KEEMO Fashion Group Limited has reported its financial results for the three and nine months ended April 30, 2025, revealing a mixed performance compared to the previous fiscal period. For the nine months, the company generated revenue of $15.1 million, a decrease of 8.9% from $16.6 million in the same period last year. In the most recent quarter, revenue increased slightly to $5.1 million from $4.9 million year-over-year. The gross profit for the nine months was $7.5 million, down from $8.1 million, while the gross profit for the quarter rose to $2.6 million from $2.4 million.
The company reported a net loss of $22.9 million for the nine months ended April 30, 2025, a significant improvement from a loss of $32.5 million in the prior year. For the three-month period, the net loss was $4.2 million, compared to a loss of $4.5 million in the same quarter of 2024. General and administrative expenses decreased to $30.4 million for the nine months, down from $40.6 million, reflecting cost-cutting measures implemented by the company.
Operationally, KEEMO Fashion Group continues to focus on its apparel and garment trading business, primarily wholesaling to distributors in China. The company has not reported any significant changes in customer counts or geographic expansion, with one customer accounting for 100% of revenues in the most recent quarter. The company’s cash and cash equivalents stood at $22.5 million as of April 30, 2025, which is not sufficient to fund its operations for an extended period without additional financing.
The company has indicated that it may require further funding to support its operations and growth plans. The management has expressed confidence in obtaining necessary financing from shareholders to meet its obligations. However, the company’s current liabilities exceed its current assets by $71.8 million, raising concerns about its ability to continue as a going concern. KEEMO Fashion Group has also noted that it is evaluating the impact of new accounting standards on its financial statements and disclosures.
Looking ahead, KEEMO Fashion Group aims to stabilize its operations and improve profitability through strategic cost management and potential financing options. The company remains focused on its core business while navigating the challenges posed by market conditions and operational constraints.
About KEEMO Fashion Group Ltd
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