Delixy Holdings Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025
Rhea-AI Summary
Delixy Holdings (Nasdaq: DLXY) reported unaudited results for the six months ended June 30, 2025. Revenue was $102.0 million versus $143.8 million a year earlier. Gross profit declined to $1.1 million from $1.8 million, while net income rose to $0.6 million from $0.5 million and basic and diluted EPS increased to $0.04 from $0.03. General and administrative expenses fell to $0.7 million from $1.6 million, improving operating profit to $0.4 million from $0.2 million.
As of June 30, 2025, cash and cash equivalents were $1.8 million versus $5.6 million a year earlier. Net cash used: operating activities $0.6 million, investing $0.5 million, financing $2.7 million. The company completed its IPO and began Nasdaq trading on July 9, 2025.
Positive
- Net income increased to $0.6M from $0.5M
- EPS rose to $0.04 from $0.03
- G&A expenses decreased to $0.7M from $1.6M
- Operating profit improved to $0.4M from $0.2M
Negative
- Revenue declined to $102.0M from $143.8M (~29% drop)
- Gross profit fell to $1.1M from $1.8M (~39% drop)
- Cash and cash equivalents decreased to $1.8M from $5.6M (~68% drop)
News Market Reaction – DLXY
In the Dec 30 session, DLXY gained 67.86%, reflecting a significant positive market reaction. Argus tracked a peak move of +51.9% during that session. Argus tracked a trough of -8.8% from its starting point during tracking. Our momentum scanner triggered 23 alerts that day, indicating elevated trading interest and price volatility. Trading volume was exceptionally heavy at 7.7x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 10 | IPO completion | Positive | -14.1% | Closing of IPO at $4.00 per share raising $8M gross proceeds. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Limited trading history: the prior IPO news saw a -14.14% move following capital-raising, contrasting with today’s positive earnings reaction.
This announcement follows Delixy’s Nasdaq listing and IPO, which closed on Jul 10, 2025 with 2,000,000 shares sold at $4.00, raising $8 million in gross proceeds. The IPO allocated 1,350,000 shares from the company and 650,000 from selling shareholders, giving Delixy capital to expand offerings and pursue strategic initiatives. Today’s first-half fiscal 2025 results highlight lower revenue but higher net income and EPS, suggesting early post-IPO focus on efficiency and profitability versus pure top-line growth.
Key Terms
initial public offering financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
First Six Months of Fiscal Year 2025 Financial Summary
- Revenue was
$102.0 million $143.8 million - Gross profit was
$1.1 million $1.8 million - Net income was
$0.6 million $0.5 million - Basic and diluted income per share was
$0.04 $0.03
Mr. Dongjian Xie, Executive Chairman and Chief Executive Officer of Delixy, commented, "During the first half of fiscal year 2025, we remained focused on efficiency while navigating a dynamic market environment. This approach allowed us to strengthen profitability and deliver improved operating results. While revenues during the period reflected softer market activity, our general and administrative expenses declined significantly year-over-year, reflecting streamlined corporate operations and strong expense controls. As a result, our profits from operations increased to
"On July 9, 2025, our ordinary shares commenced trading on Nasdaq following our initial public offering (the "IPO"), marking a major milestone for Delixy. The IPO strengthened our balance sheet, enhanced our visibility in the capital markets, and further improved our corporate governance framework. Looking ahead, we plan to continue to emphasize disciplined execution and prudent growth initiatives. With the foundation established as a public company, we believe Delixy is well positioned to pursue sustainable growth and create long-term value for our shareholders."
First Six Months of Fiscal Year 2025 Unaudited Financial Results
Revenues
Revenues were
Cost of Revenue
Cost of revenue was
Gross Profit
Gross profit was
General and Administrative Expenses
General and administrative expenses were
Net Income
Net income was
Basic and Diluted Income per Share
Basic and diluted income per share was
Financial Condition
As of June 30, 2025, the Company had cash and cash equivalents of
Net cash used in operating activities was
Net cash used in investing activities was
Net cash used in financing activities was
About Delixy Holdings Limited
Delixy Holdings Limited is a
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe", "plan", "expect", "intend", "should", "seek", "estimate", "will", "aim" and "anticipate" or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Registration Statement and other filings with the
For media inquiries, please contact:
Delixy Holdings Limited
Investor Relations Department
Email: ir@delixy.com
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
DELIXY HOLDINGS LIMITED AND SUBSIDIARIES | ||||
CONSOLIDATED BALANCE SHEETS | ||||
(UNAUDITED) | ||||
(Amount in USD thousands, except for share and per share data, or otherwise noted) | ||||
As of Jun 30, | As of Jun 30, | |||
US$'000 | US$'000 | |||
ASSETS | ||||
Current assets: | ||||
Cash and cash equivalents | 5,609 | 1,824 | ||
Accounts receivable, net | 3,772 | 18,648 | ||
Deposits, prepayments and other receivables | 34 | 502 | ||
Derivative financial instruments | 312 | 831 | ||
Total current assets | 9,727 | 21,805 | ||
Non-current assets: | ||||
Property and equipment, net | 4 | 1 | ||
Right-of-use assets, net | 99 | 37 | ||
Deferred offering costs | 1,152 | 2,492 | ||
Total non-current assets | 1,255 | 2,530 | ||
TOTAL ASSETS | 10,982 | 24,335 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
Current liabilities: | ||||
Accounts payable | 2,521 | 18,227 | ||
Accrued liabilities | 87 | 51 | ||
Dividend payables | 2,245 | |||
Amount due to shareholder | 99 | 1 | ||
Lease liabilities | 62 | 38 | ||
Income tax payable | 157 | 105 | ||
Total current liabilities | 5,171 | 18,422 | ||
Non-current liabilities: | ||||
Lease liabilities | 36 | |||
Loan from shareholder | 5,000 | 4,000 | ||
Non-current liability | 5,036 | 4,000 | ||
TOTAL LIABILITIES | 10,207 | 22,422 | ||
Commitments and contingencies | — | — | ||
Shareholders' equity: | ||||
Ordinary share, par value 15,000,000 shares issued* | ** | ** | ||
Additional paid-up capital | 695 | 695 | ||
Retained earnings | 34 | 1172 | ||
Other reserve | 46 | 46 | ||
Total shareholders' equity | 775 | 1,913 | ||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 10,982 | 24,335 | ||
____________
* Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders.
