JIANGYIN, China, Nov. 07, 2025 (GLOBE NEWSWIRE) — Li Bang International Corporation Inc. (“Li Bang International”) and its subsidiaries (collectively, the “Company,” “we,” “us,” “our company,” or “Li Bang”) (NASDAQ:LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its audited financial results for the fiscal year ended June 30, 2025.
Highlights for Fiscal Year Ended June 30, 2025
Total revenue increased 2.9% to approximately $11.1 million for the year ended June 30, 2025 from approximately $10.8 million for fiscal year 2024.
Gross profit increased 4.1% to approximately $3.2 million for the year ended June 30, 2025, compared to approximately $2.7 million for fiscal year 2024. Gross margin improved by 4.1 percentage points, to 29.2% for the year ended June 30, 2025, from 25.1% for fiscal year 2024.
Net loss was kept being narrowed to approximately $1.0 million for fiscal year 2025 from approximately $1.4 million in 2024.
Mr. Huang Feng, Chief Executive Officer and Chairman of Li Bang, commented: “We made measurable progress for the year ended June 30, 2025 versus the prior year. Total revenue increased by 2.9% to $11.1 million, gross profit grew to $3.2 million and gross margin also expanded to 29.2% from 25.1%, all contributing to a narrowed net loss of approximately $1.0 million, a 26.1% improvement year over year.”
“Against the industry backdrop of softer raw‑material costs and continued demand variability in project-based markets, the Company has benefited from both input-cost tailwinds and disciplined pricing. Past investments in regional expansion and channel testing informed a leaner marketing approach in 2025, and improved collections have reduced provisioning pressure. The Company remains mindful that market cycles, stainless‑steel pricing and end‑market demand will influence near‑term performance.”
“Looking ahead, we will prioritize sustainable revenue growth, margin protection and liquidity. The Company will pursue customer and geographic diversification to increase higher‑margin project sales, secure supplier terms to mitigate raw‑material volatility, and scale the retail channel selectively. Li Bang is also actively looking for acquisition opportunities across upstream and downstream sectors and expects to make progress within the next six months, with timely updates to the market. Meanwhile we will manage discretionary spend and focus on converting backlog into cash to support operations and corporate development.”
Audited Financial Results for Fiscal Years Ended June 30, 2025 and 2024
2025
2024
Variance
In USD million except percentages, differences due to rounding.
Amount
% of
revenue
Amount
% of
revenue
%
Revenues
$
11.1
100.0
%
$
10.8
100.0
%
2.9
%
Cost of revenues
(7.9
)
(70.8
)%
(8.1
)
(74.9
)%
(2.8
)%
Gross profit
3.2
29.2
%
2.7
25.1
%
20.0
%
Total operating expenses
4.6
41.5
%
4.4
40.9
%
4.1
%
Loss from operations
(1.4
)
(12.3
)%
(1.7
)
(15.8
)%
(21.0
)%
Net loss attributable to ordinary shareholders
$
(1.0
)
(9.2
)%
(1.4
)
(12.7
)%
(26.1
)%
Revenues
Total revenue increased by $312,063, or 2.9% to approximately $11.1 million for the year ended June 30, 2025 from approximately $10.8 million for fiscal year 2024. The increase was attributable to the increase in the revenue from project sales and retail sales.
Revenues from project sales increased by $219,298 or 2.1% to approximately $10.6 million for the year ended June 30, 2025 from approximately $10.4 million for fiscal year 2024. The increase was primarily due to the increase in average project price.
Revenues from retail sales increased by $92,765 or 25.2% to approximately $0.5 million for the year ended June 30, 2025 from approximately $0.4 million for fiscal year 2024. The change in retail revenues is due primarily to 19 more retail orders completed in the year ended June 30, 2025 compared to fiscal year 2024.
Cost of Revenues
Total cost of revenues was approximately $7.9 million for the year ended June 30, 2025, compared to approximately $8.1 million for fiscal year 2024.
Cost of project sales decreased by $299,915, or 3.8%, to approximately $7.5 million for the year ended June 30, 2025 from approximately $7.8 million for fiscal year 2024. The decrease was due primarily to the decrease in nthe prices of raw materials. The highest unit price of main materials (stainless steel) decreased by 8.3% in fiscal year 2025.
Cost of retail sales increased by $71,137 or 26.2% to approximately $0.3 million for the year ended June 30, 2025 from approximately $0.27 for fiscal year 2024. The increase was due mainly to the increase in the completion and delivery of retail projects in fiscal year 2025.
