Davis Commodities Limited Form 6-K Filing
This Form 6-K filing by Davis Commodities Limited provides unaudited interim financial statements for the six months ended June 30, 2025 and 2024. The company, incorporated in the Cayman Islands, operates primarily through its Singapore-based subsidiaries, specializing in the trading of sugar, rice, and oil and fat products, along with providing warehouse storage and logistic services. The financial statements include consolidated balance sheets, statements of operations and comprehensive income, statements of changes in shareholders' equity, and statements of cash flows. Key financial highlights indicate a significant increase in total assets from $19,688,000 in December 2024 to $40,550,000 in June 2025. Revenues increased from $66,876,000 for the six months ended June 30, 2024, to $95,036,000 for the same period in 2025, although net income decreased from $1,334,000 to $41,000. The company also detailed its organizational structure and significant accounting policies, including revenue recognition and consolidation methods. The filing also includes a press release announcing these financial results.