INLIF LIMITED Reports Fiscal Year 2025 Financial Results
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"Throughout the year, we continued to expand our service offerings and customer base while proactively embracing emerging technologies and industry trends to explore new frontiers and growth opportunities. In response to the accelerating intelligentization of the manipulator arm industry, we strategically reallocated resources and business efforts toward newly launched equipment projects focused on the new energy sector. This strategic pivot delivered tangible results, with the new segment growing from zero to contributing 12.98% of total revenue in fiscal year 2025. This emerging business demonstrates significant growth potential and has effectively offset the decline in manipulator arm sales resulting from our adjusted production capacity.
"Driven by our expansion into the new energy sector, we accelerated organizational, managerial, and research and development (R&D) transformation. During the year, we broadened our product development initiatives to include automation solutions across the lithium battery and energy storage value chain. This required increased investment in engineering, R&D, and supply chain functions. As a result, R&D expenses rose by 32.26%, reflecting an expanded R&D workforce as well as higher material usage and testing costs related to new product development and improvements to existing products.
"To support long-term sustainable growth and retain key management and employees, we implemented two share-based compensation incentive plans during the year. We believe these incentives represent a prudent and necessary investment in our long-term future. These significant, though non-recurring, awards should be viewed not as compensation for past performance, but as a strategic investment in our future success. In a highly competitive industry, success at every stage, whether in technological advancement, business model innovation, or management excellence, ultimately depends on attracting and retaining top talent. We believe these incentives create a deep alignment and powerful drive for long-term value, institutionally linking the personal interests of our executives and key employees with the long-term interests of our shareholders.
"Despite reporting a net loss attributable to the impacts of our transformation, we achieved revenue growth of 16.52%, maintained a relatively stable gross profit, and sustained a resilient gross margin well above 20%. These results underscore the fundamental strength and resilience of our core business model. Looking ahead, we remain confident in our operational capabilities, financial position, and our ability to execute strategies that will drive sustainable growth and long-term value."
Fiscal Year 2025 Financial Summary
- Net revenue was
$18.41 million for fiscal year 2025, representing an increase of 16.52% from$15.80 million for fiscal year 2024. - Gross profit was
$4 .29 million for fiscal year 2025, compared to$4.55 million for fiscal year 2024. - Gross profit margin was 23.33% for fiscal year 2025, compared to 28.83% for fiscal year 2024.
- Net loss was
$5 .45 million for fiscal year 2025, compared to a net income of$1 .61 million for fiscal year 2024. - Basic and diluted loss per share were
$0 .33 for fiscal year 2025, compared to basic and diluted earnings per share of$0 .13 for fiscal year 2024.
Fiscal Year 2025 Financial Results
Net Revenue
Net revenue was
- Sales of manipulator arms and installation and warranty services were
$9.07 million for fiscal year 2025, compared to$10.33 million for fiscal year 2024. - Sales of accessories were
$2.27 million for fiscal year 2025, representing an increase of 57.74% from$1.44 million for fiscal year 2024. - Sales of raw materials and scraps were
$4.64 million for fiscal year 2025, representing an increase of 17.83% from$3.93 million for fiscal year 2024. - Sales of installation services were
$47,753 for fiscal year 2025, compared to$95,442 for fiscal year 2024. - Sales of new energy sector-focused products were
$2.39 million for fiscal year 2025.
Cost of Revenue
Cost of revenue was
Gross Profit and Gross Profit Margin
Gross profit was
Gross profit margin was 23.33% for fiscal year 2025, compared to 28.83% for fiscal year 2024.
Operating Expenses
Operating expenses were
- Selling expenses were
$0.95 million for fiscal year 2025, representing an increase of 1.51% from$0.94 million for fiscal year 2024. The increase was primarily attributable to higher certification expenses incurred in connection with obtaining European Conformity certification for the European Union and Underwriters Laboratories certification forthe United States in fiscal year 2025. - General and administrative expenses were
$7.09 million for fiscal year 2025, representing an increase of 827.86% from$0.76 million for fiscal year 2024. The increase was primarily attributable to share-based compensation expenses of approximately$5.14 million in connection with equity awards granted to management and certain employees in May and August, 2025. In addition, general and administrative expenses increased by approximately$0.17 million , due to higher payroll expenses resulting from an increase in headcount in the Company's management department from 22 employees in fiscal year 2024 to 28 employees in fiscal year 2025. - Research and development expenses were
$2.07 million for fiscal year 2025, representing an increase of 32.26% from$1.56 million for fiscal year 2024. The increase was primarily attributable to the expansion of the Company's research and development team, with headcount increasing from 29 employees in fiscal year 2024 to 30 employees in fiscal year 2025, resulting in higher personnel costs. In addition, the Company increased its investment in research activities, including higher material consumption and testing expenses.
Net Income (Loss)
Net loss was
Basic and Diluted Earnings (Loss) per Share
Basic and diluted loss per share were
Financial Condition
As of
Net cash used in operating activities was
Net cash used in investing activities was
Net cash provided by financing activities was
About INLIF LIMITED
Through its operating entity in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.
