JBDI

SINGAPORE, Oct. 15, 2025 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), a leading provider of environmentally friendly products and services specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and Southeast Asia, today announced its financial results for the fiscal year ended May 31, 2025 (“FY 2025”). Financial Highlights For FY 2025, JBDI reported total revenue of $8.4 million, representing a decrease of 10.1% compared to $9.4 million in the fiscal year ended May 31, 2024 ("FY 2024"). This decline was primarily driven by reduced demand in Singapore for reconditioned containers and related services, amid broader market pressures, including supply chain disruptions and inflationary cost challenges faced by customers in the chemical and oil and gas sectors. The Company recorded a net loss of $2.7 million in FY 2025, compared to a net loss of $1.0 million in FY 2024. The increased loss reflects the revenue contraction, combined with higher administrative expenses, including elevated legal and professional fees associated with the company's initial public offering (IPO), which closed on August 26, 2025. Gross profit stood at $3.4 million, with a gross margin of 39.7%, down from $4.3 million and 45.5% in FY 2024, due to lower margins on reconditioned container sales and fluctuations in raw material costs. As of May 31, 2025, JBDI held cash and cash equivalents of $2.7 million, an increase from $0.2 million at the end of FY 2024, supported by proceeds from the IPO and financing activities. Total assets were $10.2 million, with stockholders' equity at $7.8 million. Revenue by Product and Service Revenue in FY 2025 was diversified across core offerings, with sales of reconditioned containers remaining the largest contributor at 63.1% of total revenue. The following table provides a breakdown: The decrease in reconditioned container sales, which totaled $5.3 million, was linked to softer local demand in Singapore, where such sales accounted for 58.0% of regional revenue. New container sales grew modestly, reflecting targeted efforts to expand this segment, while recycled materials and services showed stability. Geographic Revenue Singapore continued to dominate as the primary market, contributing 87.9% of revenue in FY 2025. International operations in Indonesia and Malays...

SINGAPORE, June 13, 2025 (GLOBE NEWSWIRE) -- JBDI Holdings Limited (“JBDI” or the “Company”) (Nasdaq: JBDI), a Singapore-based company, today announced that all the proposed resolutions submitted for shareholder approval set out in the notice of its Annual General Meeting (“AGM”) were duly adopted at the meeting held on June 9, 2025, at the Company’s offices located at 34 Gul Crescent, Singapore 629538. Appointment of Board of Directors At the AGM, shareholders approved and ratified the appointment of following five (5) persons to serve as directors of the Corporation in their respective capacities until the next annual meeting of Members and thereafter until their successors shall have been elected and qualified: Mr. Lim Chwee Poh, CEO and an Executive Director Mr. Liang Zhaorong, CFO and an Executive Director Mr. Han Yee Yen, an independent non-executive director Mr. Chan Chin Hoong, an independent non-executive director Mr. Soh Kar Liang, an independent non-executive director Ratification of Appointment of YCM CPA Inc. At the AGM, shareholders approved and ratified the appointment of YCM CPA Inc. as the Corporation’s independent registered public accounting firm for the fiscal year ending May 31, 2025. About JBDI Holdings Limited JBDI Holdings Limited is a leading provider of environmentally friendly and efficient products and services, specializing in the revitalization, reconditioning, and recycling of drums and related containers in Singapore and across Southeast Asia. With nearly four decades of industry experience, JBDI Holdings has established a strong reputation for quality and reliability, offering a wide range of reconditioned steel and plastic drums, new containers, and ancillary services. Our mission is to help our customers achieve a zero environmental impact footprint while optimizing resource allocation and reducing costs. For more information, please visit http://jbdi.barrels.com.sg/ Safe Harbor Statement This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors,” may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words...