WFF

KUALA LUMPUR, Malaysia, Dec. 31, 2025 (GLOBE NEWSWIRE) -- WF Holding Limited (the “Company”) (NASDAQ: WFF), a Malaysia-based manufacturer of fiberglass reinforced plastic products, today announced its unaudited interim financial results for the six months ended June 30, 2025. Interim Financial Highlights Revenue increased by 70.09% to $3,515,890 for the six months ended June 30, 2025 from $2,067,101 for the six months ended June 30, 2024. Cost of sales increased by 86.68% to $2,321,681 for the six months ended June 30, 2025 from $1,243,681 for the six months ended June 30, 2024. As a percentage of revenue, cost of sales was 66.03% and 60.17% for the six months ended June 30, 2025 and 2024, respectively. Gross profit increased by 45.03% to $1,194,209 for the six months ended June 30, 2025 from $823,420 for the six months ended June 30, 2024. Gross margin was 33.97% and 39.83% for the six months ended June 30, 2025 and 2024, respectively. Net loss was $320,544 for the six months ended June 30, 2025, as compared to net income of $218,705 for the six months ended June 30, 2024. Basic and diluted net loss per share was $(0.01) for the six months ended June 30, 2025, as compared to basic and diluted net income per share of $0.01 for the six months ended June 30, 2024. As of June 30, 2025, the Company had cash and cash equivalents of $3,150,892. On March 28, 2025, the Company sold 2,000,000 ordinary shares in its initial public offering for gross proceeds of $8 million and net proceeds of approximately $7 million. On May 7, 2025, the Company sold an additional 240,000 ordinary shares in its initial public offering upon the partial exercise of the over-allotment option for gross proceeds of $960,000 and net proceeds of approximately $880,500. On May 15, 2025, the Company acquired 100% of the equity interests of Global Key Investment Limited, a Hong Kong investment holding company, which also holds approximately 35% of the equity interests of Carlico International Group Holdings Limited, a Hong Kong company engaged in the importation and distribution of bottled wines and liquors in mainland China, Hong Kong and Macau, for a purchase price of $3 million in cash. Interim Financial Results The Company’s unaudited interim consolidated financial statements for the six months ended June 30, 2025 and 2024 are attached to this release and form an integral part hereof. Below...