Leopard Energy Reports Revenue Decline and Net Loss for Fiscal Year Ending July 31, 2026

Leopard Energy, Inc. reported a revenue of $5,863 for the fiscal year ending July 31, 2026, a slight decrease from $5,974 in the previous year. The company experienced a net loss of $34,150, contrasting sharply with a net profit of $31,835 in the prior fiscal year. The decline in profitability is attributed to increased general and administrative expenses, which totaled $34,667, down from $64,922 in 2025, primarily due to reduced consulting and audit costs. The cost of revenue for the year was $4,986, reflecting the depletion of the royalty interest acquired in January 2024.

Significant changes in the company's structure occurred following a change in control in August 2023, when JanBella Group sold its Series A Preferred Shares to Zenith Energy Ltd. This transaction resulted in a shift in management, with new appointments including Luca Benedetto as President and Treasurer. The company has since redirected its focus towards acquiring energy production and development opportunities in the U.S., marking a strategic pivot from its previous mobile application business model.

Operationally, Leopard Energy's first major acquisition in the energy sector was a 5% royalty interest in a package of seven producing oil wells located in the Eagle Ford Shale, Texas. This acquisition is expected to provide ongoing revenue through monthly distributions from oil production, although the company has yet to realize significant cash flows from this investment. As of July 31, 2026, the company reported total current assets of $17,620, an increase from $12,118 in the previous year, while current liabilities slightly rose to $136,598 from $134,932.

The company’s financial health raises concerns about its ability to continue as a going concern, with accumulated losses totaling $11,727,265 and a working capital deficit of $118,978 as of July 31, 2026. Zenith Energy has provided substantial financial support, totaling approximately $421,007 in capital contributions since the change in control, indicating a commitment to fund Leopard Energy's expansion into the energy sector. However, the company acknowledges the need for additional capital to sustain operations and pursue further acquisitions.

Looking ahead, Leopard Energy plans to continue its focus on the U.S. energy sector, with intentions to acquire additional royalty interests and ownership stakes. The company is exploring various financing options, including equity or debt securities, to support its operational needs and growth strategy. Despite the challenges faced, management remains optimistic about the potential for future profitability as it navigates the competitive landscape of energy production and development.