CL Workshop Group Limited Announces Unaudited Interim Results for the Six Months Ended June 30, 2025

Rhea-AI Summary

CL Workshop Group (Nasdaq: NWGL) reported unaudited results for the six months ended June 30, 2025. Revenue was approximately $8.9M, down ~24.8% year-over-year; revenue net of discontinued operations was $8.1M (a 9.9% decline). Profit for the period was approximately $0.1M versus a prior period loss.

The company cited weak global demand, China property downturn and tariffs as headwinds, and noted cost optimization and new initiatives (carbon credit income, decorative plywood). Key corporate actions: a share sale transferring ~86.82% of issued shares closed; board and senior management changes occurred on November 3, 2025; a share reorganization and name change to CL Workshop Group became effective December 29, 2025.

Positive

• Revenue of $8.9M for H1 2025
• Profit of approximately $0.1M for H1 2025
• Completed transfer of 86.82% issued shares to purchasers
• Name change and share reorganization effective Dec 29, 2025

Negative

• Revenue declined by 24.8% year-over-year
• Administrative expenses rose by 53.8%
• Selling and distribution expenses fell by 26.2% on weaker demand
• Ongoing market headwinds: China property downturn and tariffs

Key Figures

Revenue 1H 2025 $8.9 million Six months ended June 30, 2025 (including $0.8M discontinued)

Revenue 1H 2024 $11.9 million Six months ended June 30, 2024

Revenue decline 24.8% Decrease in revenue vs. same period 2024

Profit 1H 2025 $0.1 million Six months ended June 30, 2025, driven by gain on disposal

Selling expenses 1H 2025 $1.0 million Excluding discontinued operation; down from $1.4M in 1H 2024

Administrative expenses 1H 2025 $1.5 million Excluding discontinued operation; up from $1.0M in 1H 2024

Authorized share capital 8,000,000,000 shares Authorized ordinary shares after reorganization, par value US$0.001

Controlling stake transferred 114,974,179 shares (86.82%) Ordinary shares transferred to new purchasers under share purchase agreement

Market Reality Check

$1.39 Last Close

Volume Volume 17,888 is below the 20-day average of 116,586, indicating muted trading interest pre-announcement. low

Technical Price at $1.39 is trading slightly above the 200-day MA of $1.36.

Peers on Argus 1 Down

Peers show mixed moves: AUST in scanner moving down, while other basic materials peers show small or no changes. This suggests NWGL’s move is more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 16	AGM approvals	Neutral	-1.3%	Shareholders approved name change, share reorganization, and new governing documents.
Nov 03	Management changes	Neutral	+1.4%	Chairman and senior officers resigned; new CEO, CFO, and CSO appointed.
Oct 22	Control change	Neutral	-1.3%	Private transfer of 86.82% of shares resulting in new controlling shareholder.

Pattern Detected

Recent news centered on control changes, governance updates, and leadership transitions, each followed by relatively modest price moves.

Recent Company History

Over the last months, the company reported several corporate events. On October 22, 2025, a private transfer of 86.82% of shares led to a new controlling shareholder. On November 3, 2025, major leadership changes installed a new CEO, CFO, and chief strategy officer. On December 16, 2025, shareholders approved a name change to CL Workshop Group Limited and a large share reorganization. Today’s interim results and confirmation of the reorganization’s effectiveness build on this ongoing restructuring trajectory.

Market Pulse Summary

The stock is up +7.2% following this news. A strong positive reaction aligns with a company undergoing significant restructuring and leadership change while returning to a small $0.1 million profit after a prior-period loss. However, revenue fell to $8.9 million from $11.9 million, and administrative expenses rose to $1.5 million, which could temper enthusiasm. The large increase in authorized share capital to 8,000,000,000 shares and dual-class structure also adds governance and capital-structure considerations when assessing sustainability.

