JBDI News & Events

JBDI Holdings announced that it has received a written notification dated January 7 from the Listing Qualifications Department of The Nasdaq Stock Market, which stated that the company's ordinary shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). In accordance with Listing Rule 5810(c)(3)(C), the company is provided 180 calendar days, or until July 6, to regain compliance with the rule. "We are cognizant of the value to our shareholders of the listing of our shares on Nasdaq given the liquidity and pricing efficiency that the exchange provides. We pledge our best efforts towards improved performance which we believe will allow us to meet the continued listing standards," stated Lim Chwee Poh, the Chief Executive Officer and an Executive Director.

Reports FY25 revenue $8.445M vs $9.394M last year. Lim Chwee Poh, Executive Director and Chief Executive Officer, stated: "Fiscal year 2025 presented challenges from subdued demand and cost pressures in our core markets, particularly Singapore. Despite the revenue decline and resulting net loss, we achieved meaningful progress through our IPO, which strengthened our balance sheet and positioned us for strategic growth. Our focus remains on enhancing operational efficiency, diversifying procurement to mitigate cost volatility, and expanding recycled materials services to align with sustainability trends. We are optimistic about recovering demand in fiscal year 2026 as industrial sectors stabilize."

JBDI Holdings announced that it has received notice from Nasdaq informing the company that it has regained compliance with the periodic filing requirement under Nasdaq Listing Rule 5250(c)(1), and that the company was therefore in compliance with the Nasdaq Capital Market's listing requirements.