Freedom Holdings Reports Revenue Growth but Increased Net Losses for Three and Nine Months Ending June 30, 2025

Freedom Holdings, Inc., also known as Freedom Acquisition Corp, reported its financial results for the three and nine months ending June 30, 2025, revealing a significant increase in revenue compared to the same period in the previous year. The company generated revenues of $139,375 for the three months ended June 30, 2025, and $816,528 for the nine months ended June 30, 2025, marking a substantial shift from no revenue reported during the same periods in 2024. The increase in revenue is attributed to Power Purchase Agreements (PPAs) entered into with third parties, which have begun to contribute to the company's financial performance.

Despite the revenue growth, Freedom Holdings reported a net loss of $196,785 for the three months and $451,902 for the nine months ended June 30, 2025. This represents an increase in losses compared to the previous year, where the company recorded a net loss of $234,448 for the three months and $255,137 for the nine months ended June 30, 2024. The rise in operating expenses, which totaled $1,184,878 for the nine months ended June 30, 2025, compared to $280,517 in the prior year, is primarily linked to the operational expansion following the acquisition of The Awareness Group (TAG) in September 2024.

The company’s total assets increased significantly to $61,671,209 as of June 30, 2025, up from $29,049,999 as of September 30, 2024. This growth is largely due to the acquisition of solar assets and the recognition of investment tax credits amounting to $3,546,414. Additionally, notes receivable surged to $11,676,591 from $150,000, reflecting the company's strategic focus on expanding its renewable energy initiatives. However, total liabilities also rose to $30,923,671, primarily due to accrued project costs and deferred revenues.

Operationally, Freedom Holdings has seen a notable increase in its asset base, particularly in solar equipment, which now stands at $25,358,322. The company has also maintained a working capital surplus of $3,286,233, which is expected to support ongoing operations. However, the company continues to face challenges, including an accumulated deficit of $10,886,013 and substantial doubt about its ability to continue as a going concern without consistent revenue generation and positive cash flows.

Looking ahead, Freedom Holdings plans to focus on raising capital to support its growth initiatives and operational needs. The management has indicated that future liquidity requirements will be met through cash generated from operations and potential financing. However, the company acknowledges the uncertainty surrounding its ability to generate sufficient cash flow and secure additional funding on favorable terms, which could impact its operational viability in the long term.