Maison Solutions Reports Strong Financial Performance in Second Quarter 2025

On December 16, 2024, Maison Solutions Inc. (NASDAQ: MSS) released its financial results for the second quarter and the first six months of fiscal 2025, ending October 31, 2024. The company reported significant growth and provided insights into its future strategies.

In the second quarter of 2025, total net revenues surged to $31.0 million, marking a substantial 125.3% increase compared to $13.8 million in the same period the previous fiscal year. This growth was largely attributed to the incorporation of revenues from the acquired subsidiary, Lee Lee, in April 2024. Net revenues from perishable and non-perishable goods also experienced notable increases.

Cost of revenues for the quarter was $22.9 million, up from $10.6 million in the same period last year, primarily influenced by the inclusion of costs from Lee Lee. Gross profit for the same quarter was reported at $8.2 million, with a gross margin of 26.3%, a noticeable improvement from the previous year’s $3.1 million and 22.7%, respectively.

For the second quarter, EBITDA stood at $0.7 million, compared to $0.3 million in the comparable period in the previous fiscal year. However, Maison Solutions reported a net loss of approximately $256,000 for the quarter, contrasting with a net income of approximately $91,500 in the same period the prior year.

In the first six months of fiscal 2025, total net revenues recorded a significant 120.5% increase to $60.7 million versus $27.5 million in the same period last year. As with the second quarter, this growth was predominantly driven by the addition of revenues from the Lee Lee subsidiary.

The company reported EBITDA of $2.4 million for the initial half of fiscal 2025, compared to $0.5 million during the same period in the previous fiscal year. The gross profit for the six months was $16.4 million, with a gross margin of 27.1%, showing a marked improvement from the prior year.

Net income attributable to Maison Solutions for the first six months of fiscal 2025 was approximately $445,000, reflecting a positive shift from a net loss of approximately $13,500 in the same period the previous fiscal year. This was primarily due to the increase in revenue and gross profit driven by the inclusion of Lee Lee.

Maison Solutions reaffirmed its fiscal 2025 guidance, aiming for revenues between $120 million and $125 million and a positive net income. The company’s long-term strategy focuses on consistent year-over-year growth and targeted acquisitions within its industry sector.

For a comprehensive analysis of Maison Solution’s financial performance, including detailed financial tables, investors can refer to the company’s Form 10-Q for the second quarter ended October 31, 2024, to be filed with the U.S. Securities and Exchange Commission (SEC) on December 16, 2024.

Maison Solutions Inc., a U.S.-based specialty grocery retailer specializing in traditional Asian food and merchandise, continues its commitment to providing quality products while addressing the cultural and lifestyle needs of its diverse customer base. Interested individuals can find more information on the company’s operations at www.maisonsolutionsinc.com.

This press release includes forward-looking statements that are subject to risks and uncertainties. Readers are cautioned that actual results may differ from these statements due to various factors discussed in Maison Solution’s filings with the SEC. The company undertakes no obligation to publicly update forward-looking statements.

Investor Relations Contact:
Gateway Group, Inc.
+1-949-574-3860
[email protected]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Maison Solutions’s 8K filing here.

About Maison Solutions

Maison Solutions Inc, together with its subsidiaries, operates as the specialty grocery retailer in California. The company offers perishable products, such as meat, seafood, vegetables, and fruit; non-perishable products, including grocery products comprising cooking utensils, canned foods, Chinese and Asian seasonings and spices, and snacks, as well as liquor, cigarette, lottery, newspaper, reusable bag, non-food, and health products, and general merchandise, beauty care, pharmacy, fuel, and other items and services in its stores.