EX-99.1 2 ea026522801ex99-1_toppoint.htm PRESS RELEASE DATED NOVEMBER 14, 2025

Exhibit 99.1

 

 

Toppoint Holdings Inc. Reports Third Quarter and First Nine-Month Results Reflecting Growth in Emerging Commodity Segments Despite Global Tariff Pressures

 

NORTH WALES, PA, November 14, 2025 (GLOBE NEWSWIRE) — Toppoint Holdings Inc. (NYSE American: TOPP) (“Toppoint” or the “Company”), a truckload services and logistics provider specializing in the recycling export supply chain, today announced financial results for the third quarter and the nine months ended September 30, 2025. Despite the impact of U.S. tariffs on certain international trade routes, the Company continued to demonstrate resilience and growth across key emerging segments, particularly in metal and import commodities, reflecting the strength of its strategic equipment investments and operational execution.

 

Third Quarter 2025 Highlights

 

●Revenue: $4.49 million, compared to $3.74 million in Q3 2024, a year-over-year increase of 20%.

 

●Strong performance in emerging commodities: Import-related services rose 115% to $1.58 million, and metal shipments increased to $716,000.

 

●Operational investment: Continued fleet upgrades, equipment optimization, and software integration improved efficiency and reduced downtime.

 

●Net loss: $(4.15) million, primarily due to non-cash stock-based compensation of $3.78 million.

 

Nine-Month 2025 Highlights

 

●Revenue: $12.28 million, consistent with $12.17 million in the prior year period.

 

●Import and Metal growth: Combined import and metal segment revenues increased 37%  year-over-year to $5.08 million.

 

●Technology investments: Continued investment in AI-driven logistics and proprietary software infrastructure.

 

●Balance Sheet Strength: Total assets grew to $10.7 million as of September 30, 2025, from $5.0 million at December 31, 2024.

 

●Shareholders’ Equity: Increased to $9.16 million, up from $2.54 million at year-end 2024.

 

 

 

 

 

CEO Commentary

 

“Our growth this quarter demonstrates that having the right equipment and focus on strategic commodities positions us to thrive even amid complex trade environments,” said Hok C. Chan, Chief Executive Officer of Toppoint. “Despite tariff headwinds, our investment in advanced technology, specialized chassis, and cross-port efficiency continues to drive expansion in high-demand verticals such as metals and imports. We’re confident our performance trajectory reflects strength and adaptability in our core markets.”

 

Financial Results

 

Q3 2025 Results of Operations 

 

   Three Months Ended
September 30,		   Increase
(Decrease)		 
   2025    2024    $     % 
Revenue  $4,494,932   $3,736,672   $758,260    20%
                     
Costs and expenses                    
Costs of revenue   3,124,049    3,279,109    (155,060)   (5)%
General and administrative   5,600,635    892,709    4,707,926    527%
    8,724,684    4,171,818    4,552,866    109%
Loss from operations   (4,229,752)   (435,146)   (3,794,606)   (872)%
Total other income, net   83,095    407,762    (324,666)   (80)%
Net loss before income taxes   (4,146,657)   (27,384)   (4,119,272)   (15,042)%
Provision for (benefit from) income taxes   -    138    (138)   (100)%
Net loss  $(4,146,657)  $(27,522)  $(4,119,134)   (14,966)%

 

First Nine Months of 2025 Results of Operations

 

   Nine months Ended
September 30,		    Increase (Decrease)     
   2025    2024    $     % 
Revenue  $12,275,466   $12,167,956   $107,510    1%
                     
Costs and expenses                    
Costs of revenue   9,951,296    10,378,455    (427,159)   (4)%
General and administrative   8,550,152    1,870,654    6,679,498    357%
    18,501,448    12,249,109    6,252,341    51%
(Loss) income from operations   (6,225,982)   (81,153)   (6,144,829)   (7,572)%
Total other income, net   4,170    405,021    (400,851)   (99)%
Net (loss) income before income taxes   (6,221,812)   323,868    (6,545,680)   (2,021)%
Provision for (benefit from) income taxes   (15,159)   96,182    (111,341)   (116)%
Net (loss) income  $(6,206,653)  $227,686   $(6,434,339)   (2,826)%

 

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Condensed Consolidated Balance Sheets

 

  

September 30,
2025

(Unaudited)

   December 31,
2024		 
Assets        
Current Assets        
Cash  $463,352   $557,619 
Accounts receivable, net   1,512,449    1,203,001 
Contract assets   159,038    88,153 
Deferred offering costs   -    398,512 
Prepaid expenses and other current assets   286,752    - 
Total Current Assets   2,421,591    2,247,285 
Other Assets          
Property and equipment, net   1,837,419    1,191,572 
Intangible asset, net   537,742    739,396 
Note receivable   5,250,000    - 
Right-of-use asset, net   512,442    675,561 
Right-of-use asset, net– related party   89,870    82,098 
Security deposit   61,000    50,000 
Total Assets  $10,710,064   $4,985,912 
Liabilities and Shareholders’ Equity          
Current Liabilities          
Accounts payable and accrued expenses  $563,225   $402,552 
Income taxes payable   -    142,093 
Loans payable, current maturities   59,336    3,147 
Related party loan   84,487    1,100,000 
Lease liability, current maturities   163,086    130,552 
Lease liability, current maturities – related party   68,033    - 
Total Current Liabilities   938,167    1,778,344 
Loans payable, net of current maturities   400,073    146,753 
Lease liability, net of current maturities   192,997    331,833 
Lease liability, net of current maturities – related party   16,336    - 
Deferred tax liability   -    187,108 
Total Liabilities   1,547,573    2,444,038 
           
Shareholders’ Equity          
Preferred stock, $0.0001 par value, 50,000,000 authorized, 0 shares issued and outstanding at September 30, 2025 and December 31, 2024   -    - 
Common stock, $0.0001 par value, 300,000,000 shares authorized, 19,400,000 and 15,000,000 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively   1,940    1,500 
Additional paid-in capital   12,966,580    139,750 
(Accumulated Deficit)  Retained earnings   (3,806,029)   2,400,624 
Total Shareholders’ Equity   9,162,491    2,541,874 
Total Liabilities and Shareholders’ Equity  $10,710,064   $4,985,912 

 

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Positioned for Continued Growth

 

Toppoint remains focused on growth across high-margin export categories including metals, import containers, and recyclable commodities and continues to   capture value in the expanding scrap and metals logistics markets. With strategic assets and a growing technology footprint, management anticipates continued progress into 2026.

 

About Toppoint Holdings Inc.

 

Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and logistics provider focused on the recycling export supply chain. The Company transports waste paper, scrap metal, logs, and other commodities from major waste companies and recycling centers to ports along the U.S. East Coast, including Newark, Philadelphia, and Baltimore. Toppoint’s integrated platform leverages AI-driven software   to enhance efficiency and data visibility across its operations. For more information, please visit www.toppointtrucking.com.

 

Forward-Looking Statements

 

Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the Securities and Exchange Commission available at www.sec.gov. 

 

Investor Relations Contact:

 

Toppoint Holdings Inc.
1250 Kenas Road
North Wales, PA 19454
Phone: (551) 866-1320
Email: investors@toppointtrucking.com

 

 

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