Marvion Inc. reported Q3 2025 revenue of US$948,104, a 140% year‑over‑year increase from US$390,275 in Q3 2024, and a net profit of US$119,876, reversing a Q3 2024 loss of US$414,947. The jump in revenue is largely driven by the company’s expanded logistics and warehousing operations, which have captured growing demand in the Hong Kong market and beyond.
Segment‑level data for the nine‑month period shows logistics revenue at US$1,212,610, warehousing at US$1,093,710, and consulting at US$172,575. While the Q3 segment figures are not disclosed separately, the overall mix shift toward higher‑margin logistics and warehousing services explains the 41.3% gross margin for the quarter, up from 31.5% in the same period a year earlier. The margin expansion reflects both pricing power in core services and disciplined cost management amid capital investments in new facilities.
On January 1, 2026, a new client will occupy Marvion’s newly constructed warehouse and pay an annual storage fee of HK$720,000. The contract, signed in November 2025, adds a predictable revenue stream and validates the company’s strategy of offering integrated storage and distribution solutions. The timing of the client’s move aligns with the completion of the warehouse, underscoring Marvion’s ability to secure long‑term agreements as its infrastructure expands.
CEO Chan Sze Yu highlighted the quarter as a turning point, noting that the return to profitability “demonstrates the effectiveness of our logistics‑focused model.” He added that the new storage contract “confirms strong customer confidence in our growing warehousing capacity.” The CEO also cautioned that the company’s balance sheet remains highly leveraged, with liabilities exceeding assets and a shareholders’ deficit, a risk that management is actively addressing through disciplined capital allocation.
The earnings turnaround and the secured contract signal operational momentum, but the leveraged balance sheet and ongoing capital needs suggest that investors should monitor cash flow generation and debt management closely. Overall, the results reinforce confidence in Marvion’s strategic pivot and its capacity to capture sustained growth in the logistics sector.
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