PERTH, Australia, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (“Globavend” or the “Company”) (NASDAQ: GVH), an emerging e-commerce logistics services provider, today announced its unaudited financial results for the six months ended March 31, 2025.

“We are thrilled to report a 63.7% increase in revenue for the first half 2025,” said Frank Yau, CEO at Globavend. “The continued increase in revenue marked an accelerated growth of our business”.

About Globavend Holdings Limited
Globavend Holdings Limited, an emerging e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The Company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions. As an e-commerce logistics provider, Globavend delivers integrated cross-border logistics services from Hong Kong to Australia and New Zealand. It provides customers with a comprehensive solution, encompassing pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery.

Forward-Looking Statement
This press release may contain “forward ‐ looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on the beliefs and assumptions and on information currently available to management of the Company. All statements other than statements of historical fact contained in this press release are forward-looking statements, including statements regarding the improvement of the liquidity of our ordinary shares, the positive change in our public float and the strengthening of our balance sheet. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties related to global economic or market conditions, changes in our operating plans or funding requirements, changes in customer demands, changes to our supplier relationships, changes in the availability of labor and other employment needs, changes in the price of necessary expenses required to operate our business and the risks and uncertainties set forth in the "Risk Factors" section of the Company’s Annual Report on Form 20-F for the year ended September 30, 2024, and subsequent reports that the Company files with the SEC. Forward-looking statements represent the Company’s beliefs and assumptions only as of the date of this press release. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, the Company assumes no obligation to publicly update any forward ‐ looking statements for any reason after the date of this press release to conform any of the forward-looking statements to actual results or to changes in its expectations.

For investor and media inquiries, please contact:
Globavend Holdings Limited
Wai Yiu Yau, Chairman and CEO
[email protected] (61) 8 6141 3263


GLOBAVEND HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF SEPTEMBER 30, 2024 AND MARCH 31, 2025
(US$, except share data, or otherwise note)
September 30,
2024 		March 31,
2025
US$ US$
(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 2,296,462 $ 915,151
Accounts receivable, net 1,684,644 1,151,308
Interest receivable from a director - 10,659
Deposits and prepayment 203,178 13,699
Deposits – related party - 897,436
Deferred costs 374,286 1,684,316
Contract assets 897,409 697,232
Taxes recoverable - 95,694
Total current assets $ 5,455,979 $ 5,465,495
NON-CURRENT ASSETS
Property, plant, equipment, net $ 123,101 $ 87,932
Right-of-use assets, operating lease 32,711 16,646
Deposits and prepayment 1,743,423 783,487
Deposits – related party 600,000 -
Total non-current assets $ 2,499,235 $ 888,065
TOTAL ASSETS $ 7,955,214 $ 6,353,560
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable $ 649,183 $ 520,942
Accounts payable – related party 1,627,269 -
Amount due to a director 8,586 -
Other payables and accrued liabilities 235,193 155,248
Taxes payables 224,438 -
Operating lease liabilities - current $ 41,019 20,800
Total current liabilities $ 2,785,688 $ 696,990
TOTAL LIABILITIES $ 2,785,688 $ 696,990
Commitments -
EQUITY
Ordinary shares, $0.001 par value, 2,000,000,000 shares authorized, 74,656 and 74,895 shares issued and outstanding as of September 30, 2024 and March 31, 2025, respectively* 14,931 14,979
Subscription receivable (13,125 ) (13,125 )
Additional paid-in capital 3,454,741 3,491,481
Retained earnings 1,712,979 2,163,235
Total shareholders’ equity $ 5,169,526 $ 5,656,570
TOTAL LIABILITIES AND EQUITY $ 7,955,214 $ 6,353,560
* Retrospectively applied for effect of reverse stock split on July 21, 2025



GLOBAVEND HOLDINGS LIMITED
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED MARCH 31, 2024 AND 2025
(US$, except share data, or otherwise note)
For the six months ended
March 31,
2024 2025
US$
(unaudited) 		US$
(unaudited)
Revenue – third parties $ 8,384,790 $ 13,723,478
Revenue 8,384,790 13,723,478
Cost of revenue - third parties 4,007,266 4,550,026
Cost of revenue – related party 2,719,028 7,725,902
Cost of revenue 6,726,294 12,275,928
Gross Profit 1,658,496 1,447,550
Operating expenses:
General and administrative expenses 505,105 658,292
Total operating expenses $ 505,105 $ 658,292
Income from operations $ 1,153,391 $ 789,258
Other expense, net:
Interest income 29,323 11,299
Interest expense (1,612 ) (550 )
Other expense (142,178 ) (239,574 )
Total other expense, net (114,467 ) (228,825 )
Income before income taxes $ 1,038,924 $ 560,433
Income taxes provision 140,129 110,177
Net income attributable to Globavend Holdings Limited $ 898,795 $ 450,256
Comprehensive income $ 898,795 $ 450,256
Earnings per share - Basic and diluted $ 12.57 $ 6.01
Weighted Average Basic and Diluted Number of Ordinary Shares Outstanding* 71,486 74,895
* Retrospectively applied for effect of reverse stock split on July 21, 2025