- Yinfu Gold Corporation (ELRE) reported QQ1 2025 with a continued operating loss and negative net income, underscored by an absence of disclosed revenue in the quarter. Operating loss stood at -$18.801 thousand, with EBITDA at -$18.084 thousand and depreciation of $0.717 thousand, reflecting a fixed-cost structure that is not yet offset by top-line revenue. Net income came in at -$9.878 thousand, and earnings per share were -$0.0001 for the quarter. The company also reported a negative operating cash flow of -$3.510 thousand, while financing activities contributed +$11.458 thousand, and foreign exchange movements reduced cash by -$7.859 thousand, yielding a modest net cash change of +$0.089 thousand and ending cash of $0.577 thousand.
- The balance sheet paints a precarious liquidity and leverage picture. Total assets are $25.092 thousand, while total liabilities total $2,661.190 thousand, producing negative stockholders’ equity of -$2,636.098 thousand. Short-term debt is substantial at $1,784.503 thousand, and there are sizeable other current liabilities of $861.281 thousand, driving a current ratio of roughly 0.0043. The debt ratio is reported at 71.62%, and equity is highly negative, suggesting structural balance sheet fragility unless offset by capital raises or meaningful revenue generation. The company carries total debt of $1,797.198 thousand with net debt of $1,796.621 thousand.
- The company’s YoY metrics show some distant signs of improvement in net income (YoY - up 7.51%) and a stronger QoQ move in net income (+57.55%), but the QoQ operating income improved only modestly (+40.59%) while remaining deeply negative (-$18.801 thousand). EPS YoY is flat (0.00%), with QoQ EPS rising about 50%. Absent revenue visibility, these deltas reflect only cost control or one-off items rather than a sustainable earnings trajectory. Given the negative equity, weak liquidity, and ongoing cash burn, the near-term investment thesis remains highly conditional on a credible revenue ramp and a robust refinancing plan.