Kandal M Venture Limited Reports Latest Customer Orders for Fiscal Year 2026
Rhea-AI Summary
Kandal M Venture (Nasdaq: FMFC) provided a customer order update for the fiscal year ending March 31, 2026. As of Nov 28, 2025 the company has received $4.0 million in new orders for the Trans 2026 season, bringing total orders to date to $17.2 million for Fiscal Year 2026. The company said customer orders are meeting expectations despite 2025 tariff headwinds.
Management noted Trans season timing (April–July) and said it plans to pursue geographic expansion and customer-base growth. Current clients include several globally recognized U.S.-headquartered fashion brands.
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News Market Reaction
On the day this news was published, FMFC gained 10.72%, reflecting a significant positive market reaction. Argus tracked a peak move of +12.7% during that session. Our momentum scanner triggered 9 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $12M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
FMFC showed a -7.66% move while peers were mixed: RCKY up 2.45%, FORD up 4.23%, DBI down 2.28%, FOSL and WEYS roughly flat, suggesting stock-specific dynamics rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 28 | Orders update | Positive | +10.7% | Announced <b>$4.0M</b> new Trans 2026 orders, totaling <b>$17.2M</b> FY26 orders. |
| Sep 18 | Orders update | Positive | +1.2% | Reported <b>$6.72M</b> FY26 customer orders for Resort and Spring seasons. |
| Jul 30 | Earnings release | Neutral | +0.4% | FY2025 revenue grew to <b>$17.19M</b> but net income and margins declined. |
| Jul 16 | Over-allotment exercise | Neutral | +14.7% | Underwriters exercised 300,000-share greenshoe, lifting IPO proceeds to <b>$9.2M</b>. |
| Jun 26 | IPO closing | Positive | -8.4% | Closed IPO of 2,000,000 shares at <b>$4.00</b>, raising gross proceeds of <b>$8.0M</b>. |
FMFC has generally seen positive price reactions to operational and capital-raising news, with four prior events showing gains and only the IPO day declining despite a successful offering.
Over the past six months, FMFC listed on Nasdaq via an IPO on June 25, 2025, raising total gross proceeds of $9.2 million after full over-allotment exercise. Subsequent earnings showed revenue rising to $17.19 million but with lower net income and margins. Order updates for Fiscal Year 2026 on September 18 and November 28 highlighted growing orders, now totaling $17.2 million, indicating demand trends that build on its post-IPO expansion plans.
Market Pulse Summary
The stock surged +10.7% in the session following this news. A strong positive reaction aligns with FMFC’s history of favorable responses to order and capital-raising updates, such as prior gains of 10.72% and 14.67% after good news. The update that Fiscal Year 2026 orders reached US$17.2 million could reinforce confidence in demand trends. However, the stock’s position near its 52-week low and well below the US$4.00 IPO price highlighted ongoing risk that enthusiasm could fade if future orders or margins disappoint.
AI-generated analysis. Not financial advice.
Cambodia, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced an update on customer orders for the fiscal year ending March 31, 2026 (“Fiscal Year 2026”).
As of today, the Company has received new orders for Trans 2026 season of approximately US
In the fashion industry, the Trans Season typically corresponds to the end of the Spring season and before the Fall season in the United States. Spring Season spans January through March, while Trans season spans April to July.
The Company added that it hopes to build on its current success by expanding geographically and growing its customer base.
“The orders our customers placed with us reflects the continued confidence they have in our capabilities and our commitment to quality,” said Mr. Duncan Miao, Director and Chairman of the Board of Kandal.
Kandal’s current clientele includes several globally recognized fashion brands headquartered in the United States.
About Kandal M Venture Limited
Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods with its manufacturing operations in Cambodia. It primarily manufactures handbags, such as shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and other smaller leather goods, such as wallets.
For more information, please visit the Company’s website at www.kandalmv.com.
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. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the Securities and Exchange Commission before making any investment decisions regarding the Company’s securities. 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.
Contacts:
Company:
Kandal M Venture Limited Investor Relations Contact:
Padachi Village, Prek Ho Commune, Takhmao Town, Kandal Province,
Kingdom of Cambodia
Email: enquiry@fmfco.com.kh
Telephone: +855 23425205
Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: +1 (646) 893-5835 x2
Email: info@skylineccg.com
Website: www.skylineccg.com
FAQ
What are Kandal M Venture (FMFC) reported orders for Fiscal Year 2026 as of Nov 28, 2025?
How much of FMFC's Fiscal Year 2026 orders are for the Trans 2026 season?
When does the Trans season referenced by FMFC occur for U.S. fashion retailers?
Did FMFC say tariffs affected its Fiscal Year 2026 customer orders?
What growth plans did Kandal M Venture (FMFC) announce with the order update?
Which markets or clients does FMFC identify in its Nov 28, 2025 update?
