Vanguard Green Investment Reports $29.1 Million Net Loss for Six Months Ending January 31, 2025

Vanguard Green Investment Limited reported its financial results for the six months ending January 31, 2025, revealing a net loss of $29.1 million, an increase from a net loss of $20.8 million during the same period in the previous fiscal year. The company did not generate any revenue during this period, consistent with the previous year. General and administrative expenses rose to $29.1 million, compared to $23.8 million in the prior year, contributing to the overall increase in net loss. The loss per share for the six months was $0.0005, compared to $0.0008 in the same period last year.

The company's total assets decreased significantly to $3.1 million as of January 31, 2025, down from $17.0 million as of July 31, 2024. This decline was primarily due to a reduction in cash and cash equivalents, which fell to $200,000 from $12.1 million. Current liabilities increased to $546.4 million, up from $418.9 million, largely driven by an increase in loans from directors and third parties. The total stockholders' deficit also widened to $676.9 million from $647.8 million, reflecting the ongoing financial challenges faced by the company.

In terms of operational developments, Vanguard Green Investment did not report any significant changes in customer counts or user statistics, nor did it indicate any geographic expansion or new product launches during this reporting period. The company continues to maintain a consistent number of shares outstanding at 59,434,838. The lack of revenue generation and the increase in operational losses suggest that the company is still in a challenging phase, with no immediate signs of recovery or growth in its business activities.

The filing also noted that the company has been actively managing its cash flow, with net cash used in operating activities amounting to $35.8 million, slightly higher than the $33.4 million used in the same period last year. Cash flows from financing activities provided some relief, generating $23.9 million, although this was a decrease from $27.6 million in the previous year. The company did not engage in any investing activities during this period, which may indicate a strategic decision to conserve cash amid ongoing financial difficulties.

Looking ahead, Vanguard Green Investment has not provided specific forward-looking statements or guidance regarding its financial outlook. The company continues to face significant challenges, including a lack of revenue and increasing operational losses. Stakeholders will be closely monitoring the company's strategic decisions and potential recovery plans as it navigates through this difficult financial landscape.