Epsium Enterprise Limited Reports Unaudited Financial Results for the Six Months Ended June 30, 2025

Rhea-AI Summary

Epsium (Nasdaq: EPSM) reported unaudited results for the six months ended June 30, 2025, highlighting its post-IPO balance-sheet strength and governance updates.

Key figures: IPO proceeds netted US$4.91 million; cash at US$2.43 million; revenue US$3.04 million (H1 2024: US$7.11M); gross profit US$0.50 million with gross margin 16.28% (up from 13.09%); operating loss US$0.69 million; net loss attributable to the company US$0.70 million, or US$(0.05) per share on 12.73 million weighted-average shares.

Balance sheet: total assets US$13.79 million, total liabilities US$1.59 million, stockholders' equity US$12.21 million. Customer and supplier concentration remains notable.

Positive

• Net IPO proceeds of US$4.91 million
• Cash balance at US$2.43 million as of June 30, 2025
• Gross margin improved to 16.28% from 13.09%

Negative

• Revenue declined to US$3.04M from US$7.11M year-ago
• Operating loss of US$0.69M versus prior operating income
• Net loss attributable to company of US$0.70M
• Net cash used in operations of US$1.93M
• Top customer concentration: largest customer at 36.1% of revenue

Key Figures

Revenue US$3.04 million Six months ended June 30, 2025; vs US$7.11 million in 2024 period

Gross margin 16.28% Six months ended June 30, 2025; improved from 13.09% a year ago

Net loss US$0.70 million Six months ended June 30, 2025; US$(0.05) per basic and diluted share

Operating loss US$0.69 million Six months ended June 30, 2025; vs operating income of US$0.54 million in 2024 period

IPO net proceeds US$4.91 million Raised from IPO and over-allotment in March–April 2025

Cash and equivalents US$2.43 million Balance as of June 30, 2025; highest level since 2023

Total assets / equity US$13.79M assets; US$12.21M equity As of June 30, 2025; liabilities US$1.59 million

Top customer concentration 36.1%, 13.7%, 11.6% Revenue share from top three customers in first half 2025

Market Reality Check

$3.83 Last Close

Volume Volume 280,500 is about 0.07x the 20-day average of 3,757,766 shares. low

Technical Pre-news price $3.83 was trading below the 200-day MA at $17.70, reflecting prior weakness.

Peers on Argus 1 Up

Among key beverage peers, moves were mixed: MGPI up 3.71%, SNDL up 1.16%, CASK up 11.11%, BLNE up 18.11%, while STKL was down 0.40%, suggesting stock-specific rather than broad sector dynamics for EPSM.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Sep 10	Trading activity response	Neutral	-70.7%	Company stated volatility was unrelated to fundamentals or undisclosed events.
Aug 25	Strategic partnership MOU	Positive	+0.3%	MoU to explore collaboration and potential stock swap merger with Era Future.

Pattern Detected

Limited history shows one sharp selloff on neutral clarification and a mild rise on partnership news, indicating sensitivity to trading-related headlines.

Recent Company History

Over recent months, EPSM has focused on stabilizing perceptions and expanding strategically. On Aug 25, 2025, it announced an MoU to explore collaboration with Era Future, targeting synergies in Macau’s entertainment-linked beverage demand and the stock moved +0.32%. On Sep 10, 2025, the company addressed unusual trading activity, stressing no change in fundamentals, yet shares fell 70.72%. Today’s earnings update sits against that backdrop of earlier volatility and partnership exploration.

Market Pulse Summary

This announcement details a revenue decline to US$3.04 million but improved gross margin of 16.28% and cash of US$2.43 million, supported by recent IPO proceeds. It follows prior months where EPSM pursued a strategic MoU and addressed unusual trading activity. Investors may track whether operating losses of US$0.69 million narrow, how customer and supplier concentration evolves, and how the new multi-class share structure influences governance over time.

Key Terms

initial public offering financial

"In March 2025, Epsium completed its initial public offering of 1.25 million..."

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

over-allotment option financial

"and, in April, closed the full over-allotment option of 187,500 shares..."

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

gross margin financial

"Gross profit was US$0.50 million, with a gross margin of 16.28%..."

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

AI-generated analysis. Not financial advice.

MACAU, Dec. 5, 2025 /PRNewswire/ -- Epsium Enterprise Limited (Nasdaq: EPSM) ("Epsium" or the "Company"), a Macau-based importer and distributor of premium alcoholic beverages, today announced its unaudited financial results for the six months ended June 30, 2025. The Company reported a solid balance sheet, continued brand expansion, and progress in corporate governance following its successful Nasdaq listing earlier this year.

