GHST World Inc. reported a modest increase in revenue for the fiscal year ending June 30, 2025, generating $60,469 compared to $40,916 in the previous year. Despite this growth, the company continued to face significant financial challenges, posting a net loss of $182,848, a decrease from the $511,284 loss reported in the prior fiscal year. The reduction in losses was attributed to a decline in general and administrative expenses, which fell to $230,160 from $540,069. The company has accumulated losses totaling $14.1 million since its inception, raising concerns about its ability to continue as a going concern without additional financing.
In terms of strategic developments, GHST World has shifted its focus towards clean energy initiatives through its subsidiary, Insside World Inc. The company has entered into several preliminary agreements for solar energy projects in Italy, including the acquisition of surface rights for land intended for solar plant construction. These agreements are contingent upon securing necessary capital, which is currently being sought by Green Capital SRL, a special purpose entity involved in the projects. The company aims to leverage these agreements to generate revenue from electricity sales, although no assurances can be made regarding the success of these ventures.
Operationally, GHST World has not yet established a consistent customer base or significant product adoption rates. The company is still in the development phase for its primary product, the Smart Shin Guard, which combines protective sports equipment with data collection technology. The completion of product development has been delayed due to limited capital resources, and the company is actively seeking partnerships and funding to expedite this process. As of June 30, 2025, GHST World had no full-time employees, relying instead on part-time services from its officers.
Looking ahead, GHST World has expressed a need for substantial additional financing to support its operations and product development. The company estimates it will require at least $250,000 to meet its working capital needs over the next 12 months. Management has indicated that the ability to raise this capital will be critical to the company's future, particularly as it navigates the challenges of entering competitive markets in both the sports technology and clean energy sectors. The company remains optimistic about its prospects but acknowledges the inherent risks and uncertainties associated with its business model and market conditions.
About GHST World Inc.
GHST World Inc. develops and markets innovative sports technology, notably the Smart Shin Guard, which monitors athlete performance metrics through patented data collection and analysis. The company focuses on athletic markets, primarily soccer, offering products for casual and professional athletes. It relies on intellectual property, strategic partnerships, and technological innovation to gain competitive advantages in sports analytics and wearable equipment markets.
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