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J-Star Holding Co., Ltd. ( (YMAT) ) has shared an update.
On December 18, 2025, J-Star Holding Co., Ltd. reported unaudited results for the first half of 2025, showing revenue of $10.6 million for the six months ended June 30, 2025, up 30.7% year on year, driven by roughly fivefold growth in rackets and technical services that more than offset deliberate reductions in lower-margin bicycle volumes and weaker crank sales. Gross profit rose to $2.8 million but gross margin slipped to 26.9% from 30.2% as the company shifted its racket business model and prepared to exit China OEM production, while higher administrative and R&D costs linked to its Nasdaq listing, the launch of premium bike brand QO Bikes and automation work for a planned Texas factory pushed operating income down to $154,000 and net profit after tax to just $5,000; nonetheless, management highlighted the successful $5 million IPO in July 2025, the roll-out of in-house pickleball paddle brand YMA and early steps toward U.S. manufacturing as key strategic moves to reposition the group for higher-growth, higher-value markets.
More about J-Star Holding Co., Ltd.
J-Star Holding Co., Ltd. (Nasdaq: YMAT) is a Taiwan-headquartered holding company operating through subsidiaries in Taiwan, Hong Kong and Samoa, specializing in carbon reinforcement and resin systems. With roots dating back to 1970 and more than 50 years of composites know-how, it designs and manufactures lightweight, high‑performance carbon composite products, including structural parts for electric and sports bicycles, rackets, automobile components and healthcare products, and increasingly positions itself as a solutions provider rather than a traditional OEM, with a growing focus on branded sports and technical services offerings.
Average Trading Volume: 863,361
Technical Sentiment Signal: Strong Sell
Current Market Cap: $11.68M
See more insights into YMAT stock on TipRanks’ Stock Analysis page.