Key Terms

discontinued operation financial

"of which 0.8 million was derived from discontinued operation, representing a decrease"

A discontinued operation is a part of a company that has been sold, closed, or is planned to be shut down, and will no longer be part of its ongoing business activities. For investors, it matters because it can significantly affect a company's financial results and future outlook, similar to removing a large, ongoing project from a company's operations. Recognizing discontinued operations helps investors better understand a company's current performance separate from parts that are no longer active.

carbon credit financial

"exploring new revenue streams, such as carbon credit income and decorative plywood"

A carbon credit is a tradable permit that represents the right to emit a fixed amount of greenhouse gases, usually one metric ton of CO2-equivalent; companies that cut emissions can sell unused credits to others that need them. Think of it like a coupon system for pollution where the total number of coupons limits overall emissions. Investors care because carbon credits create a market-driven cost or revenue stream tied to climate regulations and corporate sustainability efforts, affecting company profits, valuations, and exposure to regulatory risk.

share purchase agreement financial

"pursuant to a share purchase agreement dated October 22, 2025"

A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.

par value financial

"ordinary shares each with a par value ofUS$0.001 divided into 7,520,000,000"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

class a ordinary shares financial

"into 7,520,000,000 Class A Ordinary Shares each with apar value US$0.001"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"and 480,000,000 Class B Ordinary Shares each with a par value of US$0.001"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

voting rights financial

"Class B Ordinary Shares with 50 votes per share at a general meeting of the Company"

Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.

AI-generated analysis. Not financial advice.

MACAU, Dec. 29, 2025 /PRNewswire/ -- CL Workshop Group Limited (the "Company") (Nasdaq: NWGL), a global leading vertically-integrated forestry company headquartered in Macau that focuses on forest management, and manufacturing and trading of wood products and is developing carbon sink business, today announced its unaudited financial results for the six months ended June 30, 2025.

The following discussion and analysis of the financial conditions and results of operations should be read in conjunction with our condensed consolidated financial statements in this filing.

Overview:

• Revenue was approximately $8.9 million for the six months ended June 30, 2025, of which 0.8 million was derived from discontinued operation, representing a decrease of approximately 24.8% from the same period in 2024.
• Profit for the period was approximately $0.1 million for the six months ended June 30, 2025 while the loss for the period ended June 30, 2024 was approximately $0.2 million.

Six Months Financial Results Ended June 30, 2025

Apart from the pressure of global economic downturn following the COVID-19 pandemic, the unfavorable conditions including the Russia-Ukraine war, the Israel-Palestine conflict and the downturn in property market in China continue to affect the home building and home renovation products market in Europe and China.

While the ongoing geopolitical tensions and market challenges continue to impact our business, the Company has been actively implementing cost optimization strategies and exploring new revenue streams, such as carbon credit income and decorative plywood, to navigate through these turbulent times and position ourselves for future growth.

Revenue. Revenue decreased by approximately 24.8% to approximately $8.9 million for the six months ended June 30, 2025 from $11.9 million for the six months ended June 30, 2024 while the revenue net of discontinued operation was $8.1 million, representing a decrease of 9.9%. The decrease in revenue was mainly due to the drop of both market demand and market prices of our products following the global economic downturn that has continuously impacted the home building and home renovation sectors. The outbreak of Chinese property sector crisis and US-China tariffs have further worsened the revenue in China.

Selling and distribution expenses. Selling and distribution expenses (excluded discontinued operation portion) decreased by approximately 26.2% from approximately $1.4 million for the six months ended June 30, 2024 to approximately $1 million for the six months ended June 30, 2025, which was primarily due to decrease in shipping costs, which aligned with the drop in revenue.

Administrative expenses. Administrative expenses (excluded discontinued operation portion) increased by approximately 53.8% from approximately $1 million for the six months ended June 30, 2024 to approximately $1.5 million for the six months ended June 30, 2025, which was primarily due to the increase in expense for the expansion of the product mix.

Income tax expenses / (credits). Income tax expense mainly due to tax provision or paid amount while credits were mainly due to over-provision in respect of prior years.

Profit for the period. Profit for the period was approximately $0.1 million for the six months ended June 30, 2025 while a loss incurred approximately $0.6 million for the six months ended June 30, 2024. The profit for the period was mainly due to the gain on disposal of discontinued operation.

Basic and diluted profit per share ("EPS"). Basic and diluted EPS were less than $0.01 per share and $0.01per share respectively for the six months ended June 30, 2025.