For investor and media inquiries, please contact:
INLIF LIMITED
Investor Relations Department
Email: [email protected]
Ascent Investor Relations LLC
Phone: +1-646-932-7242
Email: [email protected]
INLIF LIMITED | ||||||||
CONSOLIDATED BALANCE SHEETS | ||||||||
(Expressed in | ||||||||
As of | As of | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash and cash equivalents | $ | 6,716,147 | $ | 2,467,638 | ||||
Accounts receivable, net | 5,903,841 | 3,840,120 | ||||||
Inventories | 5,497,426 | 5,300,458 | ||||||
Deferred offering costs, current | — | 1,482,558 | ||||||
Prepayments and other current assets | 96,087 | 159,570 | ||||||
Amounts due from related parties | 12,656 | 1,030 | ||||||
TOTAL CURRENT ASSETS | $ | 18,226,157 | $ | 13,251,374 | ||||
NON-CURRENT ASSETS: | ||||||||
Property, plant, and equipment, net | $ | 4,248,793 | $ | 3,037,312 | ||||
Land-use rights, net | 2,175,012 | 2,130,164 | ||||||
Intangible assets, net | 40,315 | 43,773 | ||||||
Finance lease assets | 76,535 | — | ||||||
Deferred tax assets | 6,268 | 5,169 | ||||||
TOTAL NON-CURRENT ASSETS | $ | 6,546,923 | $ | 5,216,418 | ||||
TOTAL ASSETS | $ | 24,773,080 | $ | 18,467,792 | ||||
LIABILITIES | ||||||||
CURRENT LIABILITIES: | ||||||||
Accounts payable | $ | 3,286,866 | $ | 3,132,613 | ||||
Bank loans | 4,618,839 | 4,630,581 | ||||||
Contract liabilities | 8,674 | 1,712 | ||||||
Accrued expenses and other payables | 347,598 | 190,645 | ||||||
Warranty liabilities | 25,941 | 31,602 | ||||||
Income taxes payable | — | 27,337 | ||||||
Amounts due to related parties | 281,871 | 186,768 | ||||||
Current finance lease liabilities | 57,326 | — | ||||||
TOTAL CURRENT LIABILITIES | $ | 8,627,115 | $ | 8,201,258 | ||||
NON-CURRENT LIABILITIES: | ||||||||
Finance lease liabilities | $ | 15,368 | $ | — | ||||
TOTAL NON-CURRENT LIABILITIES | $ | 15,368 | $ | — | ||||
TOTAL LIABILITIES | $ | 8,642,483 | $ | 8,201,258 | ||||
COMMITMENTS AND CONTINGENCIES (NOTE 22) | ||||||||
SHAREHOLDERS' EQUITY | ||||||||
Class A Ordinary Share, | $ | 640 | $ | — | ||||
Class B Ordinary Share, | 1,250 | 1,250 | ||||||
Additional paid-in capital | 17,727,063 | 7,037,503 | ||||||
Statutory reserve | 361,083 | 361,083 | ||||||
Retained earnings | (2,248,635) | 3,201,818 | ||||||
Accumulated other comprehensive loss | 289,196 | (335,120) | ||||||
TOTAL SHAREHOLDERS' EQUITY | $ | 16,130,597 | $ | 10,266,534 | ||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ | 24,773,080 | $ | 18,467,792 | ||||
* The share amounts are presented on a retrospective basis. | ||||||||
INLIF LIMITED | ||||||||||||
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS) | ||||||||||||
(Expressed in U.S. Dollars, except for the number of shares) | ||||||||||||
Years ended | ||||||||||||
2025 | 2024 | 2023 | ||||||||||
Revenues | 18,406,849 | 15,796,983 | 12,610,873 | |||||||||
Cost of revenues | (14,113,060) | (11,242,817) | (8,451,336) | |||||||||
Gross profit | 4,293,789 | 4,584,166 | 4,159,537 | |||||||||
Operating expenses: | ||||||||||||
Selling expenses | (953,121) | (938,941) | (688,064) | |||||||||
General and administrative expenses | (7,093,794) | (764,530) | (724,147) | |||||||||
Research and development expenses | (2,067,322) | (1,563,059) | (1,362,058) | |||||||||
Total operating expenses | (10,114,237) | (3,266,530) | (2,774,269) | |||||||||
Operating (loss) income | (5,820,448) | 1,287,636 | 1,385,268 | |||||||||
Other income (expenses): | ||||||||||||
Interest income | 3,583 | 3,274 | 6,884 | |||||||||
Interest expenses | (157,277) | (196,304) | (146,386) | |||||||||
Other income, net | 268,077 | 531,198 | 110,159 | |||||||||
Other expense, net | (7,757) | (8,370) | (17,410) | |||||||||
Exchange gain | 262,520 | 3,893 | 25,344 | |||||||||
Total other income (expenses), net | 369,146 | 333,691 | (21,409) | |||||||||
(Loss) Income before income tax | (5,451,302) | 1,621,327 | 1,363,859 | |||||||||
Income tax (benefits) expenses | 849 | (14,838) | (11,348) | |||||||||
Net (loss) income | (5,450,453) | 1,606,489 | 1,352,511 | |||||||||
Comprehensive income (loss) | ||||||||||||
