Verde Resources, Inc. reported a significant increase in revenue for the third quarter of fiscal year 2026, generating $460,005 compared to just $697 in the same period last year. For the nine months ending March 31, 2026, the company recorded total revenue of $466,953, a substantial rise from $128,690 in the prior year. Despite this revenue growth, Verde Resources reported a net loss of $513,069 for the quarter, an improvement from a loss of $1,146,380 in the same quarter of the previous year. The company’s total operating expenses decreased to $873,904 from $1,216,812 year-over-year, contributing to a reduced loss from operations.
The company has made notable strategic advancements, particularly in its licensing agreements. In October 2025, Verde Renewables, a subsidiary of Verde Resources, entered into a ten-year exclusive licensing agreement with Ergon Asphalt & Emulsions, Inc. for the commercialization of its cold mix biochar asphalt emulsifying agent, Verde V24. This partnership has already yielded its first commercial transaction, with two purchase orders from Ergon generating approximately $460,000 in revenue. Additionally, Verde Resources has established Verde Resources Asia Pacific Pte. Ltd. in Singapore, marking its entry into the Asia-Pacific market and supporting its global expansion strategy.
Operationally, Verde Resources has focused on enhancing its product offerings and market presence. The company has engaged in collaborations with the National Center for Asphalt Technology (NCAT) to validate its biochar asphalt technology, which aims to improve sustainability in road construction. The ongoing performance testing project at NCAT is expected to conclude in September 2027, with preliminary results indicating promising durability and performance characteristics of the company’s BioAsphalt™ technology. Furthermore, Verde Resources has been registered as a Carbon Removal Credit supplier, potentially opening new revenue streams through the generation of carbon credits.
As of March 31, 2026, Verde Resources reported total assets of $38.94 million, a slight decrease from $39.10 million at the end of the previous fiscal year. The company’s cash and cash equivalents increased to $2.13 million from $1.02 million, reflecting improved liquidity. The total liabilities also decreased significantly to $936,077 from $1.73 million, indicating a stronger balance sheet. The company’s stockholders' equity rose to $38.00 million, up from $37.37 million, driven by capital raised through stock issuances.
Looking ahead, Verde Resources aims to capitalize on its recent strategic partnerships and product developments to drive future growth. The company plans to expand its operations in North America and explore opportunities in Southeast Asia, particularly in collaboration with local entities in Malaysia and Singapore. Verde Resources is optimistic about the potential for its biochar asphalt technology and carbon credit generation to enhance its market position and financial performance in the coming quarters.
About VERDE RESOURCES, INC.
Verde Resources, Inc. focuses on sustainable infrastructure and environmental solutions, utilizing biochar and innovative pyrolysis technologies to produce eco-friendly construction materials, carbon removal credits, and agricultural products. The company operates globally, with projects in North America and Malaysia, emphasizing carbon sequestration, green building, and climate tech. Its business model centers on green innovation, strategic partnerships, and generating revenue through carbon credits and sustainable materials.
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