Globavend Holdings Ltd
ir.globavend.comWhat Do They Do?
Provides end-to-end cross-border logistics for e-commerce merchants and operators of e-commerce platforms, including parcel consolidation, air freight forwarding, customs clearance and delivery.
20-F for FY2025, filed Feb 13, 2026Founded in 2016, we are emerging e-commerce logistics provider providing end-to-end logistics solution in Hong Kong, Australia, and New…View ↗
As an e-commerce logistics provider, we provide integrated cross-border logistics services from Hong Kong to Australia and New Zealand…View ↗
Our integrated cross-border logistics services is our dominant business segment, which involve order processing, parcel consolidation…View ↗
How Do They Make Money?
For integrated shipments, enterprise customers pay a fixed price for each order; invoices are generally due 7 to 90 days later, while the service is underway as goods move from origin to destination. For standalone air freight forwarding, customers pay when the service is completed.
20-F for FY2025, filed Feb 13, 2026
-
20-F for FY2025, filed Feb 13, 2026
FY2025 revenue by product or service ↗
$23.6M
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20-F for FY2025, filed Feb 13, 2026
$23.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Integrated cross-border logistics services
Recurring
20-F for FY2025, filed Feb 13, 2026 |
92% |
Integrated cross-border logistics services, FY2025
$21.7M Sources
|
Recurring |
|
Air freight forwarding services
Sold outright
|
7.7%
FY2022: 19%
|
Air freight forwarding services, FY2025
$1.8M Sources
|
Sold outright |
Who Are Their Customers?
Customers are mainly e-commerce merchants and businesses operating e-commerce platforms in Hong Kong. They are primarily direct customers, and the company also seeks new customers through outreach and referrals.
20-F for FY2025, filed Feb 13, 2026Our customers mainly consist of direct customers, who primarily are businesses that operate e-commerce platforms or e-commerce merchants in…View ↗
We have been able to maintain a stable and harmonious business relationship with our existing customers, who are mainly e-commerce…View ↗
In addition to serving our existing customers, we also conduct outreach to potential customers who have no prior business relationship with…View ↗
20-F for FY2025, filed Feb 13, 2026
For the years ended September 30, 2023, 2024 and 2025, our five largest customers accounted for approximately 69.6%, 63.3% and 66.2% of our…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.
20-F for FY2025, filed Feb 13, 2026
$958KView ↗
20-F for FY2025, filed Feb 13, 2026
$683KView ↗
20-F for FY2025, filed Feb 13, 2026
$232KView ↗
How Are They Changing?
Growing. Revenue grew 96% in 4 years, from $12M in FY2021 to $23.6M in FY2025, about 18% a year.
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