Planet Green Holdings Corp. Reports Q2 2025 Financial Results with Increased Revenues and Reduced Net Loss

Planet Green Holdings Corp. reported its financial results for the second quarter of 2025, revealing a slight increase in net revenues to $907,000, up from $904,000 in the same period last year. For the first half of 2025, revenues totaled $1.75 million, a decrease of 27% compared to $2.41 million in the first half of 2024. The decline in revenue was attributed to stagnant sales of high-grade synthetic fuel products and a significant drop in advertising service revenue, which fell to zero from $380,000 in the prior year. Despite the revenue challenges, the company achieved a gross profit of $9,000 for the quarter, a notable improvement from a gross loss of $34,000 in the previous year.

Operating expenses for the second quarter decreased to $697,000 from $915,000 in the same quarter of 2024, primarily due to reduced general and administrative costs. The company reported an operating loss of $688,000, an improvement from a loss of $949,000 in the prior year. The net loss for the quarter was $774,000, significantly lower than the $1.72 million loss reported in the same period last year. This reduction in net loss was largely driven by a decrease in losses from discontinuing operations and lower general and administrative expenses.

In terms of strategic developments, Planet Green has undergone significant organizational changes, including the discontinuation of operations at Shandong Yunchu, which was resolved by the board in April 2025. The company has also focused on its core business areas, which include the import and distribution of animal proteins, high-grade synthetic fuel products, and online advertising services. As of June 30, 2025, the company had cash and restricted cash of $456,100, a substantial increase from $195,145 at the end of 2024, reflecting improved liquidity.

Operationally, Planet Green's total assets increased to $28.14 million as of June 30, 2025, compared to $25.42 million at the end of 2024. However, total liabilities also rose significantly to $18.07 million from $13.72 million, leading to a debt-to-assets ratio of 64.2%. The company reported a working capital deficit of $7.49 million, raising concerns about its ability to continue as a going concern. Management indicated that future operations would depend on executing its business plan and potentially seeking additional funding through private placements or related party financing.

Looking ahead, Planet Green Holdings Corp. remains cautious about its financial outlook, given the accumulated deficit of $149.62 million and ongoing operational challenges. The company plans to focus on improving its core business performance while managing its expenses and exploring financing options to support its working capital needs. The management's ability to navigate these challenges will be critical for the company's future viability.