GHST World Inc. reported its financial results for the six months ending December 31, 2025, revealing a significant decline in revenue compared to the same period in the previous year. The company generated $13.9 million in revenue for the six months ended December 31, 2025, down from $50.6 million in the prior year. For the three months ending December 31, 2025, revenue was $10.4 million, an increase from $4.9 million in the same quarter of 2024. Despite the increase in quarterly revenue, the company sustained net losses of $50.2 million for the six months and $15.9 million for the three months, although these losses were lower than the $58.4 million and $45.7 million reported in the respective prior periods.
The company’s operating expenses also decreased significantly, totaling $64.8 million for the six months ended December 31, 2025, compared to $109 million in the same period of 2024. This reduction in expenses was primarily attributed to lower general and administrative costs and patent development expenses. The company reported a cash balance of $1.1 million as of December 31, 2025, a decrease from $2.5 million at the end of June 2025. GHST World Inc. continues to rely heavily on advances from related parties, which amounted to $489.8 million as of December 31, 2025, up from $417.8 million in June 2025.
Strategically, GHST World Inc. is focusing on the development of its Smart Shin Guard, a wearable device designed for athletes that incorporates data collection technology. The company is also pursuing opportunities in the clean energy sector, particularly through agreements for solar energy projects in Italy. These initiatives are part of a broader strategy to diversify revenue streams and capitalize on emerging markets. However, the company has expressed substantial doubt about its ability to continue as a going concern without raising additional capital or generating consistent revenue.
Operationally, GHST World Inc. has not yet achieved material revenue from its new clean energy business, which is still in the development phase. The company has not generated consistent revenue from its existing operations, which has hindered its ability to offset operating losses. The company’s management has indicated that it will need to raise at least $250,000 to meet its working capital needs over the next 12 months. The company is also facing challenges related to market conditions, including inflation and interest rates, which may impact its ability to secure financing.
Looking ahead, GHST World Inc. aims to implement its business plan and begin marketing its products, including the Smart Shin Guard, while also pursuing revenue opportunities in the clean energy sector. However, the company acknowledges that achieving profitability will require overcoming significant operational and financial hurdles. The management's outlook remains cautious, emphasizing the need for additional financing and successful execution of its strategic initiatives to ensure the company's viability in the coming year.
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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