Toppoint Holdings Inc. Reports Second Quarter 2025 Results; Import and Metal Expands

Rhea-AI Summary

Toppoint Holdings Inc. (NYSE American: TOPP) reported its Q2 2025 financial results, with revenue declining to $3.97 million compared to $4.70 million in Q2 2024. The company's waste paper segment remains dominant, contributing 52.5% of Q2 revenue and 63.8% of total loads.

Key segment performance includes: Paper revenue at $2.08M (-23.2% YoY), Import revenue at $1.23M (-16.2% YoY), and notably strong performance in Metal revenue at $467,353 (+38.0% YoY). The company established Topp Metals Inc. on June 4, 2025, to support growth in scrap metals logistics.

Year-to-date revenue reached $7.78 million, with total loads at 10,836 compared to 11,517 in the same period in 2024. The company continues to invest in fleet capacity and operational systems while maintaining cost discipline.

Positive

• Metal segment showed strong growth with +38.0% YoY revenue increase in Q2
• Import segment maintained positive YTD growth at +1.0%
• Strategic expansion with establishment of Topp Metals Inc.
• Continued investment in equipment and technology infrastructure
• Maintained solid balance sheet while investing in growth

Negative

• Overall Q2 revenue declined 15.5% YoY to $3.97M
• Core paper segment revenue dropped 23.2% YoY in Q2
• Total loads decreased from 11,517 to 10,836 YTD
• Plastic segment showed significant decline of 39.6% YoY in Q2

News Market Reaction

-8.48%

1 alert

-8.48% News Effect

-$4M Valuation Impact

$39M Market Cap

0.2x Rel. Volume

On the day this news was published, TOPP declined 8.48%, reflecting a notable negative market reaction. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $39M at that time.

Data tracked by StockTitan Argus on the day of publication.

Waste paper remains the largest revenue and volume driver; imports and metals continue to scale

North Wales, PA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (NYSE American: TOPP) (“Toppoint” or the “Company”), a truckload services and logistics provider focused on the recycling export supply chain, today announced financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 Highlights

• Revenue: $3.97 million (Q2’25) vs. $4.70 million (Q2’24).
• Commodity momentum: metals grew strongly year-over-year; imports remained a core contributor with year-to-date growth.
  

“Waste paper remains a deep rooted revenue stream of our Company by both revenue and loads,” said Hok C. Chan, Chief Executive Officer. “In Q2, paper contributed more than half of total revenue and roughly two‑thirds of loads. We continue to prioritize service reliability, turn times, and lane density of the ports to enable growth of our export customers while we scale imports and metals.”

“Imports and metals continued to build share, and add revenue throughout the route. We maintained a disciplined cost posture,” added John Feliciano III, Chief Financial Officer. “The balance sheet remains solid, and we are investing in equipment and technology to support execution in our core commodities.”

Waste Paper Focus

Paper revenue was $2,082,560 in Q2’25 (-23.2% YoY) and $4,670,575 year‑to‑date (-14.4% YoY). Paper represented 52.5% of Q2 revenue and 60.0% year‑to‑date. On a volume basis, waste paper accounted for approximately 6,915 loads in the first half of 2025, or 63.8% of total loads.

Commodity Detail (Q2 and Year-to-Date)

• Paper: $2,082,560 in Q2’25 (-23.2% YoY), mix 52.5% — $4,670,575 YTD (-14.4% YoY), mix 60.0%.
• Import: $1,231,751 in Q2’25 (-16.2% YoY), mix 31.0% — $2,102,465 YTD (+1.0% YoY), mix 27.0%.
• Metal: $467,353 in Q2’25 (+38.0% YoY), mix 11.8% — $680,996 YTD (+23.8% YoY), mix 8.8%.
• Log: $130,605 in Q2’25 (+53.5% YoY), mix 3.3% — $214,053 YTD (+32.7% YoY), mix 2.8%.
• Plastic: $56,655 in Q2’25 (-39.6% YoY), mix 1.4% — $112,445 YTD (-37.1% YoY), mix 1.4%.

Mix & Volume Metrics (Year-to-Date)

Loads: 10,836 in the first half of 2025 vs. 11,517 in same period in 2024. Mix by category (YTD25): Waste paper 63.8%, Import 25.6%, Metal 7.5%, Plastic 1.3%, Forestry 1.8%.

Strategic & Operational Updates

• Metals platform: Topp Metals Inc. established on June 4, 2025 to support growth opportunities in scrap metals logistics.
• Equipment & technology: Continued investments to enhance fleet capacity and operational systems to serve core commodities.

Second Quarter & Year-to-Date Results

Q2 revenue was $3.97 million; the year-over-year comparison reflects normalization from 2024’s atypical Q2 environment. Year-to-date revenue was $7.78 million vs. $8.43 million in the prior year.

About Toppoint

Toppoint provides truckload services and logistics solutions focused on the recycling export supply chain, serving regional markets anchored by the Ports of Newark, NJ and Philadelphia, PA, with additional activity in Tampa and Miami, FL. The Company’s commodity portfolio includes waste paper, scrap metal, logs, plastic, and import containers.  For additional information, please go to https://toppointtrucking.com/.

Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws. 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 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. 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 filings with the Securities and Exchange Commission available at www.sec.gov.

Investor Contact

Toppoint Holdings Inc.

1250 Kenas Road, North Wales, PA 19454

Tel: (551) 866-1320

FAQ

What was Toppoint Holdings (TOPP) revenue in Q2 2025?

Toppoint Holdings reported Q2 2025 revenue of $3.97 million, down from $4.70 million in Q2 2024.

How much of Toppoint's (TOPP) revenue comes from waste paper?

Waste paper contributed 52.5% of Q2 2025 revenue ($2.08 million) and represented 63.8% of total loads.

What was the performance of TOPP's metal segment in Q2 2025?

TOPP's metal segment revenue grew 38.0% year-over-year to $467,353 in Q2 2025, representing 11.8% of total revenue.

When did Toppoint Holdings establish Topp Metals Inc.?

Toppoint Holdings established Topp Metals Inc. on June 4, 2025 to support growth opportunities in scrap metals logistics.

What is the year-to-date revenue for Toppoint Holdings in 2025?

Toppoint Holdings reported year-to-date revenue of $7.78 million compared to $8.43 million in the prior year.