Business
READEN HOLDING CORPORATION (OTCID: RHCO) ANNOUNCES FILING OF JUNE 30, 2025 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS; NET INCOME INCREASES TO 1.97M USD; COMPANY ADVANCES PAYMENTS EXPANSION WITH MSB ACQUISITION, MSO PURSUIT, AND EU MICA PATHWAY
READEN HOLDING CORPORATION (OTCID: RHCO) ANNOUNCES FILING OF JUNE 30, 2025 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS; NET INCOME INCREASES TO 1.97M USD; COMPANY ADVANCES PAYMENTS EXPANSION WITH MSB ACQUISITION, MSO PURSUIT, AND EU MICA PATHWAY.
About this update from Readen Holding Corp.
[{"type":"text","content":"READEN HOLDING CORPORATION (OTCID: RHCO) ANNOUNCES FILING\r\n OF JUNE 30, 2025 ANNUAL FINANCIAL STATEMENTS WITH OTC MARKETS; NET INCOME\r\n INCREASES TO 1.97M USD; COMPANY ADVANCES PAYMENTS EXPANSION WITH MSB\r\n ACQUISITION, MSO PURSUIT, AND EU MICA PATHWAY\r\n\r\n \r\n\r\nREADEN\r\n HOLDING CORPORATION (OTCID: RHCO), a Venture Capital Corporation specializing\r\n in Fintech, Online Payment, and E-commerce, announced today that the Company\r\n has filed its financial statements for the year ending June 30, 2025, with OTC\r\n Markets Disclosure & News Service, reporting revenue of $11,276,318 and net\r\n income of $1,969,003, more than double the prior year’s net income.\r\n\r\n \r\n\r\nFY2025\r\n performance reflects continued scaling of the fintech portfolio. Revenue rose\r\n to $11,276,318 from $7,632,111 in FY2024, a rise of approximately 47.75% year\r\n over year. Gross profit increased to $3,014,340 from $1,815,767, up about\r\n 66.01%, and operating income reached $2,098,138 from $636,167, an increase of\r\n roughly 229.81%. Net income rose to $1,969,003 from $935,434, an increase of\r\n approximately 110.49% year over year.\r\n\r\n \r\n\r\nThe\r\n balance sheet strengthened significantly, with total assets increasing to\r\n $13,525,260 from $13,015,602 and total liabilities decreasing to $3,590,048\r\n from $4,236,244 as of June 30, 2025, bolstering stockholders’ equity to\r\n $9,935,212. Management exercised strong cost discipline, reducing total\r\n operating expenses by approximately 22.3% year over year while funding growth\r\n initiatives, and the company retains flexibility to raise additional capital\r\n through equity or debt at its discretion.\r\n\r\n \r\n\r\nOperational\r\n focus remains centered on scaling fintech subsidiaries, including Readies, OkePay\r\n and Oke Partners (OkeApp), to extend distribution and increase merchant\r\n adoption. The Company continues to streamline operating costs and invest in\r\n regulated infrastructure to support durable margin expansion\r\n\r\n \r\n\r\nStrategic\r\n developments in payments underpin RHCO’s next phase of growth. The Company\r\n completed the acquisition of Foxley & Carr Inc., a licensed Money Services\r\n Business (MSB) registered with FinCEN (U.S. Financial Crimes Enforcement Network), embedding regulated money transmissio...