WALNUT, Calif., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. ("Armlogi" or the "Company") (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced financial results for its fiscal 2026 second quarter and six-month period ended December 31, 2025.
Financial Results for the Three Months Ending December 31, 2025:
-- Total revenue increased 0.8% to $51.5 million for the three months ended
December 31, 2025, compared to $51.1 million in the prior-year period.
-- Costs of services increased to $52.3 million for the three months ended
December 31, 2025, resulting in a gross loss of $0.8 million, compared to
a gross profit of $0.5 million in the prior year period. Gross margin
declined to (1.5)% for the three months ended December 31, 2025 from 0.9%
in the prior year period, primarily due to higher operational costs.
-- Net loss was $3.9 million, or ($0.08) per share for the three months
ended December 31, 2025, compared to a net loss of $1.7 million, or
($0.04) per share, for the prior year period.
Financial Results for the Six Months Ending December 31, 2025:
-- Total revenue for the first six months ended December 31, 2025 grew 7.9%
to $101.0 million, up from $93.6 million in the prior year period.
-- Gross loss for the six months ended December 31, 2025 was $3.3 million,
showing a marginal improvement in gross margin to (3.2)% from (3.3)% in
the prior year period.
-- Net loss was $10.4 million, or ($0.24) per share for the six months ended
December 31, 2025, compared to a net loss of $6.3 million, or ($0.15) per
share, for the prior year period.
As of December 31, 2025, the Company had a cash and restricted cash balance of $9.4 million. During the six months ended December 31, 2025, the Company utilized its Standby Equity Purchase Agreement $(SEPA)$ to issue 3,192,145 shares of common stock, raising an aggregate of $3.8 million to support its operations and growth initiatives.
Management Commentary
Aidy Chou, Chairman and Chief Executive Officer of Armlogi, commented, "The second quarter reflected stable revenue performance and continued first-half growth, though margins were pressured by elevated service costs. We are actively implementing cost optimization strategies and operational efficiencies to address the compression in our gross margins, including enhancing warehouse utilization and integrating higher-margin logistics solutions. We remain confident in our long-term strategy and our ability to create value for our stockholders as we navigate the current market dynamics."
About Armlogi Holding Corp.
Armlogi Holding Corp., based in Walnut, CA, is a U.S.-based warehousing and logistics service provider offering a comprehensive suite of supply-chain solutions, including warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants seeking to establish U.S. market warehouses. With 10 warehouses totaling over 3.5 million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company's warehouses are equipped with facilities and technology to handle and store large, bulky items. Armlogi is a member of the Russell Microcap$(R)$ Index. For more information, please visit www.armlogi.com.
Forward-Looking Statements
This press release contains forward-looking statements. In addition, our representatives may from time to time make forward-looking statements, orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our revenue and earnings growth; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us.
Company Contact:
info@armlogi.com
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
*** tables follow ***
ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2025 AND JUNE 30, 2025
(US$, except share data, or otherwise noted)
December 31, June 30,
2025 2025
------------- -----------
US$ US$
------------- -----------
Unaudited Audited
Assets
Current assets
Cash and cash equivalents 5,041,971 9,190,277
Accounts receivable and other
receivable, net of credit loss
allowance of $594,869 and
$594,869 19,477,733 22,207,500
Other current assets 1,264,311 998,925
Prepaid expenses 1,275,823 1,375,646
Loan receivables, net of credit
loss allowance of $nil and $nil 2,139,787 3,893,563
----------- -----------
Total current assets 29,199,625 37,665,911
Non-current assets
Restricted cash -- non-current 4,394,812 4,387,550
Property and equipment, net 10,587,255 11,259,820
Intangible assets, net 31,370 54,627
Right-of-use assets -- operating
leases 106,496,289 115,361,185
Right-of-use assets -- finance
leases 1,516,794 745,547
Other non-current assets 835,691 739,555
----------- -----------
Total assets 153,061,836 170,214,195
=========== ===========
LIABILITIES AND STOCKHOLDERS'
EQUITY
Liabilities:
Current liabilities
Accounts payable and accrued
liabilities 9,385,551 9,604,783
Contract liabilities 628,790 939,097
Accrued payroll liabilities 491,377 283,150
Convertible notes - 5,292,749
Operating lease liabilities --
current 33,713,304 29,280,907
Finance lease liabilities --
current 763,696 386,327
----------- -----------
Total current liabilities 44,982,718 45,787,013
Non-current liabilities
Operating lease liabilities --
non-current 88,755,383 98,939,552
Finance lease liabilities --
non-current 802,032 397,692
----------- -----------
Total liabilities 134,540,133 145,124,257
=========== ===========
Commitments and contingencies
Stockholders' equity
Common stock, US$0.00001 par value,
100,000,000 shares authorized,
45,443,079 and 42,250,934 issued
and outstanding as of December 31,
2025 and June 30, 2025,
respectively 454 422
Additional paid-in capital 20,468,826 16,668,858
Retained earnings (1,947,577) 8,420,658
----------- -----------
