BTOC ARMLOGI HOLDING CORP

Armlogi Holding Corp. Announces Revenue Growth of 16.5% to $49.5 Million

Armlogi Holding Corp. Announces Revenue Growth of 16.5% to $49.5 Million

WALNUT, Calif., Nov. 13, 2025 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its first quarter ended September 30, 2025 of fiscal year 2026.

First Quarter Fiscal Year 2026 Financial Highlights:

  • Total revenue increased by 16.5% to $49.5 million for the first quarter of fiscal year 2026, compared to $42.5 million for the first quarter of fiscal year 2025, driven by continued strong demand for both transportation and warehousing services.

  • Transportation services revenue grew 12.6% to $32.1 million, reflecting increased shipment volumes from new warehouse locations.

  • Warehousing services revenue rose 24.4% to $17.4 million, driven by the expansion of the Company’s warehouse network.

  • Gross loss improved to $2.5 million, or (5.0%) of revenue, in the first quarter of fiscal year 2025, compared to a gross loss of $3.6 million, or (8.5%) of revenue, in the first quarter of fiscal 2024, demonstrating progress despite continued freight cost pressures.

  • Net loss was $6.5 million, or $(0.15) per basic and diluted share, for the first quarter of fiscal year 2026, compared to a net loss of $4.6 million, or $(0.11) per share, for the first quarter of fiscal year 2025.

  • Active customer base expanded to 607 customers as of September 30, 2025, compared to 505 as of June 30, 2025.

  • Cash, cash equivalents, and restricted cash totaled $10.8 million as of September 30, 2025.

Management Commentary

Aidy Chou, Chairman and CEO of Armlogi, said, "Our first quarter results show that our core business is still growing, with revenue up 16.5% year over year and improvement in our gross margin profile. We are especially happy with the 24% increase in revenue from our warehousing services, which shows that customers are using our expanded facilities and full range of logistics solutions.”

"Even though we are still addressing rising freight costs across the board, especially from big carriers like FedEx, we have made progress in diversifying our carrier relationships and setting more competitive prices. Our gross margin improved year over year, which we believe is indicative that our operational efforts are starting to yield results.”

"Our network of warehouses now includes ten locations and covers about 3.9 million square feet. We believe this positions us favorably to meet the growing needs of cross-border e-commerce merchants. Adding our Illinois facility has been especially important because it has increased our presence in the Midwest and made it easier for us to serve customers nationwide.”

Mr. Chou concluded, "Looking ahead, we will continue to focus on three main goals: making the most of our expanded warehouse network, improving our gross margin profile through operational efficiencies, and selectively pursuing growth opportunities that fit with our strategic vision. We believe Armlogi is well-positioned to deliver long-term value to our stockholders, thanks to our infrastructure and growing customer base.”

About Armlogi Holding Corp.

Armlogi Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions, including warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With ten warehouses covering over three and a half million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company’s warehouses are equipped with facilities and technology for handling and storing large and bulky items. Armlogi is a member of the Russell Microcap® Index. For more information, please visit .          

Forward-Looking Statements

This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to keep pace with new technology and changing market needs and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.

Company Contact:

Investor Relations Contact:

Matthew Abenante, IRC

President

Strategic Investor Relations, LLC

Tel: 347-947-2093

Email:

*** tables follow ***

      
ARMLOGI HOLDING CORP.

CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2025 AND JUNE 30, 2025

(US$, except share data, or otherwise noted)

      
 September 30,

2025
  June 30,

2025
 
 US$  US$ 
 Unaudited  Audited 
Assets     
Current assets     
Cash 6,456,745   9,190,277 
Accounts receivable and other receivable, net of credit loss allowance of $594,869 and $594,869 18,390,255   22,207,500 
Other current assets 985,422   998,925 
Prepaid expenses 1,667,446   1,375,646 
Loan receivables 1,713,324   3,893,563 
Total current assets 29,213,192   37,665,911 
Non-current assets       
Restricted cash – non-current 4,391,165   4,387,550 
Long-term loan receivables 822,305   - 
Property and equipment, net 10,646,576   11,259,820 
Intangible assets, net 43,032   54,627 
Right-of-use assets – operating leases 109,518,130   115,361,185 
Right-of-use assets – finance leases 831,474   745,547 
Other non-current assets 871,691   739,555 
Total assets 156,337,565   170,214,195 
        
LIABILITIES AND STOCKHOLDERS’ EQUITY       
Liabilities:       
Current liabilities       
Accounts payable and accrued liabilities 8,042,768   9,604,783 
Contract liabilities 826,814   939,097 
Accrued payroll liabilities 614,553   283,150 
Convertible notes -   5,292,749 
Operating lease liabilities – current 30,348,333   29,280,907 
Finance lease liabilities – current 447,338   386,327 
Total current liabilities 40,279,806   45,787,013 
Non-current liabilities       
Operating lease liabilities – non-current 93,254,743   98,939,552 
Finance lease liabilities – non-current 421,131   397,692 
Total liabilities 133,955,680   145,124,257 
        