Net (loss) income | (5,450,453) | 1,606,489 | 1,352,511 | |||||||||
Foreign currency translation adjustments, net of tax | 624,316 | (302,960) | (227,278) | |||||||||
Comprehensive (loss) income | (4,826,137) | 1,303,529 | 1,125,233 | |||||||||
(Loss) Earnings per share, basic and diluted | (0.33) | 0.13 | 0.11 | |||||||||
Weighted average number of shares* | 16,571,233 | 12,500,000 | 12,500,000 | |||||||||
* The share amounts are presented on a retrospective basis. | ||||||||||||
INLIF LIMITED | ||||||||||||
CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||
(Expressed in U.S. Dollars, except for the number of shares) | ||||||||||||
For the years ended | ||||||||||||
2025 | 2024 | 2023 | ||||||||||
Cash flows from operating activities: | ||||||||||||
Net (loss) income | (5,450,453) | 1,606,490 | 1,352,511 | |||||||||
Adjustments to reconcile net income (loss) to net cash used in | ||||||||||||
Share-based compensation | 5,142,000 | — | — | |||||||||
Depreciation and amortization | 289,264 | 347,977 | 367,029 | |||||||||
Allowance for (reversal of) credit losses | 12,987 | (154) | (19,930) | |||||||||
Loss on disposal of property, plant, and equipment | — | — | 5,432 | |||||||||
Amortization of finance lease right of use assets | 38,268 | — | — | |||||||||
Deferred tax assets | (1,099) | — | — | |||||||||
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | (2,076,707) | (50,752) | (1,552,991) | |||||||||
Intangible assets | — | — | (53,086) | |||||||||
Inventories | (196,969) | (807,416) | (2,025,725) | |||||||||
Prepayments and other current assets | 63,484 | (17,474) | 94,160 | |||||||||
Accounts payable, trade | 154,253 | 586,195 | 2,057,775 | |||||||||
Interest expense on finance lease liabilities | 1,877 | — | — | |||||||||
Contract liabilities | 6,962 | (63,361) | 65,073 | |||||||||
Accrued expenses and other payables | 156,951 | (69,002) | — | |||||||||
Warranty liabilities | (5,661) | 31,602 | 98,485 | |||||||||
Income taxes payable | (27,337) | 15,279 | 11,505 | |||||||||
Net cash (used in) provided by operating activities | (1,892,180) | 1,579,383 | 400,238 | |||||||||
Cash flows from investing activities: | ||||||||||||
Purchase of property, plant, and equipment | (192,531) | (25,759) | (219,121) | |||||||||
Disposal of property, plant, and equipment | — | — | 989 | |||||||||
Amount loan to related parties | (11,626) | (1,025) | — | |||||||||
Proceeds from repayment by related parties | — | 347,428 | — | |||||||||
Net cash (used in) provided by investing activities | (204,157) | 320,644 | (218,132) | |||||||||
Cash flows from financing activities: | ||||||||||||
Issuance of ordinary shares, net of offering costs | 7,030,759 | — | — | |||||||||
Proceeds from short-term loans | 6,492,114 | 7,143,130 | 3,671,841 | |||||||||
Repayment of short-term loans | (6,706,611) | (6,059,153) | (2,400,819) | |||||||||
Principal payments on finance lease liabilities | (43,986) | — | — | |||||||||
Deferred offering costs | — | (522,318) | (919,207) | |||||||||
Amount financed from related parties | 118,507 | 181,116 | 977,418 | |||||||||
Amount repaid to related parties | (23,404) | (518,379) | (865,770) | |||||||||
Net cash provided by financing activities | 6,867,379 | 224,396 | 463,463 | |||||||||
Effect of exchange rate changes | (522,533) | (255,718) | (131,597) | |||||||||
Net increase in cash | 4,248,509 | 1,868,705 | 513,972 | |||||||||
Cash and cash equivalents at beginning of the year | 2,467,638 | 598,933 | 84,961 | |||||||||
Cash and cash equivalents at end of the year | 6,716,147 | 2,467,638 | 598,933 | |||||||||
Supplemental disclosures of cash flows information: | ||||||||||||
Cash paid for income taxes | 15,465 | 1,707 | 475 | |||||||||
Cash paid for interest expense | 365,007 | 191,859 | 143,727 | |||||||||
Supplementary disclosure of non-cash information: | ||||||||||||
Right of use assets obtained in exchange for finance lease | 114,803 | — | — | |||||||||
View original content:https://www.prnewswire.com/news-releases/inlif-limited-reports-fiscal-year-2025-financial-results-302706794.html
SOURCE INLIF LIMITED
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