** — Denotes amount less than
DELIXY HOLDINGS LIMITED AND SUBSIDIARIES | ||||||
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME | ||||||
(UNAUDITED) | ||||||
(Amount in USD thousands, except for share and per share data, or otherwise noted) | ||||||
For the six months period ended | ||||||
2024 | 2025 | |||||
US$'000 | US$'000 | |||||
Revenues | 143,761 | 102,000 | ||||
Cost of revenue | (141,959) | (100,925) | ||||
Gross profit | 1,802 | 1,075 | ||||
General and administrative expenses | (1,635) | (692) | ||||
Profits from operations | 167 | 383 | ||||
Other income: | ||||||
Gain on disposal of property | 177 | |||||
Foreign exchange gain | 1 | 8 | ||||
Interest income | 135 | 35 | ||||
Shipping charges reimbursed | 10 | 201 | ||||
Other income | 5 | 1 | ||||
Total other income | 328 | 245 | ||||
Income before income tax | 495 | 628 | ||||
Income tax expense | (45) | (68) | ||||
NET INCOME | 450 | 560 | ||||
TOTAL COMPREHENSIVE INCOME | 450 | 560 | ||||
Net income per share | ||||||
Basic and diluted** | 0.030 | 0.037 | ||||
Weighted average number of ordinary shares outstanding Basic and diluted** | 15,000,000 | 15,000,000 | ||||
____________
* — Denotes amount less than
** Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders.
DELIXY HOLDINGS LIMITED AND SUBSIDIARIES | ||||||
CONSOLIDATED STATEMENTS OF CASH FLOW | ||||||
(UNAUDITED) | ||||||
(Amount in USD thousands, except for share and per share data, or otherwise noted) | ||||||
For the six months period ended | ||||||
2024 | 2025 | |||||
US$'000 | US$'000 | |||||
Cash flows from operating activities: | ||||||
Net income after tax | 450 | 560 | ||||
Depreciation of property and equipment | 7 | 3 | ||||
Amortization of right-of-use assets | 20 | 25 | ||||
Gain on disposal of property | (177) | |||||
Interest expense | 89 | (88) | ||||
Change in working capital: | ||||||
Accounts receivable, net | (3,059) | (14,876) | ||||
Deposits, prepayments and other receivables | 1 | (468) | ||||
Other non-current assets | (1,152) | (1,340) | ||||
Accounts payable | 2,521 | 15,706 | ||||
Accrued liabilities | 12 | (36) | ||||
Lease liabilities | (22) | (23) | ||||
Income tax payable | (89) | (52) | ||||
Net cash provided by/(used in) operating activities | (1,399) | (589) | ||||
Cash flows from investing activities: | ||||||
Derivative financial instruments | 295 | (519) | ||||
Proceeds from disposal of property | 957 | |||||
Amount due from shareholder | — | |||||
Net cash (used in)/provided by investing activities | 1,252 | (519) | ||||
Cash flows from financing activities: | ||||||
Amount due to related party | — | |||||
Amount due to shareholder | 11 | (10) | ||||
Dividend paid | (2,500) | (2,667) | ||||
Net cash used in financing activities | (2,489) | (2,677) | ||||
Net change in cash and cash equivalents | (2,636) | (3,785) | ||||
BEGINNING OF FINANCIAL PERIOD | 8,245 | 5,609 | ||||
END OF FINANCIAL PERIOD | 5,609 | 1,824 | ||||
Supplemental Cash Flow Information: | ||||||
Cash paid for income taxes | (134) | (90) | ||||
Cash paid for interest | (1) | (5) | ||||
Supplemental schedule of noncash financing activities | ||||||
Loan from shareholder | 5,000 | 4,000 | ||||
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SOURCE Delixy Holdings Limited