Leopard Energy Reports Net Loss of $8,966 and Revenue Decline for Nine Months Ended April 30, 2026

Leopard Energy, Inc. reported its financial results for the three and nine months ended April 30, 2026, revealing a net loss of $8,966, compared to a profit of $52,869 during the same period in the previous year. Revenue for the nine months totaled $3,804, a decrease from $4,752 in the prior year. The company attributed the loss primarily to general and administrative expenses, which amounted to $12,500, significantly lower than the $42,756 incurred in the same period last year. The reduction in operating expenses reflects a strategic shift in the company's focus from mobile applications to energy sector investments.

The company's total assets increased to $54,932 as of April 30, 2026, up from $51,398 at the end of the previous fiscal year. Current assets rose to $15,652, compared to $12,118 in July 2025. However, current liabilities also decreased to $117,932 from $134,932, indicating improved management of payables. Despite these changes, the company reported an accumulated deficit of $11,702,081, raising concerns about its ability to continue as a going concern.

Leopard Energy has undergone significant strategic changes since its acquisition by Zenith Energy Ltd. in August 2023. The company shifted its focus to the energy sector, specifically targeting investments in royalty interests in oil production. In January 2024, it acquired a 5% royalty interest in a package of seven producing oil wells in the Eagle Ford Shale, marking its first venture into U.S. energy production. This acquisition is expected to provide a monthly distribution of revenues, although the company has yet to achieve significant revenue from its operations.

As of April 30, 2026, the company maintained a consistent employee headcount of 1,272,917 shares outstanding. The management has indicated that it will continue to rely on financing from Zenith Energy to support its operations and expansion into the energy sector. The company plans to raise additional capital through equity or debt financing, although it faces uncertainties regarding market conditions and investor sentiment.

Looking ahead, Leopard Energy's management acknowledges the need for additional working capital to sustain operations and pursue further acquisitions in the energy sector. The company is actively monitoring its cash flow and revenue generation capabilities while exploring various financing options. However, the lack of guaranteed financing arrangements poses a risk to its operational continuity, and management remains cautious about the company's future performance amid ongoing market challenges.