Jiuzi Holdings Inc. Interim Financial Statements for April 2025

SEC Filing 6-K (0001213900-25-069792)

Jiuzi Holdings Inc. filed its interim financial statements for the six months ended April 30, 2025, reporting a net loss of $675,742, a significant improvement from the $15,797,777 net loss in the same period last year. The company's revenues decreased by 57.1% to $978,564, primarily due to the challenging business environment in China. Cost of revenues also decreased by 58.5% to $964,440, in line with the decline in sales. Selling, general, and administrative expenses dropped by 95.96% to $639,085, mainly due to the absence of share-based compensation and credit loss allowances incurred in the previous year. The company had $344,235 in cash and cash equivalents as of April 30, 2025, and management believes it has sufficient funds to meet its working capital requirements for the next 12 months.