Latest news with #fiscalyear2025
Globe and Mail
30-06-2025
- Business
- Globe and Mail
Goldmoney Inc. Reports Fiscal Year 2025 Annual Results and Publishes Annual Letter to Shareholders
Tortola, British Virgin Islands--(Newsfile Corp. - June 30, 2025) - Goldmoney Inc. (TSX: XAU) (US: XAUMF) ("Goldmoney" or the "Company"), today announced financial results for the fiscal year ended March 31, 2025. All amounts are expressed in Canadian dollars unless otherwise noted. Financial Highlights Group Tangible Capital of $150 million, an increase of 19% YoY. Group Tangible Capital per Share of $11.61, an increase of 21% YoY. Group Tangible Capital per Share excluding MENE of $10.63, an increase of 32% YoY. Non-IFRS Adjusted Net Income of $22.6 million, an increase of 35% YoY. Repurchased and cancelled total of 569,800 shares at an average purchase price of $8.41 in fiscal year 2025. In total, shares outstanding were reduced by 1.6% YoY. Annual Performance Metrics Table ($000s, except earnings per share) 2025 2024 2023 2022 2021 Key Performance Metrics (Balance Sheet) Shares outstanding 12,925 13,137 13,996 15,126 15,118 Tangible equity exclusive of MENE 137,337 105,457 107,599 100,032 90,830 Tangible equity per share exclusive of MENE 10.63 8.03 7.69 6.61 6.01 Total assets 341,916 244,092 228,222 233,814 190,218 Total liabilities 178,939 102,914 56,099 58,878 82,047 Key Performance Metrics (Operational) Total operating income 34,370 24,409 21,508 13,179 16,094 Net income (loss) 14,570 (22,087) 5,345 (7,228) 9,815 Non-IFRS adjusted net income (loss) 22,559 16,749 14,552 7,242 14,081 Annual Shareholder Letter Read the full Goldmoney Inc. Fiscal Year 2025 Shareholder Letter here. About Goldmoney Inc. Goldmoney Inc. (TSX: XAU) specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewelry manufacturing. For more information about Goldmoney, visit Financial Information and IFRS Standards The selected financial information included in this release is qualified in its entirety by, and should be read together with, the Company's consolidated financial statements for the fiscal year ended March 31, 2025 and prepared in accordance with IFRS Accounting Standards ("IFRS") and the corresponding management's discussion and analysis ("MD&A"), which are available under the Company's profile on SEDAR at Non-IFRS Measures This news release contains non-IFRS financial measures; the Company believes that these measures provide investors with useful supplemental information about the financial performance of its business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating its business. Although management believes these financial measures are important in evaluating the Company's performance, they are not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures do not have any standardized meaning and may not be comparable with similar measures used by other companies. For certain non-IFRS financial measures, there are no directly comparable amounts under IFRS. These non-IFRS financial measures should not be viewed as alternatives to measures of financial performance determined in accordance with IFRS. Moreover, presentation of certain of these measures is provided for year-over-year comparison purposes, and investors should be cautioned that the effect of the adjustments thereto provided herein have an actual effect on the Company's operating results. Tangible Capital is a non-IFRS measure. This figure excludes from total shareholder equity (i) intangibles, and (ii) goodwill, and is useful to demonstrate the tangible capital employed by the business. Non-IFRS Adjusted Net Income is a non-IFRS measure, defined as total comprehensive income (loss) adjusted for non-cash and non-core items which include, but is not limited to, revaluation of precious metal inventories, fair value movements, stock-based compensation, depreciation and amortization, foreign exchange fluctuations and gains and losses on investments. For a full reconciliation of non-IFRS financial measures used herein to their nearest IFRS equivalents, please see the section entitled "Reconciliation of Non-IFRS Financial Measures" in the Company's MD&A for the year ended March 31, 2025. Media and Investor Relations inquiries: Sean Ty Chief Financial Officer Goldmoney Inc. +1 647 250 7098 Forward-Looking Statements This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof. Forward-looking information in this release includes, but is not limited to, statements with respect to: financial performance and growth of the Company's business; expected results of operations, the market for the Company's products and services and competitive conditions; and the establishment of a real estate investment strategy. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; the ability to identify and complete the acquisition of suitable real estate investment opportunities on terms which are economic or at all; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR+. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.
