Marwynn Holdings (MWYN) Q2 2026 earnings summary

Executive summary

• Revenue from continuing operations was $43,750 for the quarter and $85,000 for the six months ended October 31, 2025, entirely from consulting services, as food and beverage sales ceased due to loss of major customer orders.

• Net loss from continuing operations increased to $330,772 for the quarter and $2,969,384 for the six months, driven by higher operating expenses and reduced revenue.

• The company committed to divest its Grand Forest Cabinetry subsidiary, classifying it as discontinued operations and recording a $413,512 impairment loss.

• Net loss from discontinued operations was $565,515 for the quarter and $646,656 for the six months, compared to prior year income.

Financial highlights

• Gross profit margin from continuing operations was 100% for the quarter and 99.94% for the six months, reflecting minimal cost of revenues.

• Selling expenses surged to $1,314,168 for the six months, up 2,068% year-over-year, mainly due to increased advertising and marketing.

• General and administrative expenses rose to $1,752,811 for the six months, up 117%, due to higher professional fees and insurance costs.

• Net loss for the six months was $3,616,040, a 716% increase from the prior year.

• Cash balance as of October 31, 2025, was $1.36 million, with working capital of $2.09 million.

Outlook and guidance

• Management plans to grow revenue by diversifying into ethnic supermarket chains and expanding vendor relationships.

• The company is entering the e-waste reverse supply chain business through a new subsidiary, EcoLoopX Corporation, to broaden its service offerings.

• There is substantial doubt about the company's ability to continue as a going concern over the next 12 months without additional capital or improved operations.