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Marwynn Holdings Inc

marwynnholdings.com

What Do They Do?

Sells recyclable e-waste materials to traders and downstream commercial customers, and supplies food and non-alcoholic beverages and related supply-chain services to wholesalers. Plans AI applications and infrastructure services for enterprise clients.

How Do They Make Money?

The company sells recyclable materials to traders and downstream commercial customers, with sales counted upon delivery. Food sales are counted when customers accept delivered goods, while consulting income is earned over the service period.

revenue
SegmentShareRevenue
Revenue from food and beverage sales
Sold outright

13%
Revenue from consulting services
Recurring

16%
Revenue from recyclable e-waste materials sales
Sold outright

71%

Who Are Their Customers?

FuAn serves food-industry wholesalers and supermarket and grocery stores. E-waste sales go to traders and downstream commercial customers, while consulting clients buy supply-chain and brand-management services.

Customers above 10% of revenue, FY2026
of revenue from two customers (71%, 12%)
FY2025: 85% from two customers

Do Revenues Turn Into Profits?

No. It lost $3.9M in FY2026.

Operating income, FY2026
−77% of revenue
▼ −25% (Loss) vs FY2025 (−$4.4M, −541%)
Net income, FY2026
−92% of revenue
▼ −11% (Loss) vs FY2025 (−$4.4M, −547%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Jul 31, 2026
Revenue
▲ +2544%
vs $41.3K in Q1 FY2026
Net income
▼ −96% (Loss)
vs −$2.7M in Q1 FY2026
Revenue from recyclable e-waste materials sales share of revenue
Revenue over time
Revenue from food and beverage sales Revenue from consulting services Revenue from recyclable e-waste materials sales
$5M$2.5M$0

Who Do They Compete With?

Competes with Tai Foong USA, Schwan’s Consumer Brands, Anjinomoto, Waste Management, Republic Services, and Sims Lifecycle Services

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