First-Half 2025 Business and Financial Highlights

In March 2025, Epsium completed its initial public offering of 1.25 million ordinary shares at US $4.00 per share and, in April, closed the full over-allotment option of 187,500 shares, raising net proceeds of US $4.91 million to strengthen liquidity. As of June 30, 2025, cash and cash equivalents stood at US $2.43 million — the highest level since 2023 — reflecting disciplined capital deployment after the IPO. Inventories of US $4.08 million and advance payments for goods of US $5.18 million ensured sufficient supply of premium brands such as Moutai, Wuliangye, Rémy Martin and Macallan to support key sales channels across Macau. In August 2025, shareholders approved a multi-class share structure introducing Class A and Class B ordinary shares (20 votes per share) and Preferred Shares, further aligning the Company's governance with international capital-market standards.

Financial Results for the Six Months Ended June 30, 2025

Epsium recorded revenue of US$3.04 million, compared with US$7.11 million in the same period of 2024, primarily reflecting the timing of customer orders and deliberate inventory optimization. Gross profit was US$0.50 million, with a gross margin of 16.28%, improving from 13.09% a year ago, driven by a higher mix of premium-margin products.

Operating loss was US$0.69 million, compared with an operating income of US$0.54 million a year ago, mainly due to higher professional and listing-related expenses. Net loss attributable to the Company was US$0.70 million, or US$(0.05) per basic and diluted share, on 12.73 million weighted-average shares.

Net cash used in operating activities was US$1.93 million, net cash provided by financing activities was US$4.22 million, reflecting IPO proceeds and disciplined financial management. Total assets were US$13.79 million, total liabilities US$1.59 million, and stockholders' equity US$12.21 million.

The Company's top three customers accounted for 36.1%, 13.7%, and 11.6% of revenue, respectively. Two major suppliers represented approximately 48.2% and 25.1% of purchases, consistent with industry concentration characteristics.

Management Commentary

"Our focus this year has been to strengthen our operating foundation following our successful listing on Nasdaq," said Son I Tam, Chief Executive Officer of Epsium. "We remain committed to disciplined execution across sourcing, inventory management, and capital allocation. During the first half of 2025, we continued to build long-term partnerships with our suppliers and key distribution clients while maintaining a conservative financial profile. Our liquidity position and improved gross margin reflect a more efficient operating structure that will support our future business development in Macau's premium beverage market."

About EPSIUM ENTERPRISE LIMITED

Through its Macau operating entity, Companhia de Comercio Luz Limitada ("Luz"), a limited liability company organized under Macau laws in 2010, EPSIUM is engaged in importing and wholesaling primarily alcoholic beverages in Macau. Through Luz, the Company imports and sells a broad range of premium beverages, primarily alcoholic beverages and, in 2022, a small quantity of tea and fruit juice. The alcoholic beverages the Company sells include Chinese liquor, French cognac, Scottish whiskey, fine wine, Champagne, and other miscellaneous beverage alcohol. Sales of Chinese liquor is by far the Company's most significant operations, and the Company is a top wholesaler of high-end Chinese liquor in Macau. For more information, please visit the Company's website: www.epsium-group.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, including, but not limited to, the Company's proposed Offering. 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, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions in this press release. 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. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Registration Statement filed with the SEC. 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 Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

EPSIUM ENTERPRISE LIMITED

Investor Relations Department

Email: investor.relations@epsium-group.com

 

View original content:https://www.prnewswire.com/news-releases/epsium-enterprise-limited-reports-unaudited-financial-results-for-the-six-months-ended-june-30-2025-302634374.html

SOURCE Epsium Enterprise Limited

FAQ

What were Epsium's revenue and gross margin for the six months ended June 30, 2025 (EPSM)?

Revenue was US$3.04 million and gross margin was 16.28% for the six months ended June 30, 2025.

How much cash did Epsium (EPSM) have after the IPO as of June 30, 2025?

Epsium reported US$2.43 million in cash and cash equivalents as of June 30, 2025.

How much did Epsium (EPSM) raise in its March 2025 IPO and over-allotment?

The company raised net proceeds of US$4.91 million from the IPO and over-allotment.

Did Epsium (EPSM) report a profit or loss for the first half of 2025?

Epsium reported a net loss attributable to the company of US$0.70 million for H1 2025.

What liquidity and balance-sheet metrics should EPSM investors watch after the H1 2025 report?

Investors should monitor cash of US$2.43M, inventories of US$4.08M, advance payments US$5.18M, and equity of US$12.21M.

How concentrated are Epsium's (EPSM) customers and suppliers in H1 2025?

The top three customers represented 36.1%, 13.7%, and 11.6% of revenue; two suppliers accounted for 48.2% and 25.1% of purchases.