MACAU, Dec. 29, 2025 /PRNewswire/ -- CL Workshop Group Limited (the "Company") (NASDAQ:NWGL), a global leading vertically-integrated forestry company headquartered in Macau that focuses on forest management, and manufacturing and trading of wood products and is developing carbon sink business, today announced its unaudited financial results for the six months ended June 30, 2025.

The following discussion and analysis of the financial conditions and results of operations should be read in conjunction with our condensed consolidated financial statements in this filing.

Overview:

Revenue was approximately $8.9 million for the six months ended June 30, 2025, of which 0.8 million was derived from discontinued operation, representing a decrease of approximately 24.8% from the same period in 2024.

Profit for the period was approximately $0.1 million for the six months ended June 30, 2025 while the loss for the period ended June 30, 2024 was approximately $0.2 million.

Six Months Financial Results Ended June 30, 2025

Apart from the pressure of global economic downturn following the COVID-19 pandemic, the unfavorable conditions including the Russia-Ukraine war, the Israel-Palestine conflict and the downturn in property market in China continue to affect the home building and home renovation products market in Europe and China.

While the ongoing geopolitical tensions and market challenges continue to impact our business, the Company has been actively implementing cost optimization strategies and exploring new revenue streams, such as carbon credit income and decorative plywood, to navigate through these turbulent times and position ourselves for future growth.

Revenue. Revenue decreased by approximately 24.8% to approximately $8.9 million for the six months ended June 30, 2025 from $11.9 million for the six months ended June 30, 2024 while the revenue net of discontinued operation was $8.1 million, representing a decrease of 9.9%. The decrease in revenue was mainly due to the drop of both market demand and market prices of our products following the global economic downturn that has continuously impacted the home building and home renovation sectors. The outbreak of Chinese property sector crisis and US-China tariffs have further worsened the revenue in China.

Selling and distribution expenses. Selling and distribution expenses (excluded discontinued operation portion) decreased by approximately 26.2% from approximately $1.4 million for the six months ended ...