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JBDI

JBDI Holdings Limited

JBDI

JBDI Holdings Limited • NASDAQ
$0.92 ▲ 12.09% (+0.10)
Market Cap $17.71 M
52w High $3.00
52w Low $0.49
Dividend Yield 0%
P/E -6.57
Volume 7.31K
Outstanding Shares 19.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $3.714M ▲ $7.931M ▲ $2.47M ▼ $5.461M ▲
Q4-2024 $190K ▲ $4.455M ▼ $4.071M ▼ $384K ▼
Q2-2024 $123K ▼ $6.122M ▼ $4.18M ▼ $1.942M ▲
Q4-2023 $457K ▼ $6.337M ▼ $4.833M ▲ $1.504M ▼
Q2-2023 $610K $6.92M $4.419M $2.501M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The reported income statement makes JBDI look like a very small, almost break‑even business, with sales and gross profit essentially flat over the past few years and earnings hovering around zero. The most recent year shows a small loss after a couple of mildly profitable years, which can happen when a company invests in growth or incurs one‑off listing and setup costs around an IPO. Because the numbers are tiny and likely rounded, it’s hard to draw strong conclusions, but overall the pattern is of a stable but still modest operation that has not yet translated its strategic story into meaningful profit growth.

Balance Sheet

Balance Sheet The balance sheet data indicate a very light asset base, no reported financial debt, and equity close to zero, which likely reflects heavy rounding rather than a literal absence of capital. In practical terms, this suggests a lean, asset‑light model with little leverage, which can reduce financial risk but also limits the resources visible on the balance sheet. Since the IPO is recent, the stronger post‑listing capital position is probably not fully captured here, so the reported figures should be treated as incomplete rather than definitive.

Cash Flow

Cash Flow The cash flow line items are essentially flat, with operating cash flow, investment, and free cash flow all showing as near zero. This is almost certainly a result of rounded or highly simplified disclosures rather than a true absence of cash movement. What it does tell you is that, at least at the scale reported, JBDI has not yet demonstrated large, consistent cash generation. The future story will hinge on whether the circular‑economy model can convert into reliable cash inflows as the business scales and executes its expansion plans.

Competitive Edge

Competitive Edge JBDI operates in a focused niche: reconditioning and supplying industrial containers within a circular‑economy framework, mainly in Singapore and Southeast Asia. Its long operating history, established relationships with chemical, petroleum, and related industries, and one‑stop offering (new and reconditioned containers, waste collection, and wastewater treatment) give it a differentiated position versus smaller recyclers or pure manufacturers. The strong sustainability angle and alignment with tightening environmental regulations are clear competitive strengths. Key risks are the relatively narrow geographic and sector focus, exposure to industrial demand cycles, and the possibility that larger packaging or waste management players move more aggressively into the same green niche.

Innovation and R&D

Innovation and R&D JBDI’s innovation is more about business model and process than flashy, patented technology. Its strength lies in integrating several steps of the circular economy—collection, reconditioning, and wastewater treatment—into a single service platform. The in‑house wastewater treatment subsidiary is a notable technical asset that supports both compliance and potential new service lines. Management has highlighted plans to add automation, expand facilities, broaden container offerings, and pursue partnerships or acquisitions. These are strategic, execution‑driven initiatives rather than traditional R&D bets, so success will depend on implementation quality and operational discipline rather than breakthrough inventions.

Summary

Overall, the published financials paint a picture of a very small, near break‑even company, while the qualitative story describes a mature operator with a clear sustainability niche and recent access to public capital. The numbers available are too thin and rounded to judge performance in detail, but they do suggest that meaningful scale and strong cash generation are still to be proven. Strategically, JBDI is well aligned with long‑term trends in circular economy, ESG, and stricter waste rules, and it offers integrated services that many competitors may find hard to replicate quickly. The main uncertainties revolve around scale, execution of expansion and automation plans, sensitivity to industrial cycles, and how effectively the company can turn its strong positioning into durable, growing profits and cash flows post‑IPO.

NEWS

October 15, 2025 · 7:00 AM UTC

JBDI Holdings Reports Financial Results for Fiscal Year Ended May 31, 2025

Read more