Maison Solutions Inc. Reports Revenue Decline and Increased Net Loss for Q3 and First Half of Fiscal Year 2025

Maison Solutions Inc. reported a decline in financial performance for the three and six months ended October 31, 2025, compared to the same periods in 2024. The company generated revenues of $27.6 million for the third quarter, a decrease of 5.9% from $29.4 million in the prior year. For the first half of the fiscal year, revenues totaled $54.8 million, down 4.8% from $57.5 million. The decrease in revenue was attributed to heightened competition from nearby Asian supermarkets and the closure of the Maison El Monte store in June 2025, which had previously contributed to sales.

The company's gross profit also fell significantly, with a reported $6.5 million for the three months ended October 31, 2025, down 18.2% from $7.9 million in the same quarter of 2024. The gross margin decreased from 26.9% to 23.4%, primarily due to increased costs of goods sold driven by inflation. Operating expenses rose to $7.8 million, a 12.2% increase from the previous year, largely due to a significant rise in general and administrative expenses, which included stock compensation costs.

Maison Solutions experienced a net loss of $4.97 million for the third quarter, compared to a loss of $316,095 in the same period last year. The loss from continuing operations was particularly pronounced, increasing from $62,158 to $5.2 million. The company also reported a net loss of $6.5 million for the first half of the fiscal year, a stark contrast to the net income of $444,899 recorded in the same period of 2024. The losses were exacerbated by a $2.69 million loss on note conversion and an unrealized loss of $882,404 on digital assets.

Operationally, Maison Solutions has been focusing on strategic growth through acquisitions and geographic expansion. The company recently incorporated a wholly-owned subsidiary in Arizona and acquired Lee Lee Oriental Supermart, a three-store supermarket chain, for approximately $22.2 million. The closure of the Maison El Monte store was part of a broader strategy to enhance profitability. As of October 31, 2025, the company had approximately 334 employees, reflecting its ongoing commitment to expanding its workforce in line with its growth strategy.

Looking ahead, Maison Solutions plans to strengthen its sales force, enhance marketing efforts, and explore additional acquisitions to drive revenue growth. The company acknowledges the need for additional cash resources to support its operations and may seek to raise funds through strategic investments or loans. Despite the current challenges, management remains optimistic about the company's ability to generate sufficient revenues and navigate the competitive landscape in the grocery retail sector.