Nomadar Corp. Reports Q3 2025 Revenue of $378,099 Amid Increased Losses and Operating Expenses

Nomadar Corp. reported its financial results for the third quarter of 2025, revealing a revenue of $378,099 for the three months ended September 30, 2025, and a total of $877,669 for the nine-month period. This marks a significant increase compared to the previous fiscal period, as the company had no revenue reported in the same quarter of 2024. The gross profit for the quarter was $305,505, while the nine-month gross profit stood at $533,981. However, the company also reported a net loss of $496,209 for the third quarter and a net loss of $1,410,286 for the nine months, reflecting an increase in losses compared to $500,413 and $885,064 for the respective periods in 2024.

The financial performance was influenced by increased operating expenses, which totaled $597,330 for the third quarter and $1,341,162 for the nine months, primarily driven by professional fees related to the company's Direct Listing and other operational costs. The company incurred professional fees of $481,237 in the third quarter, which was a 12% increase from the previous year. General and administrative expenses also rose significantly, totaling $126,846 for the quarter, up 86% from the prior year. The increase in costs is attributed to the company's transition to a public entity and the associated legal and compliance requirements.

Strategically, Nomadar has made significant developments, including the completion of its Direct Listing on the Nasdaq Capital Market on October 31, 2025. The company has also entered into various agreements, such as the High Performance Training (HPT) License Agreement with Cádiz CF, which has begun generating revenue through training programs for young athletes. The company reported that approximately 700 athletes have participated in the HPT program since its inception, with a focus on expanding its reach internationally. Additionally, Nomadar has secured a ten-year agreement to use the Mirandilla Stadium for hosting events, which is expected to contribute to future revenue streams.

Operationally, Nomadar's total assets increased significantly to $10.5 million as of September 30, 2025, compared to just $16,657 at the end of 2024. This increase is largely due to the acquisition of a loan receivable from a related party, valued at approximately $8.6 million. The company also reported a working capital deficit of $4.2 million, raising concerns about its ability to continue as a going concern without additional financing. The company plans to address this by pursuing further equity and debt financing, including a capital contribution agreement with its majority shareholder, Sportech, which has committed to provide up to $10 million over the next three years.

Looking ahead, Nomadar's management has expressed uncertainty regarding its ability to secure the necessary funding to support its operations and growth plans. The company is actively seeking additional capital to mitigate its working capital deficit and to fund its strategic initiatives, including the development of the Sportech City project in Cádiz, Spain. The company’s future performance will depend on its ability to generate revenue from its training programs and events, as well as its success in obtaining further financing.