• Intelligent Living Application Group posted a net loss of USD 19.35 million for fiscal 2025, widening 424.3%.
• Revenue fell 40.1% to USD 4.49 million on lower units sold, driven by higher and volatile U.S. tariffs.
• Profit margin slid to 2.9%, down 14.6 percentage points, on lower average selling price due to competitive pricing pressure and tariff increases.
• General and administrative expense jumped to USD 14.76 million, reflecting USD 9.63 million of Series A and Series B preferred shares issued to Bong Lau plus USD 1.41 million of ordinary-share equity compensation.
• R&D expense rose to USD 1.65 million as the company terminated its smart lock project in December 2025 due to lack of funding and reduced income tied to tariffs and a slowdown in the U.S. real estate market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intelligent Living Application Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-018930), on April 24, 2026, and is solely responsible for the information contained therein.