Arab News
29-06-2025
- Business
- Arab News
Pakistan okays 50 percent increase in fixed gas charges for domestic consumers
ISLAMABAD: The Pakistani government has revised gas prices for the fiscal year 2025-26 and okayed a 50 percent increase in fixed charges for domestic consumers, effective from July 1, the Oil and Gas Regulatory Authority (OGRA) announced on Sunday. The development comes days after the federal cabinet's Economic Coordination Committee (ECC) approved the hike in fixed gas charges for domestic users and to shift the partial burden to bulk consumers, like the power sector and industry. 'Protected category to pay a fixed charge of Rs600 and meter rent of Rs40,' an OGRA notification said on Sunday. 'Non-protected category to pay a fixed charge of Rs1,500, up to 1.5hm³ (cubic hectometers), while Rs3,000 for exceeding consumption of 1.5hm³ and meter rent of Rs40.' While the government has increased the fixed charges, the sale prices of gas for both protected and non-protected consumers remain unchanged, according to the notification. The government also kept prices for tandoors commercial units, compressed natural gas and ice factories unchanged, but increased the rates for general industries, power stations and independent power producers. The move aligns with structural benchmarks agreed with the International Monetary Fund (IMF), including rationalization of captive power tariffs and a shift from subsidies to direct, targeted support for low-income consumers.
Zawya
18-06-2025
- Business
- Zawya
Parliament gives final approval for Egypt's FY2025/26 economic, social development plan
Arab Finance: The House of Representatives has officially approved the draft economic and social development plan for fiscal year (FY) 2025/2026 in a plenary session chaired by Hanafi Gebaly, as per a statement by the Egyptian cabinet on June 17th. The session was attended by the Minister of Planning and Economic Development, and International Cooperation Rania Al-Mashat. In her remarks following the approval, Al-Mashat expressed appreciation for the continued support of Parliament, emphasizing the importance of ongoing cooperation to advance Egypt's national interests. She noted that the plan was developed under difficult circumstances, which have since become more complex due to escalating regional developments. These changes necessitate a flexible and responsive planning approach, with the government committed to regularly reviewing performance indicators in light of shifting realities, she said. The FY 2025/2026 development plan targets an economic growth rate of approximately 4.5%, a significant increase compared to the 2.4% recorded in FY 2023/2024. The higher target reflects efforts to sustain economic recovery while managing the uncertainty stemming from geopolitical and global economic conditions. Preliminary indicators from the first nine months of the current FY 2024/2025 show improved growth trends, providing momentum for the upcoming year. The plan includes public investments amounting to EGP 1.16 trillion, compared to an expected EGP 1 trillion in FY 2024/2025. This increase is framed within efforts to rationalize public spending, reduce the burden of debt servicing, and create more space for private sector engagement in development. Private investments are projected to reach approximately EGP 1.94 trillion in FY 2025/2026, representing about 63% of total planned investments, while public investments account for 37%. The plan gives priority to high-implementation projects that support sustainable economic goals and encourage broader private sector participation. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
17-05-2025
- Business
- Yahoo
Q3 2025 Armlogi Holding Corp Earnings Call
Matthew Abenante; Investor Relations; Armlogi Holding Corp Aidy Chou; Chairman of the Board, President, Chief Executive Officer; Armlogi Holding Corp Scott Hsu; Chief Financial Officer; Armlogi Holding Corp Operator Thank you for standing by, and welcome to the Armlogi Holding Corp's third quarter and first nine months of fiscal year 2025 earnings call. Please note that today's call is being recorded. I will now turn the meeting over to Matthew Abenante, Investor Relations for Armlogi Holding Corp. Matthew Abenante Thank you, and thanks to everyone joining us today for Armlogi's earnings conference call to discuss the third quarter and first nine months of fiscal year 2025 results. Please note that our earnings press release was issued on Wednesday, along with our quarterly report on Form 10-Q, which was also filed with the Securities and Exchange Commission. Both are available in the Investor Relations section of our website at Joining us on the call today is Scott Hsu, Chief Financial Officer of the company. The format of our call will consist of brief comments, followed by a question-and-answer session addressing the questions that were submitted by investors. We thank everyone for submitting these questions. Before we get started, I'm going to review the Safe Harbor statement. Please note that today's discussion will contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to the future events or our future performance, including our financial performance and projections, our growth in revenue and earnings and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use the terminology such as may, should, expects, anticipates, contemplates, estimates intends, believes, plans, projected, predicts, potential or hopes or the negative of these or similar terms. Evaluating these forward-looking statements, you should consider various factors, including our ability to change the direction of the company, our ability to keep pace with new technology and changing market needs, and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statements. Forward-looking statements are only predictions. