EPSMNasdaqWholesale-Beer, Wine & Distilled Alcoholic BeveragesUS GAAP · USD

Epsium Enterprise Ltd

Epsium Enterprise Ltd is a Macau-based importer and wholesale distributor of alcoholic beverages, operating through its Macau subsidiary Companhia de Comércio Luz Limitada. Its portfolio includes Chinese liquor, French cognac, Scotch whisky, fine wine, Champagne, and selected non-alcoholic beverages such as tea and fruit juice.

Liikevaihto5,1milj. USD
−59,1 %v/v
Liikevoitto (EBIT)−1,5milj. USD
−466,8 %v/v
EBIT-marginaali−29,2%
−32,5 %-yks.v/v
Nettotulos−1,5milj. USD
−644,9 %v/v
Vapaa kassavirta−2,4milj. USD
−61,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−100102030milj. USD2022: 11 milj. USD2022: EBIT 1,2 milj. USD20222023: 29 milj. USD2023: EBIT 4,3 milj. USD20232024: 13 milj. USD2024: EBIT 0,41 milj. USD20242025: 5,1 milj. USD2025: EBIT −1,5 milj. USD20255,1−1,5
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Chinese liquor45 %

Wholesale distribution of high-end Chinese liquor products in Macau.

Imported spirits25 %

Imported premium spirits including French cognac and Scotch whisky.

Wine and Champagne20 %

Wholesale sales of fine wine, Champagne, and related alcoholic beverages.

Other beverages10 %

Smaller beverage lines including tea and fruit juice.

Asiakkaat

The company sells primarily to wholesale buyers in Macau that source premium alcoholic beverages for resale or hospitality use. Its customer base likely includes distributors, retail channels, restaurants, bars, hotels, and other trade buyers seeking branded imported beverages and Chinese liquor. Demand depends on trade relationships, product availability, and the attractiveness of premium beverage brands in the local market.

Wholesale trade buyers

Buy alcoholic beverages in volume for resale through their own channels.

Hospitality customers

Hotels, restaurants, and bars that purchase premium spirits and wine for on-premise consumption.

Retail channels

Retail outlets and specialty stores that stock imported beverage alcohol for consumer purchase.

Strategia

The company appears focused on maintaining a premium beverage portfolio in Macau, with Chinese liquor as its most important category. Recent disclosures emphasize investor communication and product-mix visibility, which supports a wholesale model that depends on brand recognition, trade relationships, and reliable distribution execution.

Protect premium category positioningLyhyt aikaväli

Chinese liquor and other premium beverages support the company’s market identity and trade relationships.

Broaden product mixKeskipitkä aikaväli

A wider portfolio can reduce dependence on any single beverage category and deepen customer wallet share.

Strengthen market access in MacauKeskipitkä aikaväli

The wholesale model relies on shelf access, distributor relationships, and trade demand in a concentrated geography.

Maantiede

Epsium’s operating business is centered in Macau, where its subsidiary Luz conducts import and wholesale distribution. The company’s commercial exposure is therefore concentrated in a single market, with Macau serving as both its operating base and its key demand center. The filing also shows investor relations activity and administrative contact points in the United States, but the business itself is Macau-focused.

Riskit

The business is exposed to shifts in Macau consumer and trade demand, as well as broader competition in imported beverage distribution. Because the company depends on a concentrated product set and a single operating geography, changes in supplier availability, regulation, or channel economics can affect performance more than in diversified peers.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Macau market concentration1Demand volatility in premium beverages2Import and supply chain disruption3Alcohol regulation and licensing4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Macau market concentrationVaikutus: KorkeaTodennäköisyys: Korkea

    Most operating activity is tied to one geography, so local demand shifts can have an outsized effect.

    Kohdistuu: Macau wholesale distribution

  2. Demand volatility in premium beveragesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Chinese liquor, cognac, whisky, and wine demand can fluctuate with consumer and trade spending.

    Kohdistuu: Product mix and wholesale volumes

  3. Import and supply chain disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company relies on imported beverage products, which can be affected by sourcing, logistics, and customs issues.

    Kohdistuu: Imported spirits and wine

  4. Alcohol regulation and licensingVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Wholesale alcoholic beverage distribution depends on compliance with local rules and licensing requirements.

    Kohdistuu: Regulatory compliance

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Wholesale beverage sales are usually recognized when control passes, making shipment and delivery timing important.

Vaikutus: Quarter-to-quarter revenue timing

Inventory valuation

Imported beverages can require valuation judgments for aged stock, damage, or slow-moving items.

Vaikutus: Cost of sales and gross profit

Trade allowances and rebates

Distributor pricing may include discounts, rebates, or promotional allowances that reduce reported revenue.

Vaikutus: Net revenue

Foreign currency translation

Imports and overseas sourcing can create currency exposure in purchasing and reporting.

Vaikutus: Operating results and balance sheet translation

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026

Epsium Enterprise Ltd (EPSM) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo