Addentax (ATXG) Q4 2025 earnings summary

Executive summary

• Report covers fiscal year ended March 31, 2025, for a Nevada holding company operating mainly in China through subsidiaries in garment manufacturing, logistics, and property management/subleasing.

• Total revenue decreased 18.9% year-over-year to $4.18 million, with a net loss of $5.09 million, up from a $3.1 million loss in 2024.

• The company faces substantial doubt about its ability to continue as a going concern due to consecutive years of operating losses.

• No dividends were paid or are anticipated; cash is retained for business development.

Financial highlights

• Revenue: $4.18 million (down 18.9% YoY); net loss: $5.09 million (vs. $3.1 million loss prior year).

• Gross profit: $634,257 (down 43.1% YoY); operating loss: $1.82 million (vs. $1.13 million prior year).

• Cash and cash equivalents: $0.32 million; restricted cash: $2.75 million as of March 31, 2025.

• Total assets: $49.2 million; total liabilities: $27.4 million; equity: $21.7 million.

• Net cash provided by operating activities: $0.82 million; net cash used in investing: $0.21 million; net cash used in financing: $1.1 million.

Outlook and guidance

• Management plans to improve utilization of existing staff and seek potential financing, but there is no assurance these measures will succeed.

• Business objectives include expanding logistics routes, developing e-commerce, and enhancing property management services.