TWG

-- First Half Revenue of $6.1 million, increase 48% year-over-year ---- First Half Net Profits of $2.8 million, versus Net Profit of $2.4 million last year -- HONG KONG, Aug. 19, 2026 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG)(“Top Wealth” or the “Company”), a company specializes in supplying premium-class sturgeon caviar and related products including premium grade wines today announced its unaudited financial results for the six months ended June 30, 2026. First Half 2026 Financial Results Total Revenues Total revenues for the first half 2026 were $6.1 million, representing an increase of 48% from $4.2 million in the same period of 2025. During the period we have continued to expand our wine distribution business as well as laying a solid foundation for our upstream caviar and related business expansion. Total cost and operating expenses were $3.3 million in the first half of 2026, an increase of 90.58% from $1.8 million in the same period of 2025. Cost of sales was $1.5 million in the first half of 2026, an increase of 92.09% from $0.8 million in the same period of 2025. The increase in the cost of sales was mainly attributable to the Company’s successful expansion of revenue from the wine trading business. Selling expenses were $0.3 million in the first half of 2026, a decrease of 56.03% from $0.7 million in the same period of 2025. Administrative expenses were approximately $1.5 million in the first half of 2026, an increase of 521.8% from $0.2 million in the same period of 2025. The significant increase was mainly due to the provision of depreciation, increase of marketing and legal cost of the Company in 2026. Profit (and Loss) Before Income Tax Profit before income tax was $2.8 million for the first half of 2026, compared with the Profit before income tax of $2.4 million in the same period of 2025. The increase in profit before income tax was mainly due to the Company efforts in new business of wine distribution with higher margin lower written off of inventory. Net Profit Net Profit was $2.8 million, compared with a net profit of $2.4 million in the same period of 2025, which was mainly due to the factors mentioned above. Earnings per Share The Company computes earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). Each of the Company’s B Share has voting rights equal to one hundred A Share of the Company. Except for voting rights, A Shares and B Shares rank pari passu with one another and have the same rights, preferences, privileges, and restrictions. Cash and Cash Equivalents For the first half of 2026, the Company reported a net profit of $2.8 million, a negative operating cash flow of $2 million and retained earnings of approximately $8.3 million. The Company’s principal sources of liquidity are sales revenues, proceeds from an initial public offering and subsequent offerings. As of June 30, 2026, the Company had cash and cash equivalents of approximately $295,256. Management is actively managing its outstanding accounts receivable, and carefully planning its operations. The Company may also seek equity financing from outside investors when necessary. Management believes that the above-mentioned policies and measures will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Top Wealth Group Holding Limited Top Wealth Group Holding Limited is a holding company incorporated in the Cayman Islands, and all of its operations are carried out by its operating subsidiaries, Top Wealth Group (International) Limited and TWG Capital Limited. The Company specializes in supplying premium-class sturgeon caviar and its related products, notably old vintage premium wines. Over the last three years, the Company has been practicing a upward vertical integration by seeking opportunities in upstream acquisition in order to secure stable long term supply of quality caviar products as well as innovating into related business. The Company also succeeded in establishing a sold distribution in the premium old vintage wine markets. The Company’s long term development strategy is to actively capitalizing the current horizontal expansion in the premium wine market with the upward vertical expansion into the caviar and related products industry. Exchange Rate The Company’s principal place of operations is Hong Kong. The financial position and results of its operation are determined using Hong Kong Dollars (“HK$”), the local currency, as the functional currency. The Company’s consolidated financial statements are reported using U.S. Dollar (“US$” or “$”). The consolidated statements of income and the consolidated statements of cash flows denominated in foreign currency are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. As the cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. The exchange rates in effect as of June 30, 2026 and June 30, 2025 were US$1 for HK$7.8 and HK$7.8, respectively. The average exchange rates for the six months ended June 30, 2026 and 2025 were US$1 for HK$7.8 and HK$7.8, respectively. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in verbal statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law. For more information, please contact: Top Wealth Group Holding Limited Investor Relations Email: [email protected] Top Wealth Group Holding LimitedUnaudited interim condensed consolidated balance sheets(Amounts expressed in US dollars (“$”) except for numbers of shares and par value) Top Wealth Group Holding LimitedUnaudited interim condensed consolidated balance sheets(Amounts expressed in US dollars (“$”) except for numbers of shares and par value) (Note: All number of shares were retrospectively applied after allotment on 14,979,854 Class A Ordinary Shares and 3,000,000 Class B Ordinary Shares issued on January 5, 2026 and 3,250,000 Class A Ordinary Shares reserved were issued on January 29, 2025 and exercise of 50,000 Class A Ordinary Shares from the warrants.) Top Wealth Group Holding LimitedUnaudited interim condensed consolidated statements of operation and other comprehensive income(Amounts expressed in US dollars (“$”) except for numbers of shares and par value) (Note: All number of shares were retrospectively applied after allotment on 14,979,854 Class A Ordinary Shares and 3,000,000 Class B Ordinary Shares issued on January 5, 2026 and 3,250,000 Class A Ordinary Shares reserved were issued on January 29, 2025 and exercise of 50,000 Class A Ordinary Shares from the warrants.) Top Wealth Group Holding LimitedUnaudited interim condensed consolidated statements of changes in equity(Amounts expressed in US dollars (“$”) except for numbers of shares and par value) (Note: All number of shares were retrospectively applied after allotment on 14,979,854 Class A Ordinary Shares and 3,000,000 Class B Ordinary Shares issued on January 5, 2026 and 3,250,000 Class A Ordinary Shares reserved were issued on January 29, 2025 and exercise of 50,000 Class A Ordinary Shares from the warrants.) Top Wealth Group Holding LimitedUnaudited interim condensed consolidated statements of cash flows(Amounts expressed in US dollars (“$”) except for numbers of shares and par value)

