Lingerie Fighting Championships Reports 26% Revenue Decline in Q2 2025

Lingerie Fighting Championships, Inc. (LFC) reported a significant decline in financial performance for the second quarter of 2025, with revenues of $25,551, down 26% from $34,480 in the same period last year. For the first half of 2025, total revenues were $53,038, a decrease of 33% compared to $79,508 in the first half of 2024. The company attributed this decline primarily to reduced advertising and sponsorship revenues. Despite the drop in revenue, LFC managed to increase its gross profit to $12,901 for the second quarter, up from $11,140 a year earlier, due to a decrease in the cost of services, which fell to $12,650 from $23,340.

Operating expenses rose to $119,620 in the second quarter of 2025, compared to $111,346 in the prior year, largely driven by increased travel costs associated with events in the UK. The company reported a net loss of $2,925,223 for the second quarter, a stark contrast to the net income of $1,389,365 recorded in the same quarter of 2024. This loss was primarily due to a significant increase in other expenses, particularly losses related to changes in the fair value of derivative liabilities, which amounted to $2,688,197.

LFC's balance sheet reflects a working capital deficiency of $7,563,858 as of June 30, 2025, compared to $5,933,668 at the end of 2024. The increase in this deficiency is attributed to rising derivative liabilities and accrued interest payable. The company reported total current assets of $154,268, a substantial increase from $2,193 at the end of 2024, while current liabilities surged to $7,718,126 from $5,935,861. The accumulated deficit also widened to $12,816,510 from $11,170,795.

In terms of strategic developments, LFC has expanded its broadcasting partnerships, adding Maybacks Global, MMATV, and ToroTV, and is in discussions with potential sponsors. The company recently held successful events in the UK, including its best-selling event to date, LFC43: Sindependence Day 2. Additionally, LFC has seen a significant increase in its social media following, nearly doubling from 1 million to 2 million followers in the past three months.

Looking ahead, LFC's management has indicated that the company will continue to seek additional financing to support its operations and growth initiatives. The ability to execute its business plan remains contingent on securing sufficient funding, which raises substantial doubt about the company's ability to continue as a going concern. The company plans to fund future operations through equity financing arrangements, although it acknowledges that these may not be sufficient to cover all capital expenditures and working capital needs for the remainder of 2025.