Stockholders’ equity       
Common stock, US$0.00001 par value, 100,000,000 shares authorized, 45,443,079 and 42,250,934 issued and outstanding as of September 30, 2025 and June 30, 2025, respectively 454   422 
Additional paid-in capital 20,468,826   16,668,858 
Retained earnings 1,912,605   8,420,658 
Total stockholders’ equity 22,381,885   25,089,938 
Total liabilities and stockholders’ equity 156,337,565   170,214,195 
        



ARMLOGI HOLDING CORP.

CONSOLIDATED STATEMENTS

OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024

(US$, except share data, or otherwise noted)

      
 For The

Three Months

Ended

September

30,


2025
  For The

Three Months

Ended

September

30,


2024
 
 US$  US$ 
 Unaudited  Unaudited 
Revenue 49,473,179   42,481,896 
Costs of services 51,957,262   46,088,686 
Gross loss (2,484,083)  (3,606,790)
        
Operating costs and expenses:       
General and administrative 4,217,306   3,668,825 
Total operating costs and expenses 4,217,306   3,668,825 
        
Loss from operations (6,701,389)  (7,275,615)
        
Other (income) expenses:       
Other income, net (738,592)  (1,205,665)
Finance costs 548,345   9,008 
Total other (income) expenses (190,247)  (1,196,657)
        
Loss before provision for income taxes (6,511,142)  (6,078,958)
        
Current income tax recovery (3,089)  (57,589)
Deferred income tax recovery -   (1,373,498)
Total income tax recovery (3,089)  (1,431,087)
Net loss (6,508,053)  (4,647,871)
Total comprehensive loss (6,508,053)  (4,647,871)
        
Basic & diluted net loss per share (0.15)  (0.11)
Weighted average number of shares of common stock-basic and diluted 42,462,207   41,634,000 
        



ARMLOGI HOLDING CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 (UNAUDITED)

(US$, except share data, or otherwise noted)

     
 For The

Three Months

Ended


September 30,

2025
  For The

Three

Months

Ended


September

30,


2024
 US$  US$
 Unaudited  Unaudited
Cash Flows from Operating Activities:    
Net loss (6,508,053)  (4,647,871)
Adjustments for items not affecting cash:      
Depreciation of property and equipment and right-of-use financial assets 778,520   617,166 
Amortization 11,595   8,829 
Non-cash operating leases expense 1,225,671   2,682,178 
Current estimated credit loss -   126,936 
Accretion of convertible notes 527,251   - 
Deferred income taxes -   (1,373,498)
Interest income (15,375)  (33,736)
Changes in operating assets and liabilities      
Accounts receivable and other receivables 3,817,245   160,623 
Other current assets 13,503   (250,770)
Other non-current assets (132,136)  (106,085)
Prepaid expenses (291,799)  316,745 
Accounts payable & accrued liabilities (1,574,944)  (1,927,718)
Contract liabilities 112,283   498,249 
Income tax payable -   (57,589)
Accrued payroll liabilities 331,403   374,429 
Net cash used in operating activities (1,929,402)  (3,612,112)
       
Cash Flows from Investing Activities:      
Purchase of property and equipment (56,077)  (1,353,297)
Loan disbursement (2,370,000)  (1,000,000)
Proceeds from loan repayments 3,743,309   1,036,705 
Net cash provided by (used in) investing activities 1,317,232   (1,316,592)
       
Cash Flows from Financing Activities:      
Repayments of finance lease liabilities (97,747)  (35,831)
Repayments of convertible notes (2,020,000)   
Net cash used in financing activities (2,117,747)  (35,831)
       
Net decrease in cash and cash equivalents and restricted cash (2,729,917)  (4,964,535)
Cash and cash equivalents and restricted cash, beginning of the period 13,577,827   9,950,384 
Cash and cash equivalents and restricted cash, end of the period 10,847,910   4,985,849 
        

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets that total the same amounts shown in the Consolidated Statements of Cash Flows:

Cash and cash equivalents

 6,456,745   2,924,176 
Restricted cash – non-current 4,391,165   2,061,673 
Total cash and cash equivalents and restricted cash shown in the Consolidated Balance Sheet 10,847,910   4,985,849 
        
Supplemental Disclosure of Cash Flows Information:       
Non-cash Transactions:       
Right-of-use assets acquired in exchange for finance lease liabilities 182,197    
Shares issued for Investor Notices pursuant to Standby Equity Purchase Agreement 3,800,000    
        


EN
13/11/2025

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