• Loss of $2,042 thousand from continuing operations
• Forsan Limited sold 33.79% interest in Tianxing for $8.3 million
• American Merchant Inc. ceased operations, equipment sold for $4 million
• Remaining assets to be sold, company to delist and wind up

For the year ending 31 March 2025, Merchant House International Ltd recorded a loss of $2,042 thousand from continuing operations, compared to a loss of $2,264 thousand in the previous year. The group's Forsan subsidiary announced the sale of its 33.79% interest in Tianjin Tianxing Kesheng Leather Products Company Limited for approximately $8.3 million, with the final settlement received in January 2025. American Merchant Inc. (AMI) ceased operations in September 2024 following sustained long-term losses, and the company's equipment has been sold for $4 million. The board has initiated the process of preparing the sale of the remaining assets held by AMI, and following a successful divestment, shareholder approval will be sought for the distribution of residual funds to shareholders, voluntary delisting from ASX and a winding up of the group. The company remains financially solvent with sufficient cash reserves to meet its liabilities.