Core Viewpoint - JBDI Holdings Limited reported a decline in financial performance for FY 2025, with total revenue decreasing by 10.1% due to reduced demand for reconditioned containers and increased operational costs, despite achieving significant cash reserves from its IPO [2][3][4]. Financial Performance - Total revenue for FY 2025 was $8.4 million, down from $9.4 million in FY 2024 [2][5]. - The company recorded a net loss of $2.7 million in FY 2025, compared to a net loss of $1.0 million in FY 2024, reflecting increased administrative expenses and revenue contraction [3][5]. - Gross profit decreased to $3.4 million with a gross margin of 39.7%, down from 45.5% in FY 2024 [3][5]. Revenue Breakdown - Revenue from reconditioned containers accounted for 63.1% of total revenue, totaling $5.3 million, which was a 15.6% decrease from FY 2024 [6]. - Sales of new containers increased by 13.7% to $755,000, while reconditioning services and sales of recycled materials showed slight declines [6]. - Singapore remained the primary market, contributing 87.9% of total revenue, although this was a decrease from the previous year [7][8]. Operating Expenses - Operating expenses rose to $6.3 million, primarily due to increased legal and professional fees related to the IPO [9]. - Administrative expenses accounted for 72.6% of revenue, reflecting a significant increase from FY 2024 [9]. Balance Sheet and Liquidity - As of May 31, 2025, JBDI held cash and cash equivalents of $2.7 million, a substantial increase from $0.2 million at the end of FY 2024 [4][12]. - Current assets totaled $4.8 million, with current liabilities at $2.4 million, indicating a healthy liquidity position [11][12]. Management Commentary - The CEO highlighted challenges in demand and cost pressures but noted progress through the IPO, which strengthened the balance sheet and positioned the company for future growth [13]. - The company aims to enhance operational efficiency and expand its services in line with sustainability trends [13]. Outlook - JBDI anticipates gradual revenue recovery driven by renewed customer demand and cost optimization initiatives, with plans to invest in supply chain resilience [14].

As filed with the Securities and Exchange Commission on August 23, 2024 Registration No. 333-276945 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 7 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 JBDI Holdings Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 3412 Not Applicable (Primary Standard I ...

As filed with the Securities and Exchange Commission on February 8, 2024 Registration No. 333-[●] UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 JBDI Holdings Limited (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 3412 Not Applicable (Primary Standard Industrial Classificat ...