Baiya International Group Reports 6.9% Rise in Net Revenues to $7.3 Million for First Half of Fiscal 2025
Reuters
Sep 30
Baiya International Group Reports 6.9% Rise in Net Revenues to $7.3 Million for First Half of Fiscal 2025
Net revenues for the first half of fiscal year 2025 were $7.3 million, an increase of 6.9% from $6.8 million for the same period last year. Gross profit was $0.7 million, up 49.2% from $0.5 million in the same period last year. Gross margin increased to 10.0% from 7.2% a year earlier. Total cost of revenues was $6.5 million, up 3.7% from $6.3 million in the previous period. Research and development expenses were $0.08 million, a decrease of 46.1% from $0.1 million in the previous year. Net loss was $4.7 million for the first half of fiscal year 2025, compared to $0.06 million for the same period last year. The change mainly resulted from an increase of $4.9 million in operating expenses, partly offset by a decrease of $42,811 in other expenses and an increase of $0.2 million in gross profit. As of June 30, 2025, the company had cash of $0.9 million, compared to $1.7 million as of December 31, 2024.
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