AFC Group Holdings is currently undergoing the audit process for the financial year ending on March 31, 2025.
The company reported a 44% decrease in revenue, amounting to $741,000, compared to the previous financial year.
This decline affected all business segments, with overseas wine sales experiencing the sharpest drop of 62%.
AFC Group also incurred a net loss of $185,000, in contrast to a net profit of $54,000 in the prior period.
As of the end of the financial year, the company's unaudited net assets were $244,000, cash and cash equivalents were $4,000, and fixed assets totalled $1.45 million.
The company's market capitalisation was reported at $3.66 million.
AFC Group said it is aware of the high level of uncertainty in the market and has developed a series of actions to navigate the challenges and achieve future revenue growth.
The company expects to release its annual report before the end of June and plans to hold its annual meeting in early September 2025.
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