Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 98

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 98
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 from suppliers in the United States and arranging direct shipments from the New York port to the designated ports in Malaysia for our customers, mainly pulp mills and paper manufacturers, to pick up. This cross -bordertrade model underscores 73 our ability to efficiently coordinate global logistics and manage complex supply networks. In the fiscal years ended March 31, 2025 and 2024, we generated $1,906,229 and $102,893 from the sale of waste papers that we sourced from suppliers in the U.S., respectively, which accounted for 2.9% and 0.2% of our total revenue for those periods, respectively. In the fiscal year ended March 31, 2025, 14.5%, 7.9% and7.6% of our total revenue were contributed by the customers of our waste paper recycling business located in Japan, East Asia and Southeast Asia, respectively. In the fiscal year ended March 31, 2024, 11.5%, 5.2% and 8.3% of our total revenue were contributed by the customers of our waste paper recycling business located in Japan, East Asia and Southeast Asia, respectively. Waste Papers Processing 74 Paper Pulps Scrap Metal Recycling Business Our scrap metal recycling operations are centered on the procurement and sale of old metal appliances and dismantled metal wires. We acquire obsolete metal products such as motors, engines, air conditioners, and refrigerators from collection companies and sell them to smelters, or trading companies. Additionally, we purchase dismantled metal wires, including copper, aluminum, brass, and iron wires, from dismantling factories, and sell them to downstream metal processing firms, smelters or trading companies. While the operations under our scrap metal recycling business are primarily concentrated within Japan due to the heavier nature of these materials, we also export a portion of our dismantled metal wires to our customers in East Asia and Southeast Asia. In the fiscal years ended March 31, 2025 and 2024, we generated $45,599,553 and $38,217,051 from the sale of old metal appliancesanddismantled metal wires, respectively, which accounted for 69.7% and 74.9% of our total revenue for the fiscal years ended March 31, 2025 and 2024, respectively. In the fiscal year ended March 31, 2025, 57.4%, 8.6% and 3.7% of our total revenue were contributed