Merchant House International Limited (ASX:MHI) Announces Preliminary Financial Results for FY2025
Financial Performance
Merchant House International Limited reported a net loss of $4.591 million for the year ended 31 March 2025, a 37.89% decrease from the previous year’s loss of $7.392 million. The loss from continuing operations after tax was $2.042 million, down by 9.81%, while the loss from discontinued operations was $2.549 million, a 50.29% reduction.
Asset Sales and Operations
The company completed the sale of its 33.79% interest in Tianjin Tianxing Kesheng Leather Products Company Limited to Tianjin Wuxi International Trading Company for approximately A$8.3 million. Additionally, Merchant House International finalised the sale of AMI’s equipment for US$4 million.
Future Plans
Merchant House International remains financially solvent and is preparing to sell the remaining assets of AMI. Following a successful divestment, the company plans to seek shareholder approval for the distribution of residual funds, voluntary delisting from the ASX, and the winding up of the group.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
