Onfolio Holdings Inc. Announces First Quarter 2025 Financial Results and Provides Corporate Update

/EIN News/ -- WILMINGTON, Del., May 16, 2025 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) (OTC: ONFOP) ("Onfolio" or the "Company"), a company that primarily acquires and manages a portfolio of digital marketing and online education businesses, announces financial results for the first quarter ended March 31st 2025.

Financial Highlights

• First quarter revenue increased 77% to $2.81M vs. $1.58M in the prior year period and increased 12.8% from $2.49M in Q4 of 2024
• First quarter gross profit increased 70% to $1.7M vs. $1M in the prior year period and increased 28% from $1.32M in Q4 of 2024
• First quarter total operating expenses increased 71% to $2.49M vs. $1.45M in the prior year period and increased 23% from $2.01M in Q4 of 2024
• First quarter net loss increased 72% to $0.80M vs. $0.47M in the prior year period and vs. a $0.14M gain in Q4 of 2024
• Cash at 3/31/25 was $0.67M vs. $0.48M at 12/31/24
  
  

“We substantially increased our revenue and gross profit during the first quarter of 2025. Our cash used in operations decreased to $0.14M, reflecting improvements in both operational discipline and revenue contribution,” said Onfolio Holdings CEO Dominic Wells.

“While our net loss increased from $0.47M in Q1 2024, to $0.80M in Q1 2025, $0.27M of this was stock-based-compensation, most of which was a one-time expense, as well as $0.17M in higher amortization expense compared to the prior year. Taking these non-cash increases into account, our net loss improved year-on-year. During the first quarter of 2025, we continued our effort to improve operations within our portfolio companies, which has resulted in reduced cost, better efficiency, a renewed focus on organic growth and the development of new services.

“During the first quarter of 2025, we also raised non-dilutive capital through the sale of our Series A Preferred Shares, which have consistently paid a 12% annual dividend for over four years. The additional capital was primarily used to strengthen our balance sheet and prepare for our next acquisition.

“We remain highly focused on continued organic growth within our core digital marketing and online education business units and are pursuing strategic acquisitions to strengthen those businesses.

“If we continue to execute well on our organic and strategic growth initiatives, we could achieve profitability during the second half of 2025,” concluded Dominic Wells.

About Onfolio Holdings

Onfolio Holdings acquires controlling interests in and actively manage small online businesses that we believe (i) operate in sectors with long-term growth opportunities, (ii) have positive and stable cash flows, (iii) face minimal threats of technological or competitive obsolescence and (iv) can be managed by our existing team or have strong management teams largely in place. Through the acquisition and growth of a diversified group of online businesses with these characteristics, we believe we offer investors in our shares an opportunity to diversify their own portfolio risk. Visit www.onfolio.com for more information.

Forward-Looking Statements

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may" "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1A "Risk Factors" in our most recent Form 10-K and 10Q; other risks to which our Company is subject; other factors beyond the Company's control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

For investor inquiries:

