 million in the prior year [5] - The total loads for the first half of 2025 were 10,836, a decrease from 11,517 in the same period in 2024 [4] Commodity Breakdown - Waste paper accounted for 63.8% of total loads in the first half of 2025, while imports made up 25.6% and metals 7.5% [4] - Import revenue was $1,231,751 in Q2 2025, down 16.2% year-over-year, but year-to-date growth was 1.0% [9] - Metal revenue increased by 38.0% year-over-year in Q2 2025, totaling $467,353, with year-to-date growth of 23.8% [9] Strategic Developments - Topp Metals Inc. was established on June 4, 2025, to support growth opportunities in scrap metals logistics [10] - The company is investing in equipment and technology to enhance fleet capacity and operational systems for core commodities [10]