Panamera Holdings Reports $82.8 Million Revenue and $191.1 Million Net Loss for Six Months Ending January 31, 2025

Panamera Holdings Corporation reported its financial results for the six months ending January 31, 2025, revealing a total revenue of $82.8 million, a significant increase from $0 in the same period last year. The revenue primarily stemmed from sales of raw materials, including $74.9 million from a related party. However, the company incurred a net loss of $191.1 million, compared to a loss of $104.6 million in the prior year, reflecting a substantial increase in operating expenses, which rose to $230.8 million from $107 million.

The company's balance sheet as of January 31, 2025, showed total assets of $87.4 million, down from $106 million as of July 31, 2024. Current liabilities surged to $346.7 million, up from $219 million, leading to a working capital deficiency of $343.8 million. This increase in liabilities was primarily due to a rise in accounts payable and accrued liabilities, which reached $223.4 million, compared to $104.1 million in the previous period. The accumulated deficit also widened to $22.96 million from $22.77 million.

Strategically, Panamera Holdings has shifted its focus from healthcare consulting to exploring opportunities in the environmental services and innovative technologies sectors. The company established three wholly-owned subsidiaries in 2023: Panamera Metals Corporation, Panamera Technologies Corporation, and Panamera Waste Corporation, to facilitate this transition. Additionally, the company terminated its consulting agreement with First DP Ventures, LP, effective March 29, 2024, to concentrate on its new business direction.

Operationally, the company reported a significant increase in operating expenses, which included professional fees and general administrative costs. For the three months ended January 31, 2025, operating expenses totaled $116.6 million, up from $42.1 million in the prior year. The company also noted that it had 51.5 million shares of common stock issued as of January 31, 2025, an increase from 51.4 million shares in the previous period. The company’s cash position decreased to $551,000 from $1.8 million, indicating challenges in liquidity.

Looking ahead, Panamera Holdings plans to fund its operations through equity financing and related party advances, although there are concerns regarding its ability to continue as a going concern. The company has expressed intentions to raise additional funds through public or private placements to support its capital expenditures and working capital needs for the fiscal year ending July 31, 2025. The management acknowledges that the ability to execute its business plan is contingent upon securing sufficient financing.