- Baiya International Group Inc. reported **net revenues of $7.3 million** for the first half of fiscal year 2025, a **6.9% increase** year-over-year, with gross profit rising **49.2% to $0.7 million** and gross margin expanding to **10.0%**.  **[1944712_20250930CN86624:0]** 
- The company's net loss significantly widened to **$4.7 million** (or **$0.385 per common share**) for the first half of fiscal year 2025, compared to $0.06 million in the prior year, primarily driven by a **985.0% increase in total operating expenses** to **$5.5 million**.  **[1944712_20250930CN86624:0]** **[1944712_20250930CN86624:1]** 
- As of June 30, 2025, cash decreased to **$0.9 million** from $1.7 million at year-end 2024, with **net cash used in operating activities of $6.4 million** largely offset by **$6.0 million from financing activities**.  **[1944712_20250930CN86624:1]** 
- Strategic initiatives include enhancing the Gongwuyuan Platform for SaaS-enabled HR solutions and a proposed acquisition of STARFISH TECHNOLOGY-FZE to enter digital finance and innovation.  **[1944712_20250930CN86624:0]**

Baiya International Group Inc. Announces First Half of Fiscal Year 2025 Financial Results

- Baiya International Group Inc. reported a **net loss of $(4,757,278)** for the six months ended June 30, 2025, a significant increase from $(59,566) for the same period in 2024.  **[1944712_0001213900-25-093455_ea025858301ex99-1_baiya.htm:1]** **[1944712_0001213900-25-093455_ea025858301ex99-2_baiya.htm:3]** 
- **Net revenues grew by 6.9%** to **$7,261,545** for the six months ended June 30, 2025, compared to $6,791,902 in the prior year period.  **[1944712_0001213900-25-093455_ea025858301ex99-1_baiya.htm:1]** **[1944712_0001213900-25-093455_ea025858301ex99-2_baiya.htm:3]** 
- Total operating expenses significantly increased by **985.0% to $5,451,612** for the six months ended June 30, 2025, primarily due to higher general and administrative and selling expenses.  **[1944712_0001213900-25-093455_ea025858301ex99-2_baiya.htm:3]** **[1944712_0001213900-25-093455_ea025858301ex99-2_baiya.htm:5]** 
- The company secured approximately **$17.82 million** in gross proceeds from the sale of **6,713,996 Class A ordinary shares** to investors between April and June 2025.  **[1944712_0001213900-25-093455_ea025858301ex99-1_baiya.htm:34]** 
- On July 18, 2025, Baiya International Group Inc. entered into a strategic merger framework agreement to **acquire STARFISH TECHNOLOGY-FZE**, signaling a business shift towards digital assets and financial technology.  **[1944712_0001213900-25-093455_ea025858301ex99-1_baiya.htm:35]**

Baiya International Group (BIYA)