Filing Flows › Verde Resources (VRDR) › Q2 FY25
Verde Resources (VRDR) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 13, 2025
Verde Resources (VRDR) reported revenue of $2K for the second quarter fiscal 2025 (Q2 FY25), -53% from a year earlier and -98% from the quarter before.
Verde Resources, Q2 FY25: revenue $2K (-53% year over year), net loss $2.7M, operating cash flow −$506K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2K | -98% | -53% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | −$506K | — | — |
What changed
Revenue was $2K in Q2 FY25, down 53% year over year and down 98% from the previous quarter.
Operating costs exceeded revenue by $2.4M, an operating margin of -100774.9%. Total costs grew 313% against a revenue fall of 53%. The fastest-growing cost line was SG&A (+355%). The quarter ended with a net loss of $2.7M, after a profit of $355K the previous quarter. Minority interests bore $0K of it: to shareholders the quarter was a loss of $2.7M.
Operating cash flow was −$506K. Non-cash charges added back $26K of depreciation and amortization. Working capital and other items added $2.2M.
Questions
What was Verde Resources' revenue in the second quarter fiscal 2025?
Verde Resources (VRDR) reported revenue of $2K for the second quarter fiscal 2025 (Q2 FY25), -53% from a year earlier and -98% from the quarter before.
Source: Verde Resources 10-Q on SEC EDGAR.