Goliath Film & Media Holdings Reports Revenue Decline and Net Loss for Three and Nine Months Ended January 31, 2025

Goliath Film & Media Holdings reported its financial results for the three and nine months ended January 31, 2025, revealing a significant decline in revenue compared to the same period in the previous year. The company generated no film production revenue during the latest quarter, down from $47,674 in the prior year. For the nine-month period, revenues decreased to $32,726 from $47,674. The company recorded a net loss of $8,017 for the three months ended January 31, 2025, compared to a net income of $38,112 in the same quarter of the previous year. For the nine months, the net loss was $10,050, contrasting with a net income of $16,531 in the prior year.

The financial performance reflects a notable increase in operating expenses, which rose by 16.2% to $8,017 in the latest quarter, primarily due to a decrease in consulting services and other operating expenses. For the nine-month period, operating expenses surged by 37.4% to $42,776, driven by increased professional fees. The company's total assets increased to $3,136 as of January 31, 2025, from $437 as of April 30, 2024, while total liabilities rose to $113,788 from $101,039, largely due to an increase in accounts payable to related parties.

Goliath Film & Media Holdings has not engaged in any significant acquisitions or product launches during the reporting period. The company continues to focus on its core business of developing and distributing digital content, particularly in niche markets. As of January 31, 2025, the company had 138,964,917 shares of common stock outstanding, with no new shares issued during the reporting period. The company has also not reported any significant changes in its employee headcount, maintaining a lean operational structure.

Management has expressed concerns regarding the company's ability to continue as a going concern, citing insufficient cash and revenues to cover operating costs. The company plans to raise additional capital through stock sales or loans from related parties to meet its estimated cash needs of $200,000 for the fiscal year ending April 30, 2025. Goliath's strategy includes focusing on joint ventures or mergers to enhance its operational capabilities and revenue generation.

Looking ahead, Goliath Film & Media Holdings aims to develop and produce at least three projects over the next year, with an estimated cost of $150,000 per project. The company is also exploring opportunities to leverage its relationships with distributors to enhance its market presence. However, the management acknowledges the challenges posed by the competitive landscape and the need for effective marketing strategies to reach targeted audiences.