Philux Global Group Inc. Reports Decline in Revenue and Increased Net Losses for March 2025

PHI Group, Inc., now known as Philux Global Group Inc., reported its financial results for the three and nine months ending March 31, 2025, revealing a significant decline in revenue and an increase in net losses compared to the previous fiscal period. The company reported no revenues for the current quarter and a total of $5,000 for the nine months ended March 31, 2024, down from $5,000 in the same period last year. Operating expenses for the three months ended March 31, 2025, were $99,662, a decrease from $220,960 in the prior year, while total operating expenses for the nine months were $417,375, down from $653,410. The net loss for the current quarter was $480,682, compared to a loss of $1,690,405 in the same quarter last year, and the nine-month net loss was $2,506,670, down from $6,392,270.

The company's total assets decreased significantly to $32,522 as of March 31, 2025, from $90,856 as of June 30, 2024. This decline was primarily attributed to a reduction in cash and cash equivalents, which fell to $77 from $303. Current liabilities increased to $11,677,465, up from $9,744,823, driven by higher accrued expenses and short-term loans. The stockholders' deficit also widened to $11,644,943 from $9,653,967, reflecting the ongoing financial challenges faced by the company.

Strategically, PHI Group has been focusing on expanding its business operations and partnerships. The company has engaged in several agreements, including a business cooperation agreement with SSE Global JSC to commercialize self-sustainable energy technology and another with Saphia Alkali JSC to finance and distribute proprietary products globally. Additionally, PHI Group is advancing its Philux Global Funds, which aims to invest in various sectors, including renewable energy and real estate. The company is also developing the Asia Diamond Exchange in Vietnam, which is part of its broader strategy to create long-term value for shareholders.

Operationally, the company has not reported any significant changes in customer counts or user statistics, and it continues to face challenges in product adoption and market share. The employee headcount remains stable, with no significant changes reported in the latest filing. The company has indicated that it is actively seeking to identify and acquire valuable resources and businesses with growth potential, although no specific metrics on engagement or geographic expansion were provided in the filing.

Looking ahead, PHI Group has expressed its intention to integrate clean energy technologies into its operations and to continue exploring opportunities for growth through strategic partnerships and investments. However, the company has cautioned that there are no assurances of success in achieving its plans, reflecting the uncertainties inherent in its business model and market conditions. The management's outlook remains cautious as it navigates the challenges of the current financial landscape.