ILAG

HONG KONG, Dec. 22, 2025 /PRNewswire/ -- Intelligent Living Application Group Inc. (Nasdaq: ILAG) (the "Company" or "Intelligent Living"), a premium lockset manufacturer and distributor headquartered in Hong Kong, today announced its unaudited financial results for the six months ended June 30, 2025. First Half 2025 Financial Highlights Revenues were $2,305,265, a decrease of 48.5% from $4,473,031 for the six months ended June 30, 2024. Gross profit was $246,038, a decrease of 65.0% from $702,184 for the six months ended June 30, 2024. Net loss was $5,330,267, an increase of 137.0% from $2,249,307 for the six months ended June 30, 2024. Loss per basic and fully diluted share was $0.27 compared to loss per basic and fully diluted share of $0.12 for the six months ended June 30, 2024. Mr. Bong Lau, Chairman and Chief Executive Officer of Intelligent Living, commented, "Facing heavy and non-directional U.S. tariff increase and slowdown in U.S. real estate market in 2025, our revenue for the first half of 2025 compared to the same period of last year decreased about 48.5%. We are striving to optimize our product mix and source of origin composition to improve our performance. Our formal release of smart locks has to be suspended and postponed for the cost saving reasons due to same impact on revenue." "Our mission is to make life safer and smarter by designing and producing affordable, high-quality locksets and smart security systems. With our automated product lines and new craftsmanship in manufacturing locksets, we continue to provide our principal market of the US with a large variety of products with different functions, designs and colors. Although our sector has experienced lower-cost entrants, we believe the high quality of our products and our brand recognition over our 40-year history serving the U.S. market well position us to survive in the current down-turn and generate potential future growth" Mr. Lau concluded. Financial Results For The Six Months Ended June 30, 2025 and 2024 Revenues Revenues from sales of door locksets were $2,305,265 for the six months ended June 30, 2025, a decrease of $2,167,766, or 48.5% from $4,473,031 for the same period last year. The decrease was mainly due to a decrease in units sold for the six months ended June 30, 2025. Our total products sold were approximately 0.5 million units (including approximately 0.1 million...

Revenue: US$7.51m (up 17% from FY 2023). Net loss: US$3.69m (loss widened by 5.4% from FY 2023). US$0.20 loss per share (further deteriorated from US$0.19 loss in FY 2023). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Intelligent Living Application Group shares are up 1.5% from a week ago. You should always think about risks. Case in point, we've spotted 3 warning signs for Intelligent Living Application Group you should be aware of, and 2 of them are a bit unpleasant. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.