• Completed sale of AMI assets, including factory and land, for total proceeds of A$12.5M
• Received US$953,605 government grant previously recorded as liability
• Commenced operations to wind up group subsidiaries and distribute residual funds to shareholders

Merchant House International Limited (ASX: MHI) reported its quarterly activities for the period ending 30 June 2025. The key highlights include the completion of the sale of all AMI assets, including the factory and land, for total proceeds of approximately A$12.5 million. The company also recognized a government grant of US$953,605 (A$1.5 million) that was previously recorded as a liability, as the associated conditions were met in April 2025. With the successful divestment of the AMI assets, the Board has commenced operations to wind up the group subsidiaries, with a view to distributing the residual funds to shareholders, subject to relevant regulatory requirements, taxation advice, and shareholder approvals. Following this process, the company will seek a voluntary delisting from the ASX. As of 30 June 2025, the group had a cash balance of A$25,998,000 in the bank.