Verde Resources Reports 98% Revenue Decline and Increased Losses for Q3 2025

Verde Resources, Inc. reported a significant decline in financial performance for the three months ending September 30, 2025, with net revenue of $2,269, a decrease of approximately 98% compared to $125,570 in the same period last year. The company also recorded a gross profit of $934, down from $75,974 in the prior year. Operating expenses increased to $944,872 from $867,681, leading to a loss from operations of $943,938, compared to a loss of $791,707 in the previous year. The net loss attributable to shareholders was $919,555, contrasting sharply with a net income of $354,715 reported in the same quarter of 2024.

The company's total assets decreased to $38.5 million as of September 30, 2025, from $39.1 million at the end of the previous fiscal year. Current assets also saw a decline, totaling $2.8 million, down from $3.3 million. Notably, cash and cash equivalents increased to $1.2 million from $1.0 million, while accounts receivable remained relatively stable at $188,419. The company’s liabilities decreased to $1.5 million from $1.7 million, primarily due to a reduction in accounts payable and accrued liabilities.

Strategically, Verde Resources has focused on advancing its biochar asphalt technology, which aims to enhance sustainability in road construction. The company has been testing this technology at the National Center for Asphalt Technology (NCAT) and has reported positive preliminary results, indicating that its cold-mix biochar asphalt meets or exceeds industry specifications. In addition, Verde has entered into collaborations with various partners, including a significant agreement with Ergon Asphalt & Emulsions, Inc. to license its proprietary materials. The company is also exploring opportunities for geographic expansion, particularly in Malaysia, where discussions with local highway operators are ongoing.

Operationally, Verde Resources has made strides in its product development and market positioning. The company has been recognized as a Carbon Removal Credit supplier, which could create additional revenue streams through the generation of carbon removal credits. As of September 30, 2025, the company had 1,269,280,891 shares outstanding, reflecting a slight increase from the previous quarter. The company’s employee headcount and customer engagement metrics were not disclosed in the filing, but the focus on product adoption and market share growth remains a priority.

Looking ahead, Verde Resources aims to commercialize its biochar asphalt technology in North America and potentially expand into international markets. The company acknowledges the risks and uncertainties associated with its business model, including market conditions and regulatory compliance. Management remains optimistic about the future, emphasizing the potential for revenue growth through innovative product offerings and strategic partnerships. However, the company cautions that actual results may differ materially from its forward-looking statements due to various factors beyond its control.