Welcome to our dedicated page for JBDI Holdings SEC filings (Ticker: JBDI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to U.S. Securities and Exchange Commission filings for JBDI Holdings Limited (NASDAQ: JBDI), a Cayman Islands–incorporated foreign private issuer focused on reconditioning, revitalization, and recycling of drums and related containers in Singapore and Southeast Asia. As a foreign private issuer, JBDI files reports such as Form 20-F and Form 6-K under the Securities Exchange Act of 1934.
Through these filings, readers can review JBDI’s detailed financial statements, notes, and management discussions that describe its revenue mix from sales of reconditioned containers, new containers, reconditioning services, and recycled materials and services. Filings also outline the company’s geographic revenue distribution across Singapore, Indonesia, and Malaysia/other markets, as well as disclosures about market conditions affecting demand for its products and services.
JBDI’s SEC submissions additionally cover corporate governance and shareholder matters. For example, a Form 6-K describes the results of an annual general meeting, including director elections and the ratification of YCM CPA Inc. as the independent registered public accounting firm for a fiscal year, along with the related dismissal of the prior auditor. Other filings and exhibits may address topics such as the company’s initial public offering on the Nasdaq Capital Market, share repurchase authorizations, and changes in auditor engagement.
Regulatory filings also document JBDI’s interactions with Nasdaq listing requirements. The company reports receiving and responding to Nasdaq notices regarding minimum bid price compliance and periodic filing obligations, and it uses SEC filings to furnish interim financial statements and other information relevant to these matters.
On Stock Titan, JBDI’s SEC filings are paired with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly identify important information in annual reports, interim updates, and other regulatory disclosures.
JBDI Holdings Limited reported unaudited results for the six months ended November 30, 2025. Revenue fell about 8.1% to approximately $4.1 million from $4.4 million a year earlier, mainly due to weaker demand for reconditioned containers in Singapore, Malaysia and other countries.
Despite lower sales, gross profit held steady at about $3.0 million and gross margin improved to 73.9% from 68.1%, helped by a 21.4% reduction in cost of revenue. General and administrative expenses dropped sharply to approximately $2.9 million from $4.6 million, largely reflecting the absence of one-time IPO-related professional fees. Net income was approximately $0.2 million, compared with a net loss of about $1.6 million in the prior-year period, and basic and diluted earnings per share were $0.01 versus a loss of $0.08.
Operating cash flow improved to an inflow of about $0.4 million from an outflow of $1.6 million, and cash and cash equivalents ended at roughly $2.2 million. Bank borrowings decreased to $34,000, while the company spent about $0.2 million on share repurchases. After period-end, JBDI received a Nasdaq notice that its shares no longer meet the $1 minimum bid requirement and was granted 180 days, until July 6, 2026, to regain compliance.
JBDI Holdings filed its annual report (Form 20‑F) for the year ended May 31, 2025. The company reported 19,254,471 Ordinary Shares outstanding as of May 31, 2025. As of the date of the report, it also noted 19,029,064 Ordinary Shares issued and outstanding; this is a baseline figure, not the amount being offered.
Recent events included an auditor change on June 13, 2025 to YCM CPA INC., and the resolution of two Nasdaq matters. JBDI received and then cured a deficiency related to interim financials, regaining compliance on June 9, 2025. It also regained compliance with the $1.00 bid price rule on June 3, 2025. The company completed its IPO on August 28, 2024, selling 1,750,000 shares at $5.00 each for approximately $6.7 million in net proceeds.
Operationally, over 80% of revenue came from Singapore in fiscal 2025 and 2024. Sales from the top five customers were 26.5% of revenue in 2025; the largest customer contributed about $1.3 million (14.9%). Average accounts receivable turnover was 72 days in 2025, reflecting credit exposure typical for its industry.
JBDI Holdings reported the results of its May 2, 2025 annual general meeting where shareholders overwhelmingly re-elected the board nominees and ratified its new auditor. Each director nominee received greater than 99.6% of votes cast; vote counts ranged from 10,564,662 to 10,625,320 in favor with withheld votes generally around 31,000 or fewer, representing roughly 0.29%–0.30% withheld.
The shareholders also ratified YCM CPA INC. as the independent registered public accounting firm for the fiscal year ended May 31, 2025, receiving 10,620,613 votes in favor (about 99.66%); there were 26,300 votes against and 9,412 abstentions. The company dismissed Onestop Assurance PAC as its prior auditor; Onestop’s prior audit report for the fiscal year ended May 31, 2024 was unqualified and Onestop reported no disagreements and no reportable events prior to dismissal.