Total stockholders' equity 18,521,703 25,089,938
----------- -----------
Total liabilities and stockholders'
equity 153,061,836 170,214,195
=========== ===========
ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
(US$, except share data, or otherwise noted)
Three Three
Months Months Six Months Six Months
Ended Ended Ended Ended
December December December 31, December 31,
31, 2025 31, 2024 2025 2024
--------------------- ----------- ----------- ------------ -------------
US$ US$ US$ US$
--------------------- ----------- ----------- ------------ -------------
Unaudited Unaudited Unaudited Unaudited
--------------------- ----------- ----------- ------------ -------------
Revenue 51,542,848 51,143,682 101,016,027 93,625,578
Costs of
services 52,313,114 50,660,690 104,270,376 96,749,376
Gross profit (770,266) 482,992 (3,254,349) (3,123,798)
Operating costs
and expenses:
General and
administrative 3,328,550 2,659,156 7,545,856 6,327,981
Total operating
costs and
expenses 3,328,550 2,659,156 7,545,856 6,327,981
Loss from
operations (4,098,816) (2,176,164) (10,800,205) (9,451,779)
Other (income)
expenses:
Other income,
net (302,280) (564,656) (1,040,872) (1,770,321)
Loss on Disposal
of Assets -- 43,625 -- 43,625
Finance costs 44,121 79,989 592,466 88,997
Total other
(income) expenses (258,159) (441,042) (448,406) (1,637,699)
Loss before
provision for
income taxes (3,840,657) (1,735,122) (10,351,799) (7,814,080)
Current income
tax expense 19,525 -- 16,436 --
Deferred income
tax (recovery)
expense -- (75,882) -- (1,506,969)
Total income tax
(recovery)
expenses 19,525 (75,882) 16,436 (1,506,969)
Net loss (3,860,182) (1,659,240) (10,368,235) (6,307,111)
Total comprehensive
loss (3,860,182) (1,659,240) (10,368,235) (6,307,111)
Basic & diluted net
loss per share (0.08) (0.04) (0.24) (0.15)
Weighted average
number of shares
of common
stock-basic and
diluted 45,443,079 41,642,442 43,952,643 41,638,221
ARMLOGI HOLDING CORP.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 AND 2024
(UNAUDITED)
(US$, except share data, or otherwise noted)
For The For The
Six Months Ended Six Months Ended
December 31, December 31,
2025 2024
------------------ -----------------
US$ US$
------------------ -----------------
Unaudited Unaudited
Cash Flows from
Operating Activities:
Net loss (10,368,235) (6,307,111)
Adjustments for
items not affecting
cash:
Net loss from disposal
of fixed assets -- 43,625
Depreciation of
property and
equipment and
right-of-use
financial assets 1,679,930 1,290,471
Amortization 23,257 17,659
Non-cash operating
leases expense 3,113,124 4,358,758
Current estimated
credit loss -- 228,363
Accretion of
convertible notes 527,251 72,184
Deferred income taxes -- (1,506,969)
Interest income (39,534) (63,233)
Changes in operating
assets and
liabilities:
Accounts receivable
and other
receivables 2,729,767 (5,967,431)
Other current assets (265,386) (280,846)
Other non-current
assets (96,136) (203,643)
Prepaid expenses 99,823 249,667
Accounts payable &
accrued liabilities (299,550) (1,969,214)
Contract liabilities (310,307) 972,381
Income tax payable -- (87,075)
Accrued payroll
liabilities 208,227 (16,180)
Net changes in
derecognized ROU and
operating lease
liabilities -- (63,874)
---------------- ----------------
Net cash used in
operating activities (2,997,769) (9,232,468)
---------------- ----------------
Cash Flows from
Investing
Activities:
Purchase of property
and equipment (636,868) (2,070,770)
Loan disbursements (2,770,000) (1,000,000)
Proceeds from loan
repayments 4,563,310 2,036,705
Proceeds from sale of
property and
equipment -- 25,000
---------------- ----------------
Net cash provided by
(used in) investing
activities 1,156,442 (1,009,065)
---------------- ----------------
Cash Flows from
Financing Activities:
Repayment to related
parties -- (350,209)
Repayments of finance
lease liabilities (279,717) (72,368)
(Repayments) Net
proceeds from
convertible notes (2,020,000) 8,092,473
---------------- ----------------
Net cash (used in)
provided by financing
activities (2,299,717) 7,669,896
---------------- ----------------
Net decrease in cash and
cash equivalents and
restricted cash (4,141,044) (2,571,637)
Cash and cash
equivalents and
restricted cash,
beginning of the
period 13,577,827 9,950,384
---------------- ----------------
Cash and cash
equivalents and
restricted cash, end of
the period 9,436,783 7,378,747
================ ================
The following table
provides a
reconciliation of cash
and cash equivalents
and restricted cash
reported within the
Condensed Consolidated
Balance Sheets that
sum to the total of
the same amounts shown
in the Condensed
Consolidated
Statements of Cash
Flows:
Cash and cash
equivalents 5,041,971 5,118,815
Restricted cash --
non-current 4,394,812 2,259,932
---------------- ----------------
Total cash and cash
equivalents and
restricted cash shown
in the Condensed
Consolidated Balance
Sheets 9,436,783 7,378,747
================ ================
Supplemental
Disclosure of Cash
Flows Information:
Cash paid for income tax (23,300) (87,074)
Cash paid for interest -- (16,813)
Non-cash Transactions:
Right-of-use assets
acquired in exchange
for finance lease
liabilities 1,061,426 --
Right-of-use assets
acquired in exchange
for operating lease
liabilities 2,861,346 6,184,333
Increase (Decrease) in
right-of-use assets
due to remeasurement
of lease terms 63,896 (884,394)
Shares issued for
Investor Notices
pursuant to SEPA by
reducing the
convertible notes 3,800,000 --
Shares issued to
settle commitment
fee -- 250,000
(END) Dow Jones Newswires
February 13, 2026 23:02 ET (04:02 GMT)