Gross Profit
Gross profit was approximately $3.2 million for the year ended June 30, 2025, an increase of $540,841 from approximately $2.7 million for fiscal year 2024. Gross margin increased by 4.1%, to 29.2% for the year ended June 30, 2025, from 25.1% for fiscal year 2024.
Gross profit for project sales increased by $519,213 to approximately $3.1 million for the year ended June 30, 2025, as compared to approximately $2.6 million for fiscal year 2024. The increase was due to higher average project price in couple with lower cost of main materials (stainless steel) in the year ended June 30, 2025.
Gross profit for retail sales increased to $118,222 for the year ended June 30, 2025 from $96,594 for fiscal year 2024.
The Company expect to expand market, develop new customers, and enhance operational efficiency to improve gross margin.
Operating Expenses
Operating expenses were approximately $4.6 million for the year ended June 30, 2025, compared to approximately $4.4 million for fiscal year 2024.
Selling expenses decreased by 10.7% to approximately $0.7 million for the year ended June 30, 2025, down from approximately $0.8 million in fiscal year 2024, primarily due to reduced market expansion costs following expansion into new regions in the previous year as the Company refined its marketing strategy in fiscal year 2025.
General and administrative expenses increased by 14.3% to approximately $2.9 million, up from approximately $2.5 million in fiscal year 2024, mainly due to higher consulting fees, partially offset by decreased depreciation expenses. The Company anticipates further increases in these expenses post-IPO.
The provision for expected credit losses decreased by 8.2% to approximately $1.0 million, down from approximately $1.1 million in fiscal year 2024, driven by favorable collection experience.
Other Income, Net
Other income, net increased by $131,331, or 22.4%, to approximately $0.7 million for the year ended June 30, 2025, from approximately $0.6 million for fiscal year 2024. The increase was mainly due to increase in government subsidies and in interest income from fixed deposits and loan receivable, which was partially offset by decrease in consulting service revenue.
Net Loss
Net loss attributable to the Company’s ordinary shareholders decreased by $357,566, or 26.1% from approximately 1.4 million for the year ended June 30, 2024, to $1.0 million for the year ended June 30, 2025.
Balance Sheet
As of June 30, 2025 the Company had cash of $933,826, compared to $153,914 as of June 30, 2024.
About Li Bang International Corporation Inc.
Li Bang International Corporation Inc. (NASDAQ:LBGJ) specializes in the development, production, and sale of stainless-steel commercial kitchen equipment under its own “Li Bang” brand in China. In addition to its product offerings, the Company provides comprehensive services from early-stage design of commercial kitchen appliances to equipment installation and after-sales maintenance. Committed to innovation and high-quality, the Company uses modern production facilities and mature procedures and strives to become a first-class commercial kitchen appliance manufacturer in China. The Company’s long-term vision is to establish itself as a household name, synonymous with the products it manufactures. For more information, please visit the company’s website at https://ir.libangco.cn.
Forward Looking Statements
Certain statements in this announcement constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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”, “could”, “will”, “should”, “would”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “project” or “continue” or the negative of these terms or other comparable terminology. 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 financial results filings with the U.S. Securities and Exchange Commission.
CONTACTS
Li Bang International Corporation Inc.
Investor Relations Department
Email: guanli@libangco.cn
WFS Investor Relations
Email: services@wealthfsllc.com
Phone: +1 628 283 9214
LI BANG INTERNATIONAL CORPORATION INC.
CONSOLIDATED BALANCE SHEETS
As of June 30,
2025
2024
ASSETS
Current Assets:
Cash
$
933,826
$
153,914
Restricted cash
145,739
80,293
Fixed deposits
2,654,150
–
Accounts receivable, net
12,280,554
12,286,665
Notes receivable
29,544
172,348
Advances to suppliers, net
781,590
991,518
Inventories
1,513,758
1,750,369
Loans receivable
1,000,000
–
Prepaid expenses and other current assets, net
600,927
283,061
Total current assets
19,940,088
15,718,168
Non-current assets:
Fixed deposits
–
2,665,993
Non-current accounts receivable
517,810
670,146
Non-current loans receivable
3,515,050
–
Prepayment for land use rights
–
1,403,154
Deferred offering costs
–
588,013
Property and equipment, net
2,633,046
2,790,891
Intangible assets, net
522,560
539,925
Deferred tax assets, net
690,158
533,345
Other non-current assets
15,779
169,933
Total non-current assets
7,894,403
9,361,400
Total Assets
$
27,834,491
$
25,079,568
LIABILITIES AND EQUITY
Current Liabilities:
Short-term loans
$
7,501,467
$
6,857,415
Accounts payable
4,075,878
4,694,905
Advances from customers
926,830
1,027,164
Taxes payable
3,268,416
3,273,227
Due to related parties
210,490
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