<span item_type="fundamental" item_id="4d3d071feb8dc6c2f0cc99f0caf93c8a" counter_id="ST/US/MWYN" env="prod"></span><span item_type="announcement" item_id="627233590336298753" env="prod"></span><p>Revenue: As of FY2026 Q3, the actual value is USD 1.384 M.</p><p>EPS: As of FY2026 Q3, the actual value is USD -0.03.</p><p>EBIT: As of FY2026 Q3, the actual value is USD -587.75 K.</p><p></p><h4>Segment Revenue</h4><p>Marwynn Holdings, Inc. derives its revenues from three continuing operations segments: Sale of Food and Beverage, Consulting Services, and Sale of recyclable e-waste materials <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</p><h5>For the Three Months Ended January 31, 2026 vs. 2025:</h5><ul><li>Total revenues increased by $760,232, or 121.89%, to $1,383,941 in 2026 from $623,709 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Revenue from Sale of Food and Beverage was $340,192 in 2026, a decrease of -41.34% from $579,960 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Revenue from Consulting Services remained consistent at $43,749 for both periods <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Revenue from Sale of recyclable e-waste materials was $1,000,000 in 2026, up from $- in 2025, representing a 100.00% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li></ul><h5>For the Nine Months Ended January 31, 2026 vs. 2025:</h5><ul><li>Total revenues increased by $708,358, or 93.13%, to $1,468,941 in 2026 from $760,583 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Revenue from Sale of Food and Beverage was $340,192 in 2026, a decrease of -45.56% from $624,846 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Revenue from Consulting Services decreased by -5.15% to $128,749 in 2026 from $135,737 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Revenue from Sale of recyclable e-waste materials was $1,000,000 in 2026, up from $- in 2025, representing a 100.00% increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li></ul><h4>Operational Metrics</h4><h5>For the Three Months Ended January 31, 2026 vs. 2025:</h5><ul><li>Gross profit decreased by -65.80% to $83,655 in 2026 from $244,628 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>. The blended gross profit margin was 6.04% in 2026 compared to 39.22% in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Total operating expenses increased by 295.69% to -$635,262 in 2026 from -$160,545 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Income (loss) from operations was -$551,607 in 2026, a decrease of -756.03% from $84,083 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net income (loss) from continuing operations was -$548,336 in 2026, a decrease of -783.49% from $80,226 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net income (loss) from discontinued operations was $- in 2026, compared to -$56,808 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Total net loss was -$548,336 in 2026, an increase of net loss of $571,754 or 2,441.52% from $23,418 net income in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li></ul><h5>For the Nine Months Ended January 31, 2026 vs. 2025:</h5><ul><li>Gross profit decreased by -49.25% to $168,603 in 2026 from $332,221 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>. The blended gross profit margin was 11.48% in 2026 compared to 43.68% in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Total operating expenses increased by 259.82% to -$3,702,241 in 2026 from -$1,028,912 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Loss from operations was -$3,533,638 in 2026, a decrease of -407.20% from -$696,691 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net loss from continuing operations was -$3,517,720 in 2026, a decrease of -399.93% from -$703,642 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net loss from discontinued operations was -$646,656 for the period from May 1, 2025 to December 22, 2025, compared to $284,160 net income in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Total net loss was -$4,164,376 in 2026, an increase of net loss of $3,744,894 or 892.74% from -$419,482 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li></ul><h4>Cash Flow</h4><h5>For the Nine Months Ended January 31, 2026 vs. 2025:</h5><ul><li>Net cash used in operating activities from continuing operations was -$1,302,397 in 2026 compared to -$1,048,122 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net cash provided by operating activities from discontinued operations was $198,788 in 2026 compared to $767,410 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net cash used in investing activities from continuing operations was -$880,000 in 2026 compared to $- in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net cash used in investing activities from discontinued operations was -$11,900 in 2026 compared to -$56,722 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net cash provided by financing activities from continuing operations was $1,607,213 in 2026 compared to net cash used of -$14,289 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Net cash used in financing activities from discontinued operations was -$382,428 in 2026 compared to -$756,961 in 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li></ul><h4>Unique Metrics</h4><ul><li>Working capital amounted to approximately $2.15 million as of January 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Accounts receivable, net, was $224,999 as of January 31, 2026 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li><li>Share-based compensation expense for the nine months ended January 31, 2026 was $87,875 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</li></ul><h4>Future Outlook and Strategy</h4><p>Marwynn Holdings, Inc. plans to increase FuAn’s revenue by diversifying its markets to ethnic supermarket chains and by becoming a vendor to major food distributors <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>. The company aims to align with long-term growth objectives by focusing resources on core supply chain consulting and food distribution, and by expanding into the e-waste reverse supply chain business through its new subsidiary EcoLoopX Corporation <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>. However, Marwynn Holdings, Inc. acknowledges substantial doubt about its ability to continue as a going concern due to net losses and cash outflows from operations, and may seek additional cash resources through debt or equity financing <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2030522/000121390026028659/ea0281004-10q_marwynn.htm"></span>.</p>

Marwynn | 10-Q: FY2026 Q3 Revenue: USD 1.384 M