Latest 20-F annual reports

Zhibao Technology Inc. reported a net loss of RMB 62.0 million for fiscal year 2025, despite a 51% revenue increase, raising substantial doubt about its ability to continue as a going concern.

GLOBAL MOFY AI LIMITED reported a significant net loss of $19.3 million for the fiscal year ended September 30, 2025, despite a 35.3% increase in total revenues to $55.9 million, primarily driven by warrant-related losses and increased operating expenses.

Aurelion Inc. reports significant net losses and cash outflows for fiscal year 2025, driven by a strategic shift to AI solutions and a high-risk Tether Gold (XAUt) treasury strategy, following a $150 million capital raise.

Davis Commodities Limited filed an Amendment No. 1 to its 2024 Annual Report on Form 20-F to include inadvertently omitted auditor consents and updated management certifications.

Lavoro Limited reported a substantial increase in losses and negative Adjusted EBITDA for fiscal year 2025, alongside significant operational restructuring and a court-ratified out-of-court reorganization plan for its Brazilian subsidiary.

EZGO Technologies Ltd. reported a net loss of $9.28 million for fiscal year 2025, driven by strategic shifts including the termination of its VIE structure and e-bicycle business, while focusing on battery packs and electronic control systems.

DEFSEC Technologies Inc. reported a significant 229% increase in revenue for fiscal year 2025, driven by digitization contracts and ARWEN sales, despite continued net losses and negative operating cash flows.

Moolec Science SA reported substantial doubt about its ability to continue as a going concern, with significant operating losses and negative working capital for the fiscal year ended June 30, 2025.

UMeWorld Inc. completed its redomiciliation to Delaware, shifting its core business to functional nutrition with DAGola oil, despite significant historical losses and a going concern warning.

Vision Marine Technologies Inc. has filed an amendment to its annual report, primarily to include a new policy for the recovery of erroneously awarded executive compensation.

Webull Corporation filed an amendment to its 2024 annual report, clarifying its corporate governance practices as a foreign private issuer and controlled company.

Birkenstock Holding plc reported robust financial results for fiscal year 2025, with revenue increasing 16% to €2.1 billion and net profit surging 82% to €348.3 million, alongside a reduction in net leverage.

Amdocs Limited reported a 14.5% increase in net income and 16.4% rise in operating income for fiscal year 2025, driven by operational efficiencies and the phasing out of low-margin activities, despite a 9.4% decline in reported revenue.

Republic Power Group Limited announced a significant revenue increase in fiscal year 2025, driven by new client acquisitions in Hong Kong, despite prior year declines and ongoing internal control remediation efforts.

Radiopharm Theranostics Limited filed an amendment to its annual report, updating its intellectual property portfolio and board meeting attendance for the fiscal year ended June 30, 2025.

ATIF Holdings Limited reported a net loss of $4.6 million for fiscal year 2025, while strategically expanding into Bitcoin mining and raising significant capital.

Arqit Quantum Inc. reported a significant reduction in operating and net losses for the fiscal year ended September 30, 2025, alongside increased revenue and a stronger cash position, driven by strategic capital raises and commercialization efforts.

Cementos Pacasmayo S.A.A. filed an amendment to its 2024 Annual Report on Form 20-F to correct the text of its CEO and CFO certifications.

Quartz Mountain Resources Ltd. reports a new copper-gold-silver porphyry discovery at its Jake Property and significant high-grade gold-silver intersections at Maestro, driving increased exploration expenditures for the fiscal year ended July 31, 2025.

Black Titan Corporation finalized its merger with Titan Pharmaceuticals and TalenTec Sdn. Bhd., with TalenTec reporting significant revenue and net income growth for fiscal year 2025.

Black Titan Corporation has successfully completed its merger with TalenTec Sdn. Bhd. and Titan Pharmaceuticals Inc., listing on Nasdaq and outlining ambitious growth strategies in human capital management and cryptocurrency.

Vision Marine Technologies Inc. reported a significant net loss of $21.6 million for fiscal year 2025, alongside strategic expansion through the acquisition of Nautical Ventures Group Inc.

Grupo Supervielle S.A. filed an amendment to its annual report to update its bylaws, clarifying corporate governance and capital structure provisions.

Premium Catering (Holdings) Limited reported a significant net loss for fiscal year 2025, despite successful public offerings and regaining Nasdaq listing compliance after a reverse stock split.

Fang Holdings Limited reports a significant decline in total revenues for 2024, alongside a reduced net loss, as it navigates a challenging PRC real estate market and implements cost control measures.

Intelligent Living Application Group amended its 20-F solely to correct links to governance exhibits, with no changes to previously reported disclosures.

Texxon Holding Limited reported a net loss of $1.5 million for fiscal year 2025, raising substantial doubt about its ability to continue as a going concern, despite an 18.5% revenue increase to $797.1 million.

Basel Medical Group Ltd. reported a substantial net loss for the fiscal year ended June 30, 2025, primarily driven by a significant goodwill impairment, alongside an auditor's disclaimer of opinion and identified material weaknesses in internal controls.

CTW Cayman, a leading web-based gaming platform, announced significant revenue growth for fiscal year 2025, driven by new game launches and international expansion, despite a decrease in net income.

Helport AI Limited announced a 17.86% revenue increase to $34.86 million for fiscal year 2025, alongside a significant drop in net income to $1.86 million, driven by higher operating and R&D costs.