Vanzo improved profitability despite a slight year-on-year revenue decline, with gross profit margin rising from 53.4% to 60.3% due to strategic pricing and a stronger focus on higher-margin products. Net profit also increased 32.1% quarter-on-quarter to RM1.59 million, supported by lower costs and an improved product mix. Meanwhile, the RM14 million IPO proceeds have been fully utilised for business expansion, debt repayment, working capital, and listing expenses.