Toppoint Holdings Inc.

What Do They Do?

Hauls waste paper and other recyclable goods, and moves imported cargo for recycling businesses, commodity traders and importers.

How Do They Make Money?

Waste-paper hauling is the largest service; customers pay for each truckload delivery when the goods reach their final destination.

revenue

Segment	Share	How money arrives
Paper Sold outright	55%	Sold outright
Import Sold outright	29%	Sold outright
Metal Sold outright	12%	Sold outright
Log Sold outright	2.1%	Sold outright
Plastic Sold outright	1.0%	Sold outright

Who Are Their Customers?

Customers include recycling and waste companies, recycling centers, commodity traders and importers. Some exporter and importer relationships are direct; log customers can place orders online or by email.

Do Revenues Turn Into Profits?

No. It lost $7.3M in FY2025.

Operating income, FY2025

−45% of revenue

▲ +1042% (Loss) vs FY2024 (−$645.8K, −4%)

Net income, FY2025

−44% of revenue

▼ Now a loss vs FY2024 ($174.9K, 1%)

Free cash flow, FY2025

−13% of revenue

▲ +19% (Loss) vs FY2024 (−$1.8M, −11%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +17%; vs $4M in Q2 FY2025
Net income: ▼ −80% (Loss); vs −$1.5M in Q2 FY2025

Paper share of revenue vs 52.5% in Q2 FY2025

Apr 16, 2026 Interim CFO resigned and a new CFO was appointed Randy Yeo resigned, and Pei Zhang was appointed CFO.

Revenue over time

Paper Import Metal Log Plastic

$20M$10M$0

FY2023 FY2024 FY2025

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