WILMINGTON, DE — Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW; OTC: ONFOP) announced its financial results for the second quarter of fiscal 2025, reporting significant revenue and profit growth alongside a narrowed net loss, underscoring progress in the company’s ongoing efforts to strengthen its portfolio and expand new business ventures.
For the three months ending June 30, 2025, Onfolio generated $3.14 million in revenue, an 82.5% increase compared with $1.72 million in the same quarter of 2024. The figure also represented an 11.7% improvement from the $2.81 million posted in the first quarter of this year. Gross profit nearly doubled year-over-year to $1.93 million, rising 98.9% from $0.97 million, and advancing 13.5% from $1.7 million in the prior quarter.
Operating expenses for the quarter climbed 54.4% to $2.44 million from $1.58 million a year earlier but eased 2% from the $2.49 million recorded in the first quarter. Net loss narrowed to $0.5 million, representing a 16.5% reduction from $0.6 million in the same period last year and a 37.5% decline from the $0.8 million reported in Q1. Cash reserves stood at $0.51 million as of June 30, slightly up from $0.48 million at the end of 2024.
“We once again made progress in all important metrics in the second quarter,” said CEO Dominic Wells. “Our revenue and gross profit increased year on year and quarter on quarter. Our operating expenses increased year on year but decreased quarter on quarter, and our net loss decreased both year on year and quarter on quarter. We are getting to where we need to be.”
Wells noted that the company was still burdened in Q2 by professional costs tied to a 2023 re-audit and the 2024 Eastern Standard audit, which have since been completed. He explained that roughly $150,000 of the quarter’s losses stemmed from these one-time expenses. Additional non-cash charges included $300,000 in amortization and $25,000 in stock-based compensation, which Wells said bring results “very close to breaking even for the quarter, even after interest payments.”
Onfolio has not pursued acquisitions since the fourth quarter of 2024, but Wells emphasized the company remains positioned for strategic opportunities. “While we haven’t made an acquisition since Q4 2024, our pipeline of prospective deal flow is strong. We are currently focusing our efforts on improving the operating results of the current portfolio. We are not in a rush to consummate an acquisition unless it is highly strategic.”
The company also highlighted recent initiatives aimed at diversifying revenue streams. At the close of Q2, Onfolio launched Pace Generative LLC, an AI visibility agency that began generating recurring monthly revenue immediately. In addition, the firm rolled out a revenue-share partnership program for course creators, which Wells described as receiving overwhelming interest.
“We will be commencing work with our first few partnerships before the end of this month and will continue onboarding new partners throughout the rest of 2025,” Wells said. “Between these two new ventures, and the portfolio we already have, our financial results have room for growth.”
The company’s results reflect both operational progress and disciplined investment, with leadership signaling confidence in continued improvement through the second half of the year.
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