2/9/2026

speaker
Operator
Conference Operator

Greetings and welcome to the Jurash Holdings Fiscal 2026 Third Quarter Financial Results Call. At this time, all participants are on a listen-only mode, and the question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. And please note, this conference is being recorded. I will now turn the conference over to your host, Mr. Roger Pondell, Investor Relations. Sir, you may begin.

speaker
Roger Pondell
Investor Relations

Thank you, Operator, and hello, everyone. Good morning. Welcome to Jurasch Holdings Fiscal 2026 Third Quarter Conference Call. I'm Roger Pondell with Pondell Wilkinson, Jurasch Holdings Investor Relations firm. On the call today from the company are Chairman and Chief Executive Officer Sam Choi, Chief Financial Officer Gilbert Lee, Eric Tang, who leads the company's operations in Jordan, and Ringo Ng, the company's head of marketing. Before I turn the call over to Sam, I want to remind our listeners that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set forth in the risk factor section of the company's most recent form, 10-K, as filed with the Securities and Exchange Commission, and copies of which are available on the SEC's website at www.sec.gov, along with other company filings made with the SEC from time to time. Actual results... could differ materially from these forward-looking statements, and Jurasch Holdings undertakes no obligation to update any forward-looking statements except as required by law. And with that behind us, it is my pleasure to turn the call over to Sam Choi. Sam?

speaker
Sam Choi
Chairman and CEO

Thank you, Roger. Jurasch achieved sharply improved financial results across both the top line and bottom lines for the fiscal third quarter. The performance reflected continued growing demand from our long-standing global customers, complemented by initial large orders placed in June from our new strategic partner, Hensel Textile, in Korea. Our collaboration with Hensel is progressing well and delivering mutual benefits as we continue to work together on additional orders for its largest customers, a US-based multinational omni-channel retail company. At the same time, our long-standing global brand customers are seeking to secure greater production capacity with Durange. Turning to our recent announcement just last week, we are very excited about the acquisition of a 184,000-square-foot manufacturing building and land in Amman, Jordan, from the Housing Bank for Trade and Finance. This transaction represents an important milestone as we advance the company's next five-year growth strategy. We plan to establish these facilities at Jerez's new flagship production complex through an additional investment of approximately $3 million in renovations and $2 million in advanced manufacturing equipment. Renovations are anticipated to be completed before the end of 2026. Once fully operational, this strategic investment is expected to increase our manufacturing capacity by at least 40%. This expansion will meaningfully enhance our ability to support growing demand from existing customers while positioning the company to pursue new business opportunities. Since the new physical capacity and advanced technological capabilities allow us to scale responsibly while maintaining the quality and reliability our customers expect. As part of our ongoing strategy, we continue to diversify both our customer base and product mix, which supports more stable year-round production and reduces the impact of seasonality of business. These initiatives, combined with our planned capacity expansion, position us to accommodate growing order volumes across new and expanded product offerings. As we scale, we remain focused on driving further improvements in gross margins while maintaining operational and cost control discipline. With that, I will now turn the call over to Eric Tang, who is in charge of our operations in Jordan. Eric?

Disclaimer

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