HNO International Reports Revenue Growth to $43,708 Amid Ongoing Net Losses

HNO International, Inc. reported its financial results for the three and six months ended April 30, 2025, revealing a revenue of $43,708, a significant increase from zero revenue in the same period last year. The company attributed this revenue to the facilitation of hydrogen equipment delivery and related integration support, where it acted as an agent rather than taking control of the goods. Despite this revenue generation, HNO International recorded a net loss of $470,066 for the three months ended April 30, 2025, compared to a net loss of $570,855 for the same period in 2024. For the six months, the net loss was $1,104,404, slightly higher than the $1,077,928 loss reported in the prior year.

The company's total assets increased to $1,641,095 as of April 30, 2025, up from $1,248,984 at the end of the previous fiscal period. This growth was primarily driven by an increase in cash and property and equipment, which rose to $72,614 and $1,466,535, respectively. However, total liabilities also increased significantly to $3,334,888, compared to $2,646,375 at the end of October 2024, largely due to a rise in accounts payable and advances from related parties. The stockholders' deficit widened to $1,693,793 from $1,397,391, reflecting ongoing operational losses.

Strategically, HNO International has been focusing on expanding its product offerings and market reach. The company has launched new initiatives, including the EcoFlare Power division, which converts flared natural gas into electricity and hydrogen, and the HyGrid™ intelligent microgrid system for off-grid hydrogen production. These developments are part of the company's broader strategy to provide scalable green hydrogen solutions across various sectors, including zero-emission vehicles and decentralized clean power generation.

Operationally, the company has seen changes in its employee headcount and customer engagement metrics. As of April 30, 2025, HNO International's cash position improved, with a cash balance of $72,614 compared to $20,255 at the end of October 2024. However, the company continues to face challenges, including a working capital deficit of $2,627,780, which has raised concerns about its ability to sustain operations without additional funding. The management is actively seeking new capital through equity financing and exploring strategic partnerships to support its business model.

Looking ahead, HNO International acknowledges the uncertainty surrounding its financial future, particularly given its accumulated deficit of $45,430,730. The company is evaluating various options to reduce cash requirements and is focused on attracting investors to support its operations. However, there is no guarantee that these efforts will yield sufficient funding, and the company has expressed substantial doubt about its ability to continue as a going concern over the next year.