CEMTREX INC Segments Disclosure
NOTE 3 – SEGMENT AND GEOGRAPHIC INFORMATION
The Company’s reporting segments consist of Security and Industrial Services. Additionally, the Company’s operational structure also reports unallocated corporate expenses. All intersegment transactions have been eliminated and values are presented net of eliminations.
Operating segments
The Company determines its reporting units in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 280, Segment Reporting. The Company evaluates a reporting unit by first identifying its operating segments under ASC 280. The Company operates as two operating segments and unallocated corporate revenue and expenses which is reported in a manner consistent with the internal reporting provided to the chief operating decision-maker. The chief operating decision-maker is responsible for the allocation of resources and assessing the performance of the operating segment and has been identified as Saagar Govil, the CEO of the Company.
Unallocated corporate revenue relates to the realized income on digital assets, corporate expenses mainly relate to payroll and benefits for corporate officers, investor relation expenses, accounting expenses related audit and taxes, legal expenses related to corporate matters, consulting expenses related to accounting and corporate matters, and interest expense on notes payable.
Security
Cemtrex’s Security segment operates under the Vicon brand that delivers innovative software and hardware technologies:
Vicon Industries, a majority owned subsidiary, provides end-to-end security solutions to meet the toughest corporate, industrial, and governmental security challenges. Vicon’s products include browser-based video monitoring systems and analytics-based recognition systems, cameras, servers, and access control systems for every aspect of security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices. Vicon provides innovative, mission critical security and video surveillance solutions utilizing Artificial Intelligence (AI) based data algorithms.
Industrial Services
Cemtrex’s Industrial Services segment operates through the brand, Advanced Industrial Services (“AIS”), that offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. We install high precision equipment in a wide variety of industrial markets like automotive, printing and graphics, industrial automation, packaging, and chemicals, among others. We are a leading provider of reliability-driven maintenance and contracting solutions for the machinery, packaging, printing, chemical, and other manufacturing markets. The focus is on customers seeking to achieve greater asset utilization and reliability to cut costs and increase production from existing assets, including small projects, sustaining capital, turnarounds, maintenance, specialty welding services, and high-quality scaffolding.
Cemtrex Inc. and Subsidiaries
The following tables summarize the Company’s segment information.
| Year ended September 30, 2025 | Year ended September 30, 2024 | |||||||||||||||||||||||||||||||
| Reportable Segments | Reportable Segments | |||||||||||||||||||||||||||||||
| Security | Industrial Services | Corporate | Consolidated | Security | Industrial Services | Corporate | Consolidated | |||||||||||||||||||||||||
| External revenues | $ | 38,398,792 | $ | 38,079,529 | $ | 9,767 | $ | 76,488,088 | $ | 32,021,899 | $ | 34,841,985 | $ | $ | 66,863,884 | |||||||||||||||||
| Cost of revenues | 19,313,038 | 24,886,524 | 44,199,562 | 15,854,560 | 23,531,120 | 39,385,680 | ||||||||||||||||||||||||||
| Gross profit | $ | 19,085,754 | $ | 13,193,005 | $ | 9,767 | $ | 32,288,526 | $ | 16,167,339 | $ | 11,310,865 | $ | $ | 27,478,204 | |||||||||||||||||
| Operating expenses | ||||||||||||||||||||||||||||||||
| General and administrative | 15,204,492 | 8,217,034 | 4,766,959 | 28,188,485 | 16,073,558 | 7,074,828 | 4,436,787 | 27,585,173 | ||||||||||||||||||||||||
| Depreciation and amortization | 300,276 | 936,799 | 1,237,075 | 329,294 | 945,552 | 1,274,846 | ||||||||||||||||||||||||||
| Research and development | 2,353,140 | 2,353,140 | 3,357,455 | 3,357,455 | ||||||||||||||||||||||||||||
| Goodwill Impairment | 530,475 | 530,475 | ||||||||||||||||||||||||||||||
| Operating income/(loss) | $ | 1,227,846 | $ | 4,039,172 | $ | (4,757,192 | ) | $ | 509,826 | $ | (4,123,443 | ) | $ | 3,290,485 | $ | (4,436,787 | ) | $ | (5,269,745 | ) | ||||||||||||
| Other expense, net | $ | (364,994 | ) | $ | (184,807 | ) | $ | (27,274,113 | ) | $ | (27,823,914 | ) | $ | (492,330 | ) | $ | (295,157 | ) | $ | (1,419,117 | ) | $ | (2,206,604 | ) | ||||||||
Unallocated corporate expenses mainly relate to payroll and benefits for corporate officers, investor relation expenses, accounting expenses related to audit and taxes, legal expenses related to corporate matters, interest expense on notes payable, and Series A and B Warrants transaction losses.
| September 30, 2025 | September 30, 2024 | |||||||
| Identifiable Assets | ||||||||
| Security | $ | 17,334,365 | $ | 17,253,328 | ||||
| Industrial Services | 25,865,577 | 24,576,055 | ||||||
| Corporate | 4,588,334 | 2,286,075 | ||||||
| Total Assets | $ | 47,788,276 | $ | 44,115,458 | ||||
The Company generates revenue from product sales and services from its subsidiaries located in the United States, the United Kingdom, and India. Revenue and long-lived asset information for the Company is as follows.
| For the year ended | ||||||||
| Revenues | September 30, 2025 | September 30, 2024 | ||||||
| United States | $ | 71,309,168 | $ | 62,921,388 | ||||
| United Kingdom | 4,740,871 | 3,251,130 | ||||||
| India | 438,049 | 691,366 | ||||||
| $ | 76,488,088 | $ | 66,863,884 | |||||
| Long-lived Assets | September 30, 2025 | September 30, 2024 | ||||||
| United States | $ | 11,370,352 | $ | 10,545,327 | ||||
| United Kingdom | 71,180 | 218,346 | ||||||
| India | 214,431 | 303,283 | ||||||
| $ | 11,655,963 | $ | 11,066,956 | |||||
Cemtrex Inc. and Subsidiaries
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Dec 29, 2025 | Showing above |
| 2018 | Jan 11, 2019 | |
| 2017 | Dec 13, 2017 | |
| 2016 | Dec 28, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.