SOLIS closed the first half of our 2025 Financial Year (May 1–October 31, 2024) with a cash position of $10,694,219, due in large part to the proceeds of the IPO. For this period, we posted a net profit after tax of $1,144,326. This was lower than the net profit posted in the corresponding period of the 2024 Financial Year, due to reduced revenue as well as an increase in administrative costs driven by additional warehousing and compliance costs connected with the IPO.
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