AB International Group Corp. reported significant financial improvements in its latest 10-Q filing for the six months ending February 28, 2025. The company achieved total revenue of $1.68 million, a 42% increase from $1.19 million in the same period last year. This growth was driven by increased sales in copyrights, which rose to $709,028 from $657,289, and related party licensing, which generated $285,000 compared to $228,000 previously. The company also reported a net income of $164,895, a notable turnaround from a net loss of $451,319 in the prior year.
The financial position of AB International Group has also strengthened, with total assets increasing to $2.92 million as of February 28, 2025, up from $2.35 million at the end of August 2024. This growth was primarily attributed to a substantial rise in intangible assets, which surged to $976,231 from $370,924, reflecting the company's ongoing investment in intellectual property. Additionally, cash and cash equivalents more than doubled to $135,873 from $64,430, indicating improved liquidity.
Strategically, the company has undergone significant changes, including the sale of its proprietary broadcasting platform, ABQQ.tv, on January 27, 2025. Following this divestiture, AB International Group entered into a partnership with a third-party platform to broadcast its film and TV drama copyrights, which is expected to enhance its distribution capabilities. The company has also expanded its common stock base, increasing shares outstanding to 4.28 billion from 2.28 billion, which may provide additional capital for future growth initiatives.
Operationally, AB International Group has seen a rise in customer engagement, with notable increases in revenue streams such as embedded marketing services and theater admissions. The company reported $284,828 in revenue from embedded marketing services, a significant increase from the previous year, while theater admissions generated $56,103, compared to $77,518 in the prior year. The company’s employee headcount remains stable, supporting its operational needs as it navigates these strategic changes.
Looking ahead, AB International Group remains optimistic about its growth trajectory. The company plans to continue leveraging its intellectual property assets and expanding its market presence through strategic partnerships and acquisitions. Management expressed confidence that the recent operational changes and revenue growth will position the company favorably for future profitability and market share expansion.
About AB INTERNATIONAL GROUP CORP.
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