AXIL Brands, Inc. announced its financial and operational results for the fiscal year ended May 31, 2025. The company reported net sales of $26.26 million, a 4.5% decrease from $27.50 million in the prior year. Gross profit decreased by 7.6% to $18.64 million, with the gross profit margin contracting to 71.0% from 73.4%.
Despite the revenue dip, AXIL demonstrated improved operational efficiency, with Adjusted EBITDA increasing by 21.3% to $2.43 million, representing 9.3% of sales, up from 7.3% in FY2024. Net cash provided by operating activities significantly improved to $1.93 million, a substantial increase from $2,677 in FY2024. Net income for FY2025 was $854,988.
The company is accelerating efforts to relocate a substantial portion of its manufacturing and operations to the United States to reduce tariff exposure and enhance stability. AXIL also launched Sharper Vision Marketing, a wholly-owned subsidiary, to optimize internal digital marketing expertise and explore external revenue streams.
Management expects to continue generating net income and positive cash flow in the fiscal year ending May 31, 2026. The company also highlighted a major wholesale partnership with a national membership-based retailer, expected to drive meaningful top-line growth beginning in fiscal 2026. Seasoned leadership was added to the Reviv3 hair and skin care segment to accelerate expansion.
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