GHST World Inc. Reports Revenue Growth but Sustains Net Losses, Shifts Focus to Clean Energy

GHST World Inc. reported significant changes in its financial performance for the three and nine months ended March 31, 2025, compared to the same periods in the previous fiscal year. The company generated revenues of $4,755 for the three months and $55,359 for the nine months, marking increases from $431 and $40,126, respectively. Despite this revenue growth, GHST World Inc. sustained net losses of $31,532 for the three months and $89,963 for the nine months, although these figures represent a decrease in losses compared to $27,915 and $464,714 in the prior year periods. The reduction in net loss for the nine-month period was primarily attributed to the absence of substantial product development costs, which had totaled $324,523 in the previous year.

The company’s total operating expenses decreased significantly to $145,322 for the nine months ended March 31, 2025, down from $504,764 in the same period last year. This decline was driven by a reduction in general and administrative expenses, which fell to $136,358 from $180,241, and the absence of product development costs in the current period. However, GHST World Inc. did incur $8,964 in patent development costs during the current fiscal year, compared to no such costs in the previous year. The company’s accumulated deficit increased to $13,971,912 as of March 31, 2025, from $13,835,379 a year earlier.

Strategically, GHST World Inc. is pivoting towards the clean energy sector through its subsidiary, Insside World Inc. The company has entered into several agreements to acquire surface rights for solar energy projects in Italy, with plans to construct solar plants in collaboration with Green Capital SRL. These agreements are contingent on Green Capital securing the necessary funding, estimated to be between $7 million and $10 million for the construction of a solar plant. The company anticipates that operations could commence within nine to twelve months following the capital raise.

Operationally, GHST World Inc. reported a cash balance of $144 as of March 31, 2025, a significant decrease from $18,302 at the end of the previous fiscal year. The company has relied heavily on advances from related parties, which amounted to $387,595 as of the latest reporting date. The company’s management has expressed substantial doubt about its ability to continue as a going concern without raising additional capital or generating consistent revenue. Looking ahead, GHST World Inc. is focused on finalizing its energy business structure and exploring partnerships to enhance the market readiness of its Smart Shin Guard product, although no assurances can be made regarding the success of these initiatives.