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of uncertainties or assumptions. The forward-looking statements discussed on this call and other statements made from time to time by us or our representatives may not occur, and actual results and results -- actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. And with that, I would like to hand the call to Scott Hsu, Chief Financial Officer of Armlogi. Good morning, Scott. Aidy Chou Good morning, Matt, and thank you, everyone for joining us today. Our Chairman and CEO, Aidy Chou, is unfortunately away raising company business today and (inaudible) regards. This quarter, we continue to see revenue growth, reflecting the sustained demand for our comprehensive logistics solutions. A particularly significant and encouraging development is the recent success in US-China trade talks. As many of you know, this has resulted in a substantial reduction in tariff fees, and we believe this will have a positive impact on our sectors and for our margins specifically. We will touch on it more throughout the call. Our third quarter and nine-month results reflects a period of continued revenue growth, which underscores the ongoing demand for our logistics solutions. However, we also faced significant operational investments and the market-related cost pressure that impact our profitability. We are diligently working to optimize our expanded warehouse footprint and enhance operational efficiency across all our service lines. A significant and encouraging development is the recent success in US-China trade talks, which has resulted in a substantial reduction in tariff fees. This is a major point of optimism for Armlogi and the broader logistics sector. We anticipate that these positive trade developments will help alleviate some of the cost pressures we have been experiencing and create more favorable operating environment, while we maintain a cautious approach in our overall planning, prioritizing sustainable growth, and improved profitability. The resolutions in trade tensions allow us to look forward with greater confidence. Our commitment to leveraging technology and providing comprehensive supply chain solutions for our clients remain steadfast as we navigate the evolving economic landscape and position Armlogi to capitalize on these new opportunities for future success. Now let's turn to our financial performance for the third quarter and the first nine months of the fiscal year 2025. As a reminder, for a detailed breakdown of our financial results, I encourage you to refer to our earnings press release and our Form 10-Q, both of which are available on our Investor Relations website. My comments here will provide a high-level overview. Third quarter ended March 31, 2025, we saw continued top line momentum with total revenue reaching $45.8 million, an increase of 19.3% compared to the same period last year. This growth reflects the continued demand for our services. Cost of sales for the quarter were $45.6 million. As we have discussed, these costs were higher primarily due to operational investments and the expansion of our footprint. This impacted our overall gross profit, which was $0.28 million for the quarter. We are actively implementing measures to improve efficiency and profitability, and we anticipate that the recent positive developments in US-China trade relations may contribute to alleviating some of these cost pressures in the future. General and administrative expenses were $4.47 million, reflecting investments to support our growing operations. This resulted in a loss from operations of $4.19 million for the third quarter. Our net loss for this quarter was $3.76 million or $0.09 per basic and diluted share. Looking at the nine-month period ended March 31, 2025, total revenue grew 14.6% to $139.5 million, again, underscoring the sustained demand for our comprehensive logistics solutions. Cost of sales of the nine months were $142.3 million. This resulted in a gross loss of $2.85 million for the period. We are focused on strategic initiatives to address the margin challenges. And as mentioned, the recent positive developments in US-China trade discussion are expected to contribute favorably to mitigating some of these cost pressures going forward. General and administrative expenses for the nine months were $10.8 million. The loss from operations for the nine-month period was $13.65 million and our net loss was $10.06 million or $0.24 per basic and diluted share. We are managing our balance sheet prudently and focus on initiatives to improve our profitability as we move forward, especially in light of the more favorable trade environment we anticipate. Looking ahead, we are navigating a dynamic market environment while evolving the global trade policies and the inflationary pressures have certainly present ongoing challenges. The recent successful conclusion of US-China trade talks marks a significant positive development. This breakthrough resulting in reduced tariffs is expected to create a more favorable operating landscape for the logistics sector and importantly, for Armlogi. We are proactively working to optimize our operations, managing costs and enhance our service delivery. We anticipate that this improved trade relations will contribute to alleviating some of the cost pressures we have experienced. The full impact of the macroeconomic shifts will unfold over time, we are cautiously optimistic. Our focus remains squarely on leveraging our expanding infrastructure and our technological capabilities to drive long-term value for you, our shareholders. We are committed to improving our profitability, and we will continue to make strategic investments to support sustainable growth and strengthen our market position, now with