investors@onfolio.com

Onfolio Holdings, Inc.
Consolidated Balance Sheets
			March 31				December 31
			2025				2024
Assets
Current Assets:
Cash		$	666,115			$	476,874
Accounts receivable, net			688,763				755,804
Inventory			47,027				65,876
Prepaids and other current assets			200,763				138,007
Total Current Assets			1,602,668				1,436,561
Intangible assets			3,022,099				3,323,211
Goodwill			4,203,145				4,210,557
Fixed Assets			4,707				5,135
Due from related party			128,385				126,530
Investment in unconsolidated joint ventures, cost method			213,007				213,007
Investment in unconsolidated joint ventures, equity method			269,140				268,231
Other assets			3,495				9,465
Total Assets		$	9,446,646			$	9,592,697
Liabilities and Stockholders Equity
Current Liabilities:
Accounts payable and other current liabilities		$	1,018,752			$	969,068
Dividends payable			105,468				100,797
Notes payable, current			526,010				702,634
Notes Payable - Related Party, current			-				400,000
Contingent consideration			308,943				981,591
Deferred revenue			654,971				589,913
Total Current Liabilities			2,614,144				3,744,003
Notes payable			790,000				450,000
Notes payable - related parties			1,049,000				1,049,000
Due to joint ventures - long term			-				-
Total Liabilities			4,453,144				5,243,003
Commitments and Contingencies
Stockholders' Equity:
Preferred stock, $0.001 per value, 5,000,000 shares authorized
Series A Preferred stock, $0.001 par value, 1,000,000 shares authorized, 165,260 and 134,460 issued and outstanding at March 31, 2025 and December 31, 2024			165				134
Common stock, $0.001 par value, 50,000,000 shares authorized, 5,127,395 issued and outstanding at March 31, 2025 December 31, 2024			5,128				5,128
Additional paid-in capital			23,459,650				22,316,751
Accumulated other comprehensive income			97,152				68,105
Accumulated deficit			(19,976,595	)			(19,078,287	)
Total Onfolio Inc. stockholders equity			3,585,500				3,311,831
Non-Controlling Interests			1,408,002				1,037,863
Total Stockholders' Equity			4,993,502				4,349,694
Total Liabilities and Stockholders' Equity		$	9,446,646			$	9,592,697
The accompanying notes are an integral part of these consolidated financial statements

Onfolio Holdings, Inc.
Consolidated Statements of Operations
		For the Three Months Ended March 31,
		2025				2024
Revenue, services		$	1,796,595			$	723,551
Revenue, product sales			1,015,348				863,351
Total Revenue			2,811,943				1,586,902
Cost of revenue, services			1,016,860				366,706
Cost of revenue, product sales			87,963				215,860
Total cost of revenue			1,104,823				582,566
Gross profit			1,707,120				1,004,336
Operating expenses
Selling, general and administrative			2,221,346				1,185,184
Professional fees			237,905				180,190
Acquisition costs			33,410				94,341
Impairment of goodwill and intangible assets			-				-
Total operating expenses			2,492,661				1,459,715
Loss from operations			(785,541	)			(455,379	)
Other income (expense)
Equity method income (loss)			909				(5,154	)
Dividend income			2,250				-
Interest income (expense), net			(100,720	)			(17,720	)
Other income			4,983				427
Gain on change in fair value of contingent consideration			54,173				-
Impairment of investments			-				-
Gain on sale of business			-				-
Total other income			(38,405	)			(22,447	)
Loss before income taxes			(823,946	)			(477,826	)
Income tax (provision) benefit			17,518				-
Net loss			(806,428	)			(477,826	)
Net loss attributable to noncontrolling interest			12,041				664
Net loss attributable to Onfolio Holdings Inc.			(794,387	)			(477,162	)
Preferred Dividends			(103,921	)			(81,645	)
Net loss to common shareholders		$	(898,308	)		$	(558,807	)
Net loss per common shareholder
Basic and diluted		$	(0.18	)		$	(0.11	)
Weighted average shares outstanding
Basic and diluted			5,127,395				5,107,395
The accompanying notes are an integral part of these consolidated financial statements

