Company: WELNF
Filing Date: 2025-11-12
Form Type: DEFM14A
Source: 0001104659-25-109577
Chunk: 406

Company: Integrated Wellness Acquisition Corp
Filing Date: 2025-11-12
Form: DEFM14A
Chunk 406
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 Q2 2025 and achieved an increase of $122,753 or 24% for the six months ended June 30, 2025. Cost of Sales Cost of sales decreased to $900,091 in Q2-2025 from $1,035,281 in Q2-2024. This is a decrease of $135,190 or 13%. For the six months ended June 30, 2025, cost of sales decreased to $1,749,713 compared to $2,374,861 in the prior-year period, a decline of $625,148, or 26%. Changes in foreign currency exchange rates reduced cost of sales by $25,723 in Q2-2025 and $66,607 for the six months ended June 30, 2025. For a discussion of the effect of foreign exchange rates on cost of sales see “Effect of Foreign Exchange Rates” herein. Cost of sales decreased primarily as a result of decrease in sales volume within the Hong Kong Food Products segment. Cost of sales recorded during the period was decreased by $48,767 or 100% in Q2 2025 and $404,279, or 100% for the six months ended June 30, 2025. The Australia manufactured furniture segment recorded a decrease of $109,937 or 13% in Q2 2025, decrease by $299,763 or 17% for the six months ended June 30, 2025. The Australia third-party produced furniture and home goods segment recorded a increase of $23,514 or 17% in Q2 2025 and increase of $78,894 or 32% for the six months ended June 30, 2025. Gross Profit Gross profit decreased to $229,260 in Q2-2025 from $283,609 in Q2-2024. For the six months ended June 30, 2025, gross profit decreased to $532,151 from $527,832 in the prior-year period as a result of decreased sales volume and product mix within the Australia third party produced furniture and home goods and also decrease in revenue of Australia manufactured furniture segment. Further, despite the reduction of gross profit value, gross profit margin had decreased from 22% in Q2-2024 to 20% in Q2-2025. However, the gross profit margin had increased from 18% for the six months ended June 30, 2024 to 23% for the