Aureus Greenway Holdings Reports 14% Revenue Decline to $1.33 Million in Q1 2025

Aureus Greenway Holdings Inc. reported a total revenue of $1.33 million for the three months ended March 31, 2025, a decrease of 14% from $1.55 million in the same period last year. The decline was attributed to reduced income across all revenue streams, particularly in golf operations, which fell to $1.03 million from $1.22 million, driven by a 13% drop in one-time green fees and a 54% decrease in annual membership dues. The company’s net income also decreased by 19%, from $329,384 in Q1 2024 to $266,212 in Q1 2025, reflecting the impact of lower revenues despite a reduction in operating costs.

In terms of operational metrics, the company reported a decrease in the number of rounds played, with approximately 22,000 rounds in Q1 2025 compared to 23,000 in Q1 2024. The average price per round also fell by 8%, contributing to the overall revenue decline. Additionally, sales from food and beverage and merchandise also saw reductions of 8% and 13%, respectively, indicating a broader trend of decreased customer engagement during the quarter.

Aureus Greenway Holdings made significant strides in its financial position, particularly following its initial public offering (IPO) on February 13, 2025, which raised approximately $10.65 million in net proceeds. This influx of capital significantly bolstered the company's cash reserves, which increased to $8.32 million from $457,142 at the end of 2024. The company also reported a substantial reduction in current liabilities, which fell by 73% to $933,179, primarily due to the settlement of related party loans and bank borrowings.

Looking ahead, Aureus Greenway Holdings plans to focus on enhancing customer engagement and loyalty through renovations and marketing efforts aimed at attracting a broader demographic in the Orlando region. The company aims to increase revenue by improving the quality of its golfing experience and potentially expanding its portfolio through acquisitions. However, management acknowledged that the business remains sensitive to seasonal fluctuations and external economic conditions, including inflation, which could impact operational costs and customer spending in the future.