Leopard Energy Reports Turnaround in Profitability with Increased Revenues and Net Income

Leopard Energy, Inc. reported its financial results for the three and nine months ended April 30, 2025, revealing a significant turnaround in profitability compared to the same period in the previous year. The company generated revenues of $1,333 for the three months and $4,752 for the nine months, a notable increase from $2,014 in the previous year’s quarter and $2,014 for the nine-month period. The net income for the three months was $86,172, compared to a net loss of $144,390 in the prior year, while the nine-month net income stood at $52,869, a substantial improvement from a loss of $199,947.

The financial performance reflects a strategic shift following the acquisition of a 5% royalty interest in a package of oil wells in the Eagle Ford Shale, Texas, completed in January 2024. This acquisition marks Leopard Energy's entry into the energy sector after a change in control in August 2023, when Zenith Energy Ltd. acquired a controlling interest in the company. The transition from a focus on mobile applications to energy production has been pivotal, as the company aims to capitalize on opportunities in the U.S. energy market.

Operationally, the company has seen a reduction in total operating expenses, which were $6,167 for the three months and $42,756 for the nine months, down from $146,243 and $246,951, respectively, in the previous year. This decrease is attributed primarily to a significant reduction in general and administrative expenses. The company’s current assets increased to $10,986 as of April 30, 2025, from $6,432 at the end of the previous fiscal year, while current liabilities decreased to $145,516 from $243,346, indicating improved liquidity.

Despite the positive financial results, Leopard Energy continues to face challenges, including an accumulated deficit of $11,672,081 and a working capital deficit of $134,530. Management has expressed concerns regarding the company's ability to continue as a going concern, emphasizing the need for additional capital to support ongoing operations and future acquisitions. Zenith Energy has committed to providing financial support, which is crucial for the company's expansion plans in the energy sector.

Looking ahead, Leopard Energy aims to pursue further acquisitions in the energy production space while relying on continued financial backing from Zenith Energy. The company’s management remains cautious, acknowledging the uncertainties in securing additional financing and the potential impact of market conditions on its operations. The strategic focus on energy production is expected to shape the company’s future performance as it navigates the evolving landscape of the energy sector.