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 wholesale distribution of premium alcoholic beverages, including Chinese liquor, cognac, whisky, wine, and champagne. Chinese liquor remains the Company's largest revenue contributor. At the same time, the Company has been adjusting its product mix and distribution strategy, with increased focus on higher-margin channels such as casinos and hotels. These channels typically involve sales formats such as consignment, promotional programs, and customer reward-based distribution, which management believes may offer relatively stronger margin profiles compared to the broader wholesale market. The Company has also been working to diversify its product portfolio beyond its historically concentrated categories, as part of its broader effort to adapt to evolving market demand and competitive dynamics. Initial Public Offering On March 27, 2025, the Company completed its initial public offering of 1,250,000 Class A ordinary shares at a public offering price of $4.00 per share. The shares began trading on the Nasdaq Capital Market on March 26, 2025 under the ticker symbol "EPSM." The Company received aggregate gross proceeds of approximately $5.0 million from the offering, before deducting underwriting discounts and offering-related expenses. Management Commentary "Fiscal year 2025 marked an important milestone for Epsium as we completed our Nasdaq listing and strengthened our capital base," said Mr. Son I Tam, Chairman, Chief Executive Officer and Founder of Epsium Enterprise Limited. "While our revenue reflected a more challenging market environment in the wholesale segment, we continued to advance our efforts to optimize our product mix and expand our presence in higher-margin channels such as casinos and hotels. We believe these initiatives position the Company to better navigate market conditions and support our long-term development." About EPSIUM ENTERPRISE LIMITED Through its Macau operating entity, Companhia de Com￩rcio Luz Limitada ("Luz"), a limited liability company established under the laws of Macau in 2010, EPSIUM is engaged in the import and wholesale distribution of primarily alcoholic beverages in Macau. Through Luz, the Company offers a broad portfolio of premium beverage products, consisting mainly of alcoholic beverages and, to a lesser extent, tea and fruit juice. Its product offerings include Chinese liquor, French cognac, Scotch whisky, fine wine, Champagne, and other beverage alcohol. Chinese liquor represents the Company's most significant product category, and the Company is a top wholesaler of high-end Chinese liquor in the Macau market. For more information, please visit the Company's website at www.epsium-group.com. Forward-Looking Statements This press release contains forward-looking statements. These statements are based on the Company's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Forward-looking statements can be identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "will," "would," "should," "could," "may," or similar expressions. These forward-looking statements include, but are not limited to, statements regarding the Company's business strategy, operations, financial performance, product mix adjustments, channel expansion, and growth initiatives. Actual results may differ materially due to a number of factors, including, but not limited to, changes in market conditions, consumer demand, competitive dynamics, supply chain conditions, regulatory developments, and other risks described in the "Risk Factors" section of the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC"). The Company undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Additional information is available in the Company's filings with the SEC at www.sec.gov. For more information, please contact: EPSIUM ENTERPRISE LIMITED Investor Relations Department Email: [email protected] View original content:https://www.prnewswire.com/news-releases/epsium-enterprise-limited-files-annual-report-on-form-20-f-for-fiscal-year-2025-302757803.html

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 customers accounted for 36.1%, 13.7%, and 11.6% of revenue, respectively. Two major suppliers represented approximately 48.2% and 25.1% of purchases, consistent with industry concentration characteristics. Management Commentary "Our focus this year has been to strengthen our operating foundation following our successful listing on Nasdaq," said Son I Tam, Chief Executive Officer of Epsium. "We remain committed to disciplined execution across sourcing, inventory management, and capital allocation. During the first half of 2025, we continued to build long-term partnerships with our suppliers and key distribution clients while maintaining a conservative financial profile. Our liquidity position and improved gross margin reflect a more efficient operating structure that will support our future business development in Macau's premium beverage market." About EPSIUM ENTERPRISE LIMITED Through its Macau operating entity, Companhia de Comercio Luz Limitada ("Luz"), a limited liability company organized under Macau laws in 2010, EPSIUM is engaged in importing and wholesaling primarily alcoholic beverages in Macau. Through Luz, the Company imports and sells a broad range of premium beverages, primarily alcoholic beverages and, in 2022, a small quantity of tea and fruit juice. The alcoholic beverages the Company sells include Chinese liquor, French cognac, Scottish whiskey, fine wine, Champagne, and other miscellaneous beverage alcohol. Sales of Chinese liquor is by far the Company's most significant operations, and the Company is a top wholesaler of high-end Chinese liquor in Macau. For more information, please visit the Company's website: www.epsium-group.com. Forward-Looking Statements Certain statements in this press release are forward-looking statements, including, but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Registration Statement filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. For more information, please contact: EPSIUM ENTERPRISE LIMITED Investor Relations Department Email: [email protected] View original content:https://www.prnewswire.com/news-releases/epsium-enterprise-limited-reports-unaudited-financial-results-for-the-six-months-ended-june-30-2025-302634374.html