EX-99.1 2 ea027099601ex99-1_delixy.htm INTERIM EARNINGS RESULT FOR THE SIX MONTHS ENDED JUNE 30, 2025

Exhibit 99.1

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(Amount in USD thousands, except for share and per share data, or otherwise noted)

		As of Jun 30, 2024				As of Jun 30, 2025
		US$’000				US$’000
ASSETS
Current assets:
Cash and cash equivalents			5,609				1,824
Accounts receivable, net			3,772				18,648
Deposits, prepayments and other receivables			34				502
Derivative financial instruments			312				831
Total current assets			9,727				21,805
Non-current assets:
Property and equipment, net			4				1
Right-of-use assets, net			99				37
Deferred offering costs			1,152				2,492
Total non-current assets			1,255				2,530
TOTAL ASSETS			10,982				24,335
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable			2,521				18,227
Accrued liabilities			87				51
Dividend payables			2,245
Amount due to shareholder			99				1
Lease liabilities			62				38
Income tax payable			157				105
Total current liabilities			5,171				18,422
Non-current liabilities:
Lease liabilities			36
Loan from shareholder			5,000				4,000
Non-current liability			5,036				4,000
TOTAL LIABILITIES			10,207				22,422
Commitments and contingencies			—				—
Shareholders’ equity:
Ordinary share, par value US$0.000005, 100,000,000,000 shares authorized, 15,000,000 shares issued*			**				**
Additional paid-up capital			695				695
Retained earnings			34				1172
Other reserve			46				46
Total shareholders’ equity			775				1,913
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			10,982				24,335

* Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders.

** — Denotes amount less than US$1,000.

DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)
(Amount in USD thousands, except for share and per share data, or otherwise noted)

		For the six months period ended June 30,
		2024				2025
		US$’000				US$’000
Revenues			143,761				102,000
Cost of revenue			(141,959	)			(100,925	)
Gross profit			1,802				1,075
General and administrative expenses			(1,635	)			(692	)
Profits from operations			167				383
Other income:
Gain on disposal of property			177
Foreign exchange gain			1				8
Interest income			135				35
Shipping charges reimbursed			10				201
Other income			5				1
Total other income			328				245
Income before income tax			495				628
Income tax expense			(45	)			(68	)
NET INCOME			450				560
TOTAL COMPREHENSIVE INCOME			450				560
Net income per share
Basic and diluted**			0.030				0.037
Weighted average number of ordinary shares outstanding Basic and diluted**			15,000,000				15,000,000

* — Denotes amount less than US$1,000.

** Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders.

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DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(Amount in USD thousands, except for share and per share data, or otherwise noted)

						Ordinary Shares*								Additional												Total
		Note				No. of shares				Amount				paid-up capital				Other reserve				Retained earnings				shareholders’ equity
						’000				US$’000				US$’000				US$’000				US$’000				US$’000
Balance as of January 1, 2024							15,000				**				695				46				1,084				1,825
Dividends			14				—				—				—				—				(1,500	)			(1,500	)
Net income							—				—				—				—				450				450
Balance as of June 30, 2024							15,000				**				695				46				34				775
Dividends			14																				612				612
Net income																							560				560
Balance as of June 30, 2025							15,000				**				695				46				1,172				1,913

* Retrospectively restated for the effect of 1:200 forward stock split of our Ordinary Shares and the shares surrendered by our existing shareholders.

** — Denotes amount less than US$1,000.

The accompanying notes are integral part of these consolidated financial statements.

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DELIXY HOLDINGS LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOW
(UNAUDITED)
(Amount in USD thousands, except for share and per share data, or otherwise noted)

		For the six months period ended June 30,
		2024				2025
		US$’000				US$’000
Cash flows from operating activities:
Net income after tax			450				560
Depreciation of property and equipment			7				3
Amortization of right-of-use assets			20				25
Gain on disposal of property			(177	)
Interest expense			89				(88	)
Change in working capital:
Accounts receivable, net			(3,059	)			(14,876	)
Deposits, prepayments and other receivables			1				(468	)
Other non-current assets			(1,152	)			(1,340	)
Accounts payable			2,521				15,706
Accrued liabilities			12				(36	)
Lease liabilities			(22	)			(23	)
Income tax payable			(89	)			(52	)
Net cash provided by/(used in) operating activities			(1,399	)			(589	)
Cash flows from investing activities:
Derivative financial instruments			(295	)			(519	)
Proceeds from disposal of property			957
Amount due from shareholder			—
Net cash (used in)/provided by investing activities			(1,252	)			(519	)
Cash flows from financing activities:
Amount due to related party			—
Amount due to shareholder			11				(10	)
Dividend paid			(2,500	)			(2,667	)
Net cash used in financing activities			(2,489	)			(2,677	)
Net change in cash and cash equivalents			(2,636	)			(3,785	)
BEGINNING OF FINANCIAL PERIOD			8,245				5,609
END OF FINANCIAL PERIOD			5,609				1,824
Supplemental Cash Flow Information:
Cash paid for income taxes			(134	)			(90	)
Cash paid for interest			(1	)			(5	)
Supplemental schedule of noncash financing activities
Loan from shareholder			5,000				4,000

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