Toppoint (TOPP) investor relations material

Executive summary

• Revenue grew 3.2% year-over-year to $16.5 million, driven by import and scrap metal transportation growth.

• Strategic investments in infrastructure, technology, and fleet modernization supported long-term scale.

• Expanded domestic and international footprint, including progress in Mexico and Texas.

• Transitioned to a public company with NYSE American listing in January 2025.

Financial highlights

• Import revenue rose 36.0% to $4.8 million; import loads up 54.7% year-over-year.

• Scrap metal revenue increased 77.4% to $2.0 million; waste metal loads up 94.1%.

• Gross profit declined 71.9% to $497,725; gross margin fell to 3.0% from 11.0%.

• Net loss of $(7.3) million versus net income of $174,871 in 2024, impacted by non-cash stock-based compensation.

• Cash at year-end was $1.2 million; total assets $11.0 million; shareholders' equity $8.6 million.

Segment performance

• Waste paper revenue declined 14.5% to $9.2 million; waste paper loads down 20.5%.

• Import and metal segments showed strong volume and revenue growth.

• Forestry and other segments had mixed performance; forestry loads up 16.2%, others down 54.1%.