Marvion Inc. Announces Annual Financial Results for 2024 with 134% Gain in Year-to-Year Revenue

Rhea-AI Summary

Marvion (OTC: MVNC) reported strong financial results for fiscal year 2024, achieving 134% year-over-year revenue growth to $1,544,108 and 171% increase in gross profit to $763,805. Despite industry challenges from tariff wars, the company maintains a positive outlook based on established relationships with major cross-regional logistics operators.

The company faced increased expenses in 2024 related to becoming publicly traded on OTC Markets, though these costs are expected to decrease in 2025. Marvion plans to expand operations with its fourth warehouse opening in Q2 2025.

Positive

• Revenue grew 134% YoY to $1,544,108
• Gross profit increased 171% YoY to $763,805
• Fourth warehouse expansion planned for Q2 2025
• OTC Markets-related expenses expected to decrease in 2025

Negative

• Impact of tariff wars on industry operations
• Increased non-operational expenses from OTC Markets listing

HONG KONG, April 28, 2025 /PRNewswire/ -- Marvion Inc. (OTC: MNVC) filed and reported the financial results with the period ended 31 December, 2025.  For annual fiscal period ended 31 December, 2024, the company achieved a revenue of $1,544,108 with a gross profit of $763,805, which is 134% growth in revenue and 171% growth in gross profit, compared to the fiscal year ended 31 December, 2023.

CEO of Marvion Inc. Mr. Chan Sze Yu spoke for Marvion, "With industry market pressures coming from the tariff wars, we continue to work very hard to hold tight to our business operations and keep looking for new business opportunities to maintain a business growth in the future.  With our past track records and business relationships with major cross-regional logistic operators, we are still seeing growth opportunities, and we will continue be working extremely hard to maintain a business growth in the coming years."

"We have faced some extra non-business operational expenses in 2024 when we have decided to become a publicly traded company on the OTC Markets, such cost would expect to reduce a lot in 2025.  Our fourth warehouse will be ready in Q2 2025 which will allow us to expand our services in a larger scope," added Mr. Chan.

About Marvion

Mavion (MVNC) is a group provides logistics and warehousing services in the Hong Kong market.  The group provides one-stop transport and storage solutions to business clients.

Website: http://www.unitedksk.com

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SOURCE Marvion Inc.

FAQ

What was Marvion's (MVNC) revenue growth in 2024?

Marvion achieved 134% year-over-year revenue growth, reaching $1,544,108 in 2024.

How much did Marvion's (MVNC) gross profit increase in 2024?

Marvion's gross profit grew 171% year-over-year to $763,805 in 2024.

When will Marvion (MVNC) open its fourth warehouse?

Marvion plans to open its fourth warehouse in Q2 2025.

How are tariff wars affecting Marvion's (MVNC) business operations?

Marvion faces industry market pressures from tariff wars but maintains growth opportunities through established relationships with logistics operators.

What impact did becoming publicly traded have on Marvion's (MVNC) expenses in 2024?

Marvion incurred additional non-business operational expenses in 2024 due to becoming publicly traded on OTC Markets, but these costs are expected to decrease in 2025.