J-Star Holding Co., Ltd. reported unaudited financial results for the first half of 2025, with revenue increasing by 30.7% to $10.6 million. The company saw a gross margin of 26.9% and delivered a net operating profit of $154,000. J-Star focused on launching branded products and preparing for its Nasdaq IPO, raising $5.0 million.

CEO Sam Van highlighted the company’s growth, with revenue growing over 30% in the first half of 2025. J-Star expanded in rackets and technical services, offsetting reductions in bicycle volumes. The company also launched its first pickleball brand and introduced a premium carbon fiber components brand in partnership with cycling industry veterans.

Looking ahead, J-Star aims to establish U.S.-based manufacturing capabilities to serve the pickleball market. The company’s strategy includes improving inventory management, reducing transportation time, and lowering costs for customers. J-Star plans to set up an automation production line ahead of a planned facility in Texas in the coming months.

In the first half of 2025, J-Star’s total revenue reached $10.6 million, a 30.7% increase from the same period in 2024. Gross profit was $2.8 million, with a gross margin of 26.9%. Operating income decreased by 75.3% to $154,000, and profit after income tax was $5,000. Cash and cash equivalents were $909,995 as of June 30, 2025.

J-Star Holding Co., Ltd. is a leading provider of carbon fiber and composite solutions, with operations in Taiwan, Hong Kong, and Samoa. The company has over 50 years of experience in the material composites industry and specializes in lightweight, high-performance carbon composite products. J-Star focuses on innovation, growth, and expanding into new markets.

Read more at GlobeNewswire: J-Star Announces Interim Financial Results for the First