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QMMM Holdings Announces First Half 2025 Unaudited Financial Results
QMMM
Earnings
Profit Warning
New Projects/Investments
- QMMM Holdings Ltd. reported a net loss of $1,381,918 for the six months ended March 31, 2025, a significant increase from a net loss of $146,072 for the same period in 2024. Revenues also decreased to $1,225,912 for the six months ended March 31, 2025, from $2,047,889 in the prior year period.
- As of March 31, 2025, the Company had an accumulated deficit of $3,895,665 and used $402,422 in net cash from operating activities for the six months ended March 31, 2025, leading to substantial doubt about its ability to continue as a going concern.
- Subsequent to the reporting period, on June 20, 2025, QMMM Holdings Ltd. completed an offering of 40,000,000 ordinary shares at $0.20 per share, generating $7,440,000 in gross proceeds.
- The Company also made significant investments after March 31, 2025, including a $3,000,000 prepayment on April 6, 2025, for an AI program and a $1,053,500 deposit on May 29, 2025, to acquire an advertising company.
Aug 29, 2025, 9:26 PM
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