Onfolio Holdings, Inc.
Consolidated Statements of Stockholders' Equity
For the Three Months Ended March 31, 2025 and 2024
		Preferred Stock, $0.001 Par value								Common Stock, $0.001 Par Value								Additional				Accumulated				Accumulated Other				Non				Stockholders'
		Shares				Amount				Shares				Amount				Paid-In Capital				Deficit				Comprehensive Income				Controlling Interest				Equity
Balance, December 31, 2024			134,460			$	134				5,127,395			$	5,128			$	22,316,751			$	(19,078,287	)		$	68,105			$	1,037,863			$	4,349,694
											-				-								-				-				-				-
Sale of preferred stock for cash			28,000				28				-				-				699,972				-				-				-				700,000
Preferred stock and common stock options issued for payment of contingent consideration			2,800				3				-				-				169,997				-				-				-				170,000
Stock-based compensation			-				-				-				-				272,930				-				-				-				272,930
Payment of note payble by NCI																															400,000				400,000
Preferred dividends			-				-				-				-				-				(103,921	)			-				-				(103,921	)
Foreign currency translation			-				-				-				-				-				-				29,047				-				29,047
Distribution to non-controlling interest																															(17,820	)			(17,820	)
Net loss			-				-				-				-				-				(794,387	)			-				(12,041	)			(806,428	)
Balance, March 31, 2025			165,260				165				5,127,395				5,128				23,459,650				(19,976,595	)			97,152				1,408,002				4,993,502
Balance, December 31, 2023			92,260				93				5,107,395				5,108				21,107,311				(16,957,854	)			182,465				-				4,337,123
Acquisition of Business			17,000				17				-				-				484,983				-				-				126,000				611,000
Sale of preferred stock for cash			400				-				-				-				10,000				-				-				-				10,000
Stock-based compensation			-				-				-				-				17,887				-				-				-				17,887
Preferred dividends			-				-				-				-				-				(81,645	)			-				-				(81,645	)
Foreign currency translation			-				-				-				-				-				-				(39,134	)							(39,134	)
Distribution to non-controlling interest			-				-				-				-				-				-				-				-				-
Net loss			-				-				-				-				-				(477,826	)			-				(664	)			(478,490	)
Balance, March 31, 2024			109,660			$	110				5,107,395			$	5,108			$	21,620,181			$	(17,517,325	)		$	143,331			$	125,336			$	4,376,741
The accompanying notes are an integral part of these consolidated financial statements

Onfolio Holdings, Inc.
Consolidated Statements of Cash Flows
For the Three Months Ended March 31, 2025 and 2024
			2025				2024
Cash Flows from Operating Activities
Net loss		$	(806,428	)		$	(477,826	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation expense			272,930				17,887
Equity method loss (income)			(909	)			5,154
Dividends received from equity method investment			-				-
Amortization of intangible assets			301,112				125,219
Depreciation expense			428
Impairment of intangible assets			-				-
Change in FV of contingent consideration			(54,173	)			-
Net change in:
Accounts receivable			67,041				(33,681	)
Inventory			18,849				117
Prepaids and other current assets			(56,786	)			(81,328	)
Accounts payable and other current liabilities			49,684				(33,390	)
Due to joint ventures			(1,855	)			3,557
Deferred revenue			65,058				34,284
Due to related parties			-				9,000
Net cash used in operating activities			(145,049	)			(431,007	)
Cash Flows from Investing Activities
Cash paid to acquire businesses			-				(240,000	)
Investments in unconsolidated entities			-				(10,000	)
Investment in cryptocurrency			-				-
Net cash used in investing activities			-				(250,000	)
Cash Flows from Financing Activities
Proceeds from sale of Series A preferred stock			700,000				10,000
Proceeds from exercise of stock options			-				-
Payments of preferred dividends			(99,250	)			(70,122	)
Distributions to non-controlling interest holders			(17,820	)			-
Proceeds from notes payable			-				350,000
Payments on note payables			(176,624	)			(25,743	)
Payments on acquisition note payables			-				-
Proceeds from notes payable - related parties			-				-
Payments on note payables - related parties			-				-
Payments on contingent consideration			(108,475	)			-
Net cash provided by financing activities			297,831				264,135
Effect of foreign currency translation			36,459				(35,612	)
Net Change in Cash			189,241				(452,484	)
Cash, Beginning of  Period			476,874				982,261
Cash, End of Period			666,115			$	529,777
Cash Paid For:
Income Taxes		$	-			$	-
Interest		$	100,720			$	18,360
Non-cash transactions:
Preferred dividends accrued		$	103,921			$	81,645
Notes payable issued for asset acquisitions		$	-			$	440,000
Preferred stock issued for acquisitions		$	-			$	425,000
Settlement of contingent consideration		$	510,000			$	-
Non-controlling interest issued for settlement of note payable		$	400,000			$	-
The accompanying notes are an integral part of these consolidated financial statements