-- First Half Revenue of $4.2 million, decrease 5.6% year-over-year -- -- First Half Net Profits of $2.4 million, versus Net Loss of $0.5 million last year -- HONG KONG, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”), a company that specializes in supplying premium-class sturgeon caviar, today announced its unaudited financial results for the six months ended June 30, 2025. First Half 2025 Financial Results Sales Sales for the first half 2025 were $4.2 million, representing a decrease of 5.6% from $4.4 million in the same period of 2024. During the period we have rebuilt our wine distribution business. Total cost and operating expenses were $1.8 million in the first half of 2025, a decrease of 64.7% from $5.0 million in the same period of 2024. Cost of sales was $0.8 million in the first half of 2025, a decrease of 61.5% from $2.1 million in the same period of 2024. The decrease in the cost of sales was mainly attributable to the Company’s effective cost management and a streamlined procurement process. Selling expenses were $0.7 million in the first half of 2025, a decrease of 8.6% from $0.8 million in the same period of 2024. Administrative expenses were $0.2 million in the first half of 2025, a decrease of 88.6% from $2.1 million in the same period of 2024. The significant decrease was mainly due to the leaving of the Company’s sales team in 2024. Profit (and Loss) Before Income Tax Profit before income tax was $2.4 million for the first half of 2025, compared with the Loss before income tax of $0.6 million in the same period of 2024. The increase in profit before income tax was mainly due to the Company efforts in cost management and rebuilding of its wine distribution business. Net Profit (and Loss) Net Profit was $2.4 million, compared with a net loss of $0.5 million in the same period of 2024, which was mainly due to the factors mentioned above. Earnings (and Loss) per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). Each of the Company’s B Share has voting rights equal to thirty A Shares of the Company. Except for voting rights, A Shares and B Shares rank pari passu with one another and have the same rights, preferences, privileges, and restrictions. Cash and Cash Equivalents For the first half of 2025, the Company reported a net profit of $2.4 million, a negative operating cash flow of $28,759 and retained earnings of approximately $4.7 million. The Company’s principal sources of liquidity are sales revenues, proceeds from an initial public offering and a registered direct offering. As of June 30, 2025, the Company had cash and cash equivalents of approximately $13,621. Management is actively managing its outstanding accounts receivable, and carefully planning its operations. The Company may also seek equity financing from outside investors when necessary. Management believes that the above-mentioned policies and measures will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Top Wealth Group Holding Limited Top Wealth Group Holding Limited is a holding company incorporated in the Cayman Islands, and all of its operations are carried out by its operating subsidiary in Hong Kong, Top Wealth Group (International) Limited. The Company specializes in supplying premium-class sturgeon caviar, and its caviar and caviar products are endorsed with the Convention on International Trade in Endangered Species of Wild Fauna and Flora (“CITES”) permits. The Company supplies caviar to its customers under its customer’s brand labels (i.e. private labeling), and the Company also sells the caviar product under the Company’s caviar brand, “Imperial Cristal Caviar”, which has achieved good market recognition since its launch in the market. Exchange Rate The Company’s principal place of operations is Hong Kong. The financial position and results of its operation are determined using Hong Kong Dollars (“HK$”), the local currency, as the functional currency. The Company’s consolidated financial statements are reported using U.S. Dollar (“US$” or “$”). The consolidated statements of income and the consolidated statements of cash flows denominated in foreign currency are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. As the cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. The exchange rates in effect as of June 30, 2025 and June 30, 2024 were US$1 for HK$7.8 and HK$7.8, respectively. The average exchange rates for the six months ended June 30, 2025 and 2024 were US$1 for HK$7.8 and HK$7.8, respectively. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in verbal statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law. For more information, please contact: Top Wealth Group Holding Limited Investor Relations Email: [email protected] (Note: All number of shares were retrospectively applied after a 1 for 90 shares consolidation on July 21, 2025, as if the share consolidation was in effect through the earliest period presented) (Note: All number of shares were retrospectively applied after a 1 for 90 shares consolidation on July 21, 2025, as if the share consolidation was in effect through the earliest period presented) (Note: All number of shares were retrospectively applied after a 1 for 90 shares consolidation on July 21, 2025, as if the share consolidation was in effect through the earliest period presented)