Royalty Management Holding Corporation Reports 65% Revenue Growth and Improved Net Loss in Annual 10-K

Royalty Management Holding Corporation (RMCO) reported significant financial developments in its annual Form 10-K for the fiscal year ending December 31, 2024. The company generated revenues of $807,089, marking a 65% increase from $488,520 in the previous year. This growth was primarily attributed to increased activity in its environmental services subsidiary. However, the company also reported a net loss of $114,261, a notable improvement compared to a net loss of $1,113,645 in 2023, reflecting a reduction in other expenses and improved interest income.

The fiscal year saw RMCO undergo a transformative merger with Royalty Management Corporation on October 31, 2023, which allowed it to expand its asset base and operational capabilities. Following the merger, RMCO changed its state of incorporation from Delaware to Florida on March 20, 2025. The company also initiated a stock repurchase program in April 2024, allowing for the repurchase of up to $2 million in Class A common stock over a two-year period, with 31,177 shares repurchased at an average price of $0.92 per share by the end of 2024.

Operationally, RMCO's total assets increased slightly to $15,040,664 from $15,040,123 in 2023, driven by higher accounts and interest receivables. Total liabilities decreased significantly from $3,926,243 to $1,414,940, primarily due to the conversion of accrued wages and notes payable into preferred stock. The company reported a working capital deficit of $236,740 and a cash balance of $114,138 as of December 31, 2024, with cash flow from operations totaling $690,443.

In terms of market presence, RMCO's Class A common stock began trading on NASDAQ under the ticker symbol "RMCO" on November 6, 2023, following the merger. The company had 14,958,817 shares outstanding as of March 28, 2025, with a market value of approximately $14.9 million. The board of directors, which includes independent members, is focused on enhancing corporate governance and strategic oversight as the company navigates its growth trajectory.

Looking ahead, RMCO's management expressed confidence in the company's liquidity to meet obligations through at least the first quarter of 2026. However, they acknowledged the need for additional capital to support future growth initiatives, which may involve raising funds through equity or debt securities. The company remains committed to leveraging its asset base to generate cash flow and enhance shareholder value in a variety of market environments.