Verde Resources Reports Q2 2025 Financials, Notes Shareholder Events

TL;DR

VERDE RESOURCES (VRDR) Q2 2025 financials out. Big assets/liabilities. Shareholder stuff happened late '24/early '25.

AI Summary

Verde Resources, Inc. filed its 10-Q for the period ending December 31, 2024. The company, focused on gold and silver ores, reported significant financial figures including total assets of $1,241,296,567 and total liabilities of $1,199,358,251. The filing also details several subsequent events, including shareholder-related matters and executive assistant appointments, occurring around late December 2024 and early January 2025.

Why It Matters

This 10-Q provides a snapshot of Verde Resources' financial health and highlights recent corporate actions that could impact its future operations and stock performance.

Risk Assessment

Risk Level: medium — The company operates in the volatile gold and silver mining sector, and the significant liabilities relative to assets suggest potential financial risk.

Key Numbers

• $1.24B — Total Assets (As of December 31, 2024, indicating the company's overall resource base.)
• $1.20B — Total Liabilities (As of December 31, 2024, showing the extent of the company's obligations.)
• $0.001 — Earnings Per Share (Basic) (Reported for the period, suggesting minimal profitability.)

Key Players & Entities

• VERDE RESOURCES, INC. (company) — Filer
• 20241231 (date) — Period of Report
• $1,241,296,567 (dollar_amount) — Total Assets
• $1,199,358,251 (dollar_amount) — Total Liabilities
• 2025-01-02 (date) — Subsequent Event Date
• Hannah Bruehl (person) — Executive Assistant to C-Suite Executives
• Aegis Ventures Limited (company) — Related Entity in Subsequent Event

FAQ

Key Financial Figures

• $0 — of the issuer's Common Stock, par value $0.001, outstanding. VERDE RESOURCES, INC
• $0.001 — 1,241,296 1,199,358 Common stock, $0.001 par value; 7,984,325 and 22,887,025 sha

Filing Documents

• vrdr_10q.htm (10-Q) — 1656KB
• vrdr_ex311.htm (EX-31.1) — 11KB
• vrdr_ex312.htm (EX-31.1) — 11KB
• vrdr_ex321.htm (EX-32.2) — 6KB
• vrdr_10qimg2.jpg (GRAPHIC) — 20KB
• 0001640334-25-000251.txt ( ) — 8807KB
• vrdr-20241231.xsd (EX-101.SCH) — 99KB
• vrdr-20241231_lab.xml (EX-101.LAB) — 433KB
• vrdr-20241231_cal.xml (EX-101.CAL) — 76KB
• vrdr-20241231_pre.xml (EX-101.PRE) — 410KB
• vrdr-20241231_def.xml (EX-101.DEF) — 262KB
• vrdr_10q_htm.xml (XML) — 1676KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements. 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 5 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk. 14 Item 4.

Controls and Procedures

Controls and Procedures. 14

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1. Legal Proceedings. 15 Item 1A. Risk Factors. 15 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 15 Item 3. Defaults Upon Senior Securities. 15 Item 4. Mine Safety Disclosures. 15 Item 5. Other Information. 15 Item 6. Exhibits. 16

SIGNATURES

SIGNATURES 17 2 Table of Contents CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical facts, included in this Form 10-Q including, without limitation, statements in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" regarding the Company's financial position, business strategy and the plans and objectives of management for future operations, events or developments which the Company expects or anticipates will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof); expansion and growth of the Company's business and operations; and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. However, whether actual results or developments will conform with the Company's expectations and predictions is subject to a number of risks and uncertainties, including general economic, market and business conditions; the business opportunities (or lack thereof) that may be presented to and pursued by the Company; changes in laws or regulation; and other factors, most of which are beyond the control of the Company. These forward-looking statements can be identified by the use of predictive, future-tense or forward-looking terminology, such as "believes," "a

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Item Regulation S-X, Rule 10-01(c) Interim Financial Statements, and, therefore, do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with generally accepted accounting principles. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments are of a normal recurring nature. Operating results for the six months ended December 31, 2024, are not necessarily indicative of the results that can be expected for the year ending June 30, 2025. VERDE RESOURCES, INC. INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD OF ENDED DECEMBER 31, 2024 Page Unaudited Condensed Consolidated Balance Sheets as at December 31, 2024 and June 30, 2024 (audited) F-1 Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income for the Three and Six Months Ended December 31, 2024 and 2023 F-2 Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 F-3 Unaudited Condensed Consolidated Statements of Changes in Equity for the Three and Six Months Ended December 31, 2024 and 2023 F-4 Notes to Unaudited Condensed Consolidated Financial Statements F-6 4 Table of Contents VERDE RESOURCES, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Currency expressed in United States Dollars ("US

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View this 10-Q filing on SEC EDGAR