Subsequent events

• The board of directors of the Company was notified that Mr. SE Hok Pan, Easy Bliss Limited, Linking Stars Limited, More Choice Global Limited, Mr. CHAN Wing Luk and Mr. HUANG Qing Cai (collectively, the "Sellers") completed the transfer of an aggregate of 114,974,179 ordinary shares, representing approximately 86.82% of the Company's issued and outstanding ordinary shares, to TUTU Business Services Limited, Ms. LIANG Yanxia, Mr. LI Xianfeng, Ms. MIAO Huiping, Mr. WANG Lei and Mr. WANG Gang (collectively, the "Purchasers"), pursuant to a share purchase agreement dated October 22, 2025. The closing occurred immediately upon execution of the Share Purchase Agreement.
  
  
• On November 3, 2025, Mr. Hok Pan SE has resigned as Director and Chairman of the Board; Mr. Zhihua LIANG has resigned as Director and Senior Consultant; Mr. Kam Pang CHIM has resigned as Chief Financial Officer; and Mr. Hubei SONG has resigned as Chief Executive Officer.
  
  
• On November 3, 2025,Ms. Liying WANG, has been appointed as Director and Chief Executive Officer; Ms. Hong WANG, has been appointed as Director and Chief Financial Officer; and Mr. Zhilin CAI, has been appointed as Chief Strategy Officer.
  
  
• The Company's name is to be changed from "Nature Wood Group Limited" to "CL Workshop Group Limited" and the Company's foreign name is to be changed from "大自然林業集團有限公司" to "刺梨工坊公司". The Change has become effective on December 29, 2025.
  
  
• The maximum number of shares the Company is authorized to issue be changed to 8,000,000,000 ordinary shares each with a par value ofUS$0.001 divided into 7,520,000,000 Class A Ordinary Shares each with apar value US$0.001 and 480,000,000 Class B Ordinary Shares each with a par value of US$0.001. The Change has become effective on December 29, 2025.

The currently issued 132,425,321 Ordinary Shares be and are re-designated and re-classified into (i) 92,932,850 Class B Ordinary Shares with 50 votes per share at a general meeting of the Company or on any shareholders' resolutions and the other rights attached and (ii) 39,492,471 Class A Ordinary Shares with 1 vote per share at a general meeting of the Company or on any shareholders' resolutions and the other rights attached to it; the remaining authorized but unissued 7,867,574,679 Ordinary Shares be and are re-designated and re-classified into (i) 7,480,507,529 Class A Ordinary Shares on a one for one basis and (ii) 387,067,150 Class B Ordinary Shares on a one for one basis.

The Share Reorganization has become effective on December 29, 2025.

About CL Workshop Group Limited

We are a global leading vertically-integrated forestry company headquartered in Macau that focuses on FSC business operations. Our operations cover both up-stream forest management and harvesting, and down-stream wood-processing and distribution. We offer a broad line of products, including logs, decking, flooring, sawn timber, primarily through our worldwide network. In addition, we intend to capture the significant growth in the carbon market through carbon asset development, carbon trading and other related business by taking the advantage of our own concession rights reserves and professional FSC forest management team.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. 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 Company's registration statement and other filings with the SEC, which are available for review at www.sec.gov.

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SOURCE CL Workshop Group Limited

FAQ

What were CL Workshop Group (NWGL) revenues for the six months ended June 30, 2025?

CL Workshop Group reported revenue of approximately $8.9 million for the six months ended June 30, 2025.

How did NWGL's profit for H1 2025 compare to the prior period?

Profit for the period was approximately $0.1 million for H1 2025 versus a prior period loss reported for the comparable six months.

What major corporate changes did NWGL announce in late 2025?

NWGL completed a transfer of approximately 86.82% of issued shares, had board and executive changes on Nov 3, 2025, and changed its name effective Dec 29, 2025.

How did NWGL’s expenses change in H1 2025?

Administrative expenses increased by approximately 53.8%, while selling and distribution expenses decreased by approximately 26.2%.

Did NWGL report any new business initiatives that could affect future revenue?

The company said it is exploring carbon credit income and decorative plywood as new revenue streams.