Advanced Oxygen Technologies Reports Modest Revenue Increase and Net Income Growth for Three and Nine Months Ending March 31, 2025

Advanced Oxygen Technologies, Inc. reported its financial results for the three and nine months ending March 31, 2025, revealing a modest increase in revenue and net income compared to the same period in the previous year. The company generated total revenues of $10.6 million for the three months ended March 31, 2025, slightly down from $10.8 million in the prior year. For the nine-month period, revenues increased to $34.7 million from $31.9 million, primarily driven by lease revenues from its subsidiary, Anton Nielsen Vojens, ApS. The net income for the three months was $2.8 million, up from $2.5 million, while the nine-month net income rose to $3.5 million from $2.8 million.

The financial performance reflects a strategic focus on lease revenues, which accounted for all of the company's income during the reporting periods. Operating expenses for the three months increased to $5.5 million from $5.4 million, with general and administrative expenses rising slightly. The company reported a working capital deficit of $232,599 as of March 31, 2025, compared to $110,622 at the end of the previous fiscal year, largely due to increased current liabilities, including advances from related parties.

In terms of operational developments, Advanced Oxygen Technologies continues to rely heavily on its real estate leasing business, with its Danish subsidiary being the sole source of revenue. The company has not reported any retail customers for its other subsidiary, Sharx DK ApS, during the reporting periods. The total assets of the company decreased to $644,509 from $675,214, primarily due to cash reductions and changes in liabilities. The company maintained a consistent employee headcount of 3,292,945 shares of common stock outstanding throughout the reporting periods.

Looking ahead, Advanced Oxygen Technologies is actively seeking opportunities for growth through potential acquisitions or mergers that could enhance its earnings potential. The company is in discussions with various entities but has not finalized any agreements. Management has indicated challenges in financing growth and is focusing on raising capital and securing lines of credit to support its strategic initiatives. The outlook remains cautious, with the company acknowledging the risks associated with market conditions and the need for effective capital management.