Sino Green Land Corporation Reports $1.42 Million Revenue and $1.39 Million Net Loss for Fiscal Year Ending June 30, 2026

Sino Green Land Corporation reported a net revenue of $1.42 million for the fiscal year ending June 30, 2026, reflecting a 6.3% increase from $1.34 million in the previous year. This growth was primarily attributed to favorable foreign exchange translation effects, as the Malaysian Ringgit strengthened against the U.S. dollar. However, the company incurred a net loss of $1.39 million, a decrease of 23% from the prior year's loss of $1.81 million, largely due to a significant reduction in the cost of revenues, which fell by 20.1% to $2.07 million.

The company has made strategic moves to enhance its operational capabilities, including the acquisition of Tian Li Eco Holdings Sdn. Bhd. on June 30, 2023, which is expected to bolster its recycling operations. Additionally, Sino Green Land has entered into agreements to acquire 60% of Xing Da Plastics Sdn. Bhd. and 100% of Invent Fortune Sdn. Bhd., aiming to create an integrated waste management business chain. These acquisitions are anticipated to contribute positively to cash flow and reduce reliance on external funding.

Operationally, Sino Green Land reported a total of 47 employees, with a significant portion being foreign workers. The company has been actively expanding its production capabilities, with a current annual production capacity of 50,000 tons of PET waste plastic bottles. The firm is also focused on enhancing its recycling processes and has invested in advanced machinery to improve product quality. The company’s products, including PET bottle flakes and strapping belts, are marketed across various regions, including Asia-Pacific, Europe, and the Americas.

Despite these developments, the company faces challenges, including a working capital deficit of $4.48 million and an accumulated deficit of $6.09 million. The management has expressed concerns regarding its ability to continue as a going concern, given the substantial doubt raised by its independent auditors. To address liquidity issues, Sino Green Land is exploring additional financing options and has implemented cost-reduction measures. The outlook remains cautious, with management emphasizing the need for effective execution of its growth strategies and operational improvements to stabilize financial performance.