Research analysts covering DAVIS COMMODITIES.
Recent press releases and 8-K filings for DTCK.
Davis Commodities Limited Announces First Half Fiscal Year 2025 Financial Results
DTCK
Earnings
Revenue Acceleration/Inflection
Demand Weakening
- Davis Commodities Limited reported a 42.11% increase in revenue, reaching $95.0 million for the six months ended June 30, 2025, up from $66.9 million in the same period last fiscal year, driven by stronger sales across sugar, rice, and oil and fat products.
- Net income for the six months ended June 30, 2025, significantly decreased by 96.9% to $0.04 million, resulting in basic and diluted earnings per share of $0.002, compared to $1.3 million net income and $0.05 EPS in the prior year.
- Gross profit decreased by 9.8% to $2.6 million for the six months ended June 30, 2025, with the overall gross margin falling to 2.8% from 4.4%, primarily due to rising purchase and transportation costs, and lower selling prices for rice and oils and fats products. Operating expenses also increased to $2.818 million from $1.785 million.
- Geographically, revenue from Africa grew by 64.9% to $66.2 million and from China by 164.4% to $15.2 million for the six months ended June 30, 2025, while regulatory changes led to significant revenue decreases in Vietnam and Thailand.
- As of June 30, 2025, the company held $1.7 million in cash and cash equivalents, an increase from $0.7 million at December 31, 2024, with net cash used in operating activities totaling $2.3 million and net cash provided by financing activities at $3.3 million for the six-month period.
Dec 23, 2025, 6:28 PM
Davis Commodities Limited Granted Additional Period to Regain Nasdaq Compliance
DTCK
Delisting/Listing Issues
- Davis Commodities Limited (DTCK) has been granted an additional 180-calendar-day period by Nasdaq to regain compliance with the $1.00 minimum bid price requirement.
- The new deadline for the company to meet the compliance standard is March 16, 2026, following the expiration of the initial 180-day period on September 15, 2025.
- To regain compliance, DTCK's ordinary shares must close at $1.00 per share or more for a minimum of ten consecutive business days.
- The company intends to cure the deficiency, including the potential implementation of a reverse stock split if necessary.
Sep 18, 2025, 3:33 PM
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