a more positive backdrop for international trade. In summary, while we have navigated some headwinds, we have continued to grow our revenue demonstrating the underlying demand for our services. We are proactively managing costs and are particularly encouraged by the significant positive development in US-China trade relations, which we believe will benefit our operation and industry at large. We remain confident to enlarge strategy, our dedicating and our ability to create value in the evolving global logistics landscape. I want to sincerely thank our shareholders for their continued support and trust in Armlogi. With that comprehensive financial overview, I will turn it back to Matt for questions. Matthew Abenante Thank you, Scott. We will now move to the question-and-answer portion of the call. Thank you to everyone who has submitted questions. Our first question, despite cost pressures, the company is continuing to show revenue growth. Could you elaborate on the key drivers behind the sustained demand for Armlogi services and how the company is working to improve profitability moving forward? Scott Hsu That's an excellent question. The continued revenue growth of 19.3% for the quarter and 14.6% for the nine months, truly underscores the essential nature of our comprehensive logistics solutions and the strong relationship we have with our clients. The demand is driven by the ongoing needs of cross-border e-commerce and the value we provide in managing complex supply chains. Regarding profitability, we are very focused on optimizing our expanded operational footprint, enhancing efficiencies through technology and diligently managing our costs. Furthermore, as we discussed, the recent positive development in US-China trade relations with reduced tariff fees are expected to alleviate some of the external cost pressures, which should contribute favorably to our margin improvement effort over time. We are confident in our strategic initiatives to navigate the current environment and enhance shareholder value. Thank you. Matthew Abenante The recent success in US-China trade talk seems to be a significant positive. Can you provide a bit more color on how specifically Armlogi is positioned to benefit from this improved trade environment? Scott Hsu Certainly, the successful US-China trade talks and the resulting tariff reductions are indeed very encouraging news for the entire logistics sector and particularly for a company like Armlogi, that facilitate transpacific trade. Specifically, we anticipate several benefits. Firstly, reduced tariffs can lower the lending cost of goods for our customers, potentially stimulating higher trade volumes. Secondly, it reduced a significant element of uncertainty that has been impacting planning and investment for many business, which can lead to more stable and predictable demand for our services. Thirdly, it may ease some of the direct and indirect cost pressures we have seen in the supply chain. We are well positioned with our extensive warehouse network and the comprehensive service offering to support our clients as they capitalize on this more favorable trade environment. We have already begun factoring this into our strategic planning to maximize these emerging opportunities. Matthew Abenante Considering the dynamic market and the recent positive trade news, how does Armlogi view its long-term strategic positioning and its ability to capture future growth opportunities? Scott Hsu Yes, we are very confident in our long-term strategic positioning. Armlogi has built a robust infrastructure with a significant warehouse footprint in key US locations, offering a comprehensive suite of logistics services. This allow us to be a one-stop solution for many of our clients, particularly in the cross-border e-commerce space. The recent positive developments in US-China trade talks further strengthen our outlook, creating a more stable and potentially expensive market. Our strategy remains focused on leveraging our core strength, our infrastructure, our technology, our experienced team and our customer-centric approach. We will continue to make prudent investments to support sustainable growth, enhance our service capabilities and expand our market reach. We believe we are well equipped to navigate the evolving landscape and capitalize on the growth opportunity ahead. Matthew Abenante Thank you. And with that, that's our last question. And so I want to thank everyone for participating on today's call. We look forward to providing additional updates in the near future. In the meantime, we can be reached at info@ or you can contact me at matthew@ Operator Ladies and gentlemen, that does conclude our conference today. Thank you for your participation. You may now disconnect. Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
City to hold 2025-2026 budget work sessions
The City of Lebanon will be holding work sessions to review the proposed budget for the 2025-2026 fiscal year. Each meeting will be at the Town Meeting Hall at the City of Lebanon Administration Building at 200 N. Castle Heights Ave. The first of the work sessions will be Thursday, May 22, from 4 p.m. to 7 p.m. Parks & Recreation, the Jimmy Floyd Family Center, MIS, Legal, Human Resources and Risk Management and Police Departments as well as the Lebanon Senior Citizens Center and Mayor & Council, Judicial budgets will be discussed. Each department budget discussion is scheduled to last between 15 and 30 minutes. The next work session is Wednesday, May 28, from 5 p.m. to 7:15 p.m., where the Economic Development, Fire, Engineering and Public Services Departments budgets will be discussed. The last scheduled work session will be Thursday, May 29, from 5 p.m. to 7 p.m., where the Utilities and Finance Departments are the last to see budget reviews.
