AB International Group Reports 87% Revenue Growth and Net Income Turnaround in Latest Filing

AB International Group Corp. reported significant financial developments in its latest 10-Q filing for the nine months ending May 31, 2025. The company achieved total revenue of $3.53 million, marking an increase of 87% compared to $1.89 million for the same period in 2024. The revenue growth was primarily driven by a substantial rise in copyright sales, which reached $2.06 million, up from $531,800 in the prior year. The company also reported a net income of $39,651, a notable turnaround from a net loss of $318,285 in the previous fiscal period.

The financial statements reveal substantial changes in the company's balance sheet. Total assets surged to $6.48 million as of May 31, 2025, compared to $2.35 million at the end of August 2024. This increase was largely attributed to a rise in intangible assets, which grew to $4.63 million from $370,924, reflecting the company's ongoing investment in intellectual property. Conversely, total liabilities also increased significantly to $3.89 million from $889,268, primarily due to a rise in loans from related parties, which escalated to $3.45 million.

Strategically, AB International Group has undergone notable organizational changes, including the sale of its proprietary broadcasting platform, ABQQ.tv, on January 27, 2025. Following this divestiture, the company entered into a partnership with a third-party platform to distribute its film and TV drama copyrights, which is expected to enhance its revenue-generating capabilities. The company continues to diversify its revenue streams, which now include licensing its NFT platform, consulting services, and theater admissions.

Operationally, the company has seen a significant increase in customer engagement metrics. The number of shares outstanding rose dramatically to 8.03 billion as of May 31, 2025, compared to 2.28 billion a year earlier, indicating increased investor interest. The company’s cash and cash equivalents also improved, ending the period at $95,516, up from $64,430. However, the accounts receivable decreased sharply to $110,295 from $624,572, suggesting a tighter collection process or changes in customer payment behavior.

Looking ahead, AB International Group expressed optimism about its growth trajectory, driven by its strategic focus on intellectual property and content distribution. The company aims to leverage its recent acquisitions and partnerships to expand its market presence and enhance profitability. Management indicated that they expect continued revenue growth as they capitalize on their diversified offerings and improve operational efficiencies.