AVALON HOLDINGS CORPORATION ANNOUNCES THIRD QUARTER RESULTS
Financial Performance: Avalon Holdings Corporation reported net operating revenues of $25.7 million for Q3 2025, an increase from $24.2 million in Q3 2024, with net income attributable to shareholders rising to $1.9 million from $1.8 million year-over-year.
Year-to-Date Results: For the first nine months of 2025, net operating revenues decreased to $62.1 million compared to $66.2 million in the same period of 2024, with net income dropping to approximately $0.7 million from $1.8 million.
Earnings Per Share: Basic net income per share for Q3 2025 was $0.49, up from $0.47 in Q3 2024, while for the first nine months, it fell to $0.17 from $0.47 year-over-year.
Business Operations: Avalon Holdings provides waste management services and operates various recreational facilities, including hotels, golf courses, and a multipurpose recreation center, primarily in the northeastern and midwestern U.S. markets.
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Airwallex Acquires Majority Stake in PT Skye Sab Indonesia to Expand Global Financial Infrastructure
- Market Expansion: Airwallex's acquisition of a majority stake in PT Skye Sab Indonesia enables Indonesian merchants to leverage its global financial infrastructure for international expansion and improved financial management, further solidifying its position in the Asia-Pacific market.
- Funding Support: This acquisition follows Airwallex's successful $330 million Series G fundraising, achieving an $8 billion valuation, which represents a 30% increase from six months ago, providing robust financial backing for its continued growth in Indonesia and globally.
- Technological Innovation: Airwallex plans to roll out specialized AI agents to enhance the speed, accuracy, and efficiency of cross-border operations, leveraging its scalable financial infrastructure to advance

Airwallex Raises $330 Million in Series G Funding, Valued at $8 Billion
- Successful Funding: Airwallex raised $330 million in its Series G funding round, achieving a valuation of $8 billion, reflecting a ~30% increase since its Series F round six months ago, indicating strong investor confidence in its growth potential.
- U.S. Market Expansion: The company plans to invest over $1 billion from 2026 to 2029 to scale its U.S. operations and aims to double its U.S. headcount to over 400 employees within the next 12 months, enhancing its competitive edge in the global financial market.
- AI Team Development: Airwallex is building a specialized team of AI agents to automate financial workflows, which is expected to significantly improve operational efficiency and reduce manual intervention, thereby solidifying the company's leadership in intelligent finance.
- Global Headquarters Establishment: The company has established a second global headquarters in San Francisco to centralize its core product, engineering, and market teams at the epicenter of global AI innovation, further strengthening its strategic positioning in the U.S. market.






