EPSM

MACAU, April 29, 2026 /PRNewswire/ -- Epsium Enterprise Limited (Nasdaq: EPSM) (the "Company" or "Epsium"), an importer and wholesaler of premium alcoholic beverages in Macau, today announced that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission (the "SEC"). The Annual Report, which includes the Company's audited consolidated financial statements prepared in accordance with U.S. GAAP, is available on the SEC's website at www.sec.gov. Fiscal Year 2025 Overview For the fiscal year ended December 31, 2025, Epsium reported net revenue of approximately $5.1 million, compared to $12.5 million in the prior year. The decline primarily reflected softer demand in Macau's wholesale market for lower-priced alcoholic beverages following a period of post-pandemic normalization, as well as increased price competition and more cautious consumer spending. Gross profit was $753,769 for the year, compared to $1.6 million in 2024. Gross margin improved to 14.7% from 12.8% in the prior year, reflecting the initial impact of the Company's ongoing product mix adjustment toward higher-margin premium products distributed through casino and hotel channels. Total operating expenses were approximately $2.2 million, compared to $1.2 million in 2024. The increase was primarily driven by higher general and administrative expenses associated with operating as a public company following the Company's Nasdaq listing in March 2025, as well as an inventory impairment charge recorded during the year. Net loss for fiscal year 2025 was approximately $(1.5) million, compared to net income of $284,694 in 2024. Balance Sheet and Liquidity As of December 31, 2025, the Company reported cash and cash equivalents of approximately $2.0 million, compared to $0.1 million at the end of 2024. The increase was primarily supported by proceeds from the Company's initial public offering, partially offset by cash used in operating activities and offering-related expenses. Working capital was approximately $11.3 million as of year-end 2025, compared to $8.1 million in the prior year, reflecting an overall strengthening of the Company's balance sheet. Business Update Epsium conducts substantially all of its operations through its Macau subsidiary, Companhia de Com￩rcio Luz Limitada ("Luz"), which is engaged in the import and who...

MACAU, Dec. 5, 2025 /PRNewswire/ -- Epsium Enterprise Limited (Nasdaq: EPSM) ("Epsium" or the "Company"), a Macau-based importer and distributor of premium alcoholic beverages, today announced its unaudited financial results for the six months ended June 30, 2025. The Company reported a solid balance sheet, continued brand expansion, and progress in corporate governance following its successful Nasdaq listing earlier this year. First-Half 2025 Business and Financial Highlights In March 2025, Epsium completed its initial public offering of 1.25 million ordinary shares at US $4.00 per share and, in April, closed the full over-allotment option of 187,500 shares, raising net proceeds of US $4.91 million to strengthen liquidity. As of June 30, 2025, cash and cash equivalents stood at US $2.43 million — the highest level since 2023 — reflecting disciplined capital deployment after the IPO. Inventories of US $4.08 million and advance payments for goods of US $5.18 million ensured sufficient supply of premium brands such as Moutai, Wuliangye, Rémy Martin and Macallan to support key sales channels across Macau. In August 2025, shareholders approved a multi-class share structure introducing Class A and Class B ordinary shares (20 votes per share) and Preferred Shares, further aligning the Company's governance with international capital-market standards. Financial Results for the Six Months Ended June 30, 2025 Epsium recorded revenue of US$3.04 million, compared with US$7.11 million in the same period of 2024, primarily reflecting the timing of customer orders and deliberate inventory optimization. Gross profit was US$0.50 million, with a gross margin of 16.28%, improving from 13.09% a year ago, driven by a higher mix of premium-margin products. Operating loss was US$0.69 million, compared with an operating income of US$0.54 million a year ago, mainly due to higher professional and listing-related expenses. Net loss attributable to the Company was US$0.70 million, or US$(0.05) per basic and diluted share, on 12.73 million weighted-average shares. Net cash used in operating activities was US$1.93 million, net cash provided by financing activities was US$4.22 million, reflecting IPO proceeds and disciplined financial management. Total assets were US$13.79 million, total liabilities US$1.59 million, and stockholders' equity US$12.21 million. The Company's top three custom...