--- title: "Aureus Greenway | 10-K: FY2025 Revenue: USD 2.964 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/281248275.md" datetime: "2026-03-31T21:17:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281248275.md) - [en](https://longbridge.com/en/news/281248275.md) - [zh-HK](https://longbridge.com/zh-HK/news/281248275.md) --- # Aureus Greenway | 10-K: FY2025 Revenue: USD 2.964 M Revenue: As of FY2025, the actual value is USD 2.964 M. EPS: As of FY2025, the actual value is USD -0.27. EBIT: As of FY2025, the actual value is USD -3.764 M. ### Segment Revenue - **Golf Operations**: Revenue decreased by -11% from $2,443,178 in 2024 to $2,174,376 in 2025 . - **Annual Membership Dues**: Decreased by -4% from $303,542 in 2024 to $290,177 in 2025, accounting for 9% and 10% of total revenue, respectively . - **One-time Green Fees**: Decreased by -12% from $2,139,636 in 2024 to $1,884,199 in 2025, contributing 65% and 64% to total revenue, respectively . Total rounds played decreased by -9% from approximately 56,000 to 51,000, and the average price per round decreased by -3% from $38 to $37 . - **Sales of Food and Beverage**: Revenue decreased by -5% from $648,738 in 2024 to $614,997 in 2025, representing 20% and 21% of total revenue, respectively . - **Sales of Merchandise**: Revenue decreased by -9% from $115,262 in 2024 to $105,380 in 2025 . - **Ancillary Revenue**: Decreased by -24% from $91,183 in 2024 to $69,624 in 2025 . ### Operational Metrics - **Total Operating Costs**: Increased by 112% from $3,480,393 in 2024 to $7,370,576 in 2025 . - **Golf Operating Costs**: Increased by 3% from $1,367,958 in 2024 to $1,413,436 in 2025 . - **Cost of Food and Beverage Sales**: Increased by 10% from $186,602 in 2024 to $204,653 in 2025 . - **Cost of Merchandise Sales**: Increased by 4% from $54,876 in 2024 to $57,124 in 2025 . - **Salaries and Benefits**: Increased by 356% from $724,157 in 2024 to $3,300,897 in 2025, largely due to increased stock-based compensation, directors’ fees, and the CFO’s salary . - **Depreciation**: Increased by 10% from $201,113 in 2024 to $220,500 in 2025, primarily due to additions to property and equipment . - **Legal and Professional Fees**: Increased by 144% from $300,281 in 2024 to $733,397 in 2025 due to corporate exercises and consultancy fees . - **Other General and Administration Expenses**: Increased by 123% from $645,406 in 2024 to $1,440,569 in 2025 . - **Loss from Operations**: Increased significantly from - $182,032 in 2024 to - $4,406,199 in 2025 . - **Other Income (Expense), Net**: Increased by $618,489 from $19,268 in 2024 to $637,757 in 2025, mainly due to dividend income . - **Income Tax (Benefits) Expenses**: The company recorded income tax benefits of - $91,412 in 2025, compared to expenses of $20,936 in 2024 . ### Cash Flow - **Net Cash Used in Operating Activities**: - $2,028,348 in 2025, compared to net cash provided of $89,676 in 2024 . - **Net Cash Used in Investing Activities**: - $1,067,230 in 2025, up from - $133,457 in 2024, primarily due to purchases of property and equipment for renovations . - **Net Cash Generated from Financing Activities**: $31,306,605 in 2025, a substantial increase from - $145,371 in 2024, driven by net proceeds from common stock issuance and pre-funded warrants . ### Unique Metrics - **Contribution to Total Club Revenue (2025)**: Kissimmee Bay accounted for 61% and Remington for 39% . - **Food and Beverage Net Margin Goal**: Aureus Greenway Holdings Inc. aims to achieve a net margin of approximately 20% in its food and beverage services . - **Rounds of Golf Played (2025)**: Kissimmee Bay hosted 51,000 rounds, and Remington hosted approximately 23,000 rounds . - **Memberships (as of December 31, 2025)**: Kissimmee Bay had 100 members, and Remington had 30 members . ### Outlook / Guidance Aureus Greenway Holdings Inc. plans to continue promoting and operating its golf country clubs over the next twelve months to attract and retain customers and increase revenue . The company successfully completed major renovations in Q3 2025, including new TiffEagle greens at Remington Golf Club and extensive clubhouse renovations at Kissimmee Bay Country Club . Additionally, the company intends to review and expand its portfolio through regional country club acquisitions . ### Related Stocks - [AGH.US](https://longbridge.com/en/quote/AGH.US.md) - [PUSA.US](https://longbridge.com/en/quote/PUSA.US.md) ## Related News & Research - [Aureus Greenway says Powerus lands $50M ESG raise pre-merger](https://longbridge.com/en/news/282213581.md) - [Aureus Greenway Holdings Inc. 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