Top Leader Universal Holdings Ltd

F-1 filed

Price $1.50 · 2,500,000 shares · Gross proceeds $3,750,000

DRS/A amended

DRS/A amended

DRS/A amended

Top Leader Universal Holdings Ltd reported a 7.6% increase in revenue to $3.71 million for the year ended December 31, 2024, driven by growth in self-manufactured face mask sales and antigen test kits. However, rising raw material costs caused a 24.8% surge in cost of revenue, outpacing revenue growth and reducing gross profit by 2.8%. Operating expenses saw mixed trends, with selling expenses rising 8.2% and general/administrative expenses falling 17.4%. Other income from related parties dropped 78% after terminating a back-to-back loan arrangement, while third-party income improved significantly. Finance costs fell 79% following early loan repayment. The company emphasized sufficient operating cash flow for near-term needs but highlighted risks from market conditions and cost pressures.

DRS filed

Top Leader Universal Holdings Ltd's recent filing highlights financial performance for the year ended December 31, 2024, showing a 7.6% revenue increase to $3.71 million, driven by growth in self-manufactured face mask sales. However, rising raw material costs led to a 24.8% surge in cost of revenue, reducing gross profit margin by 6 percentage points to 56.4%. Net income grew 4.1% to $1.07 million. The company reported $4.35 million in cash inflows from repayments of related-party loans, while repaying bank borrowings and paying dividends consumed $5.08 million in financing activities. Liquidity is projected to be sufficient for 12 months via operating cash flows and IPO proceeds.