AXIL Brands, Inc. reported financial and operational results for fiscal year ended May 31, 2025.
Highlights include net sales of $26.3 million, gross profit at 71.0%, and net income of $0.9 million.
The company achieved a 21.3% increase in Adjusted EBITDA in fiscal 2025.
Financial Performance
Net sales decreased slightly to $26.3 million in fiscal 2025 compared to $27.5 million in fiscal 2024.
Profitability Metrics
Gross profit margin was 71.0% in fiscal 2025, while operating expenses improved to 66.6% of net sales.
Strategic Growth Initiatives
Secured a significant wholesale agreement with a leading retailer, appointed industry veteran to lead hair and skin care division, and advanced supply chain transition to the U.S.
- AXIL Brands, Inc. ended fiscal 2025 with $4.8 million in cash, an increase from the previous year.
- The company's strategic focus on reducing tariff exposure and expanding domestic manufacturing aims to provide long-term benefits.
- The partnership with a major national retailer is expected to drive substantial top-line growth in fiscal 2026.
AXIL Brands, Inc. remains optimistic for fiscal 2026 with strong momentum, a solid balance sheet, and plans for continued growth and innovation.