T-REX Acquisition Corp. Reports 105% Revenue Growth but Incurred Net Loss in Fiscal Year Ending June 30, 2025

T-REX Acquisition Corp. reported significant financial developments in its recent 10-K filing for the fiscal year ending June 30, 2025. The company generated revenues of approximately $32.4 million, a notable increase of 105% from $15.8 million in the previous fiscal year. This growth was primarily attributed to the resumption of mining operations at its newly acquired co-location facility in Orofino, Idaho, which began operations on March 21, 2025, after a temporary suspension in March 2024. However, the company also reported a net loss of $2.54 million for the year, compared to a loss of $1.02 million in the prior year, reflecting increased operational costs and stock-based compensation.

Operationally, T-REX has expanded its capabilities by acquiring a data center and launching hosting services, which contributed to a rise in costs of revenue to $118,592 from $30,258 in the previous year. The increase in costs was driven by the recommencement of mining operations and the associated expenses of running the new facility. The company also reported a significant rise in operating expenses, totaling $2.08 million, up from $996,327 in the previous year, largely due to increased stock-based compensation and management fees.

As of June 30, 2025, T-REX's total assets amounted to $774,328, with current liabilities reaching $1.33 million, resulting in a working capital deficit of $1.24 million. The company’s total liabilities increased to $1.84 million from $1.26 million in the previous year. The company held Bitcoin valued at $17,502 as of the end of the fiscal year, marking its first recorded digital asset. The company’s employee count remained low, with four consultants and three officers managing operations.

Looking ahead, T-REX Acquisition Corp. aims to secure additional funding through equity or debt offerings to support its operational expansion and address its working capital needs. The company acknowledges the volatility of the cryptocurrency market and the associated risks, including regulatory changes and competition from larger firms in the mining sector. Management expressed confidence in its strategic direction but noted substantial doubt about the company's ability to continue as a going concern without securing adequate capital. The company plans to continue leveraging its mining operations and explore additional revenue streams, including co-location hosting and software services, to enhance its market position.