Verde Resources Reports Revenue Surge to $128,690 Amid Increased Net Loss

Verde Resources, Inc. reported its financial results for the nine months ending March 31, 2025, revealing a significant increase in revenue and a continued focus on sustainable building materials. The company generated revenue of $128,690, a substantial rise from $7,853 in the same period last year. However, the company also reported a net loss of $3,485,994, compared to a loss of $1,941,571 for the nine months ended March 31, 2024. This increase in loss is attributed to higher operating expenses, which totaled $4,521,506, up from $1,867,418 in the prior year.

In terms of operational changes, Verde Resources has undergone a strategic restructuring to enhance its focus on sustainable infrastructure. The company has engaged AUM Media Inc. for investor relations support and has entered into a service agreement with GECA Environment to assist in monetizing carbon credits. Notably, Verde Resources achieved a milestone in April 2025 by issuing and selling Puro.earth-certified Biochar Carbon Removal Credits, which are believed to be the first of their kind generated through asphalt applications. This development is expected to bolster the company's market position and revenue potential.

The company’s balance sheet as of March 31, 2025, shows total assets of $39,405,040, a slight decrease from $40,161,327 as of June 30, 2024. Current assets increased to $3,874,121 from $3,495,208, primarily due to higher cash and cash equivalents, which rose to $689,363 from $279,137. Verde Resources also reported a reduction in total liabilities to $1,462,877 from $2,570,187, indicating improved financial health. The company’s stockholders' equity increased to $37,942,163, reflecting ongoing efforts to strengthen its financial position.

Verde Resources has also made strides in its operational metrics, with a focus on expanding its Biochar technology. The company’s BioFraction™ facility in Borneo has been pivotal in converting palm waste into biochar, although operations faced a temporary slowdown due to a strategic partnership with the National Center for Asphalt Technology (NCAT) for testing its Biochar-Asphalt technology. The company is optimistic about the future, as it aims to commercialize its technologies in the U.S. and potentially license them globally, aligning with international climate commitments.

Looking ahead, Verde Resources remains focused on executing its strategic plans, which include the commercialization of its innovative technologies and securing partnerships to enhance its market presence. While the company acknowledges the risks and uncertainties inherent in its business model, it expresses confidence in its ability to navigate these challenges and achieve future profitability through its sustainable initiatives.