Business
RenX Enterprises Corp. Highlights Transformational Year with Expected $7 Million in Revenues during 2025, Operating Scale, and Debt Reduction
MIAMI, FL, Jan. 09, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (the “Company”) today provided an update on a year that management views as
About this update from Renx Enterprises Corp.
[{"type":"text","content":"MIAMI, FL, Jan. 09, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises Corp. (NASDAQ: RENX) (the “Company”) today provided an update on a year that management views as transformational, reflecting a fundamental evolution of the Company’s operating profile, financial performance, and strategic direction. “This past year represented a defining chapter for the Company,” said David Villarreal, Chief Executive Officer of RenX Enterprises Corp. “We fundamentally transformed the Company’s primary business focus from real estate development to providing environmental solutions. The acquisition of Resource Group during fiscal 2025 established our core operating business, and we believe that the progress we have made across operations, capital markets, and asset monetization has positioned us for the next phase of disciplined growth. As we look ahead, our focus remains on execution, expanding higher-value products, and continuing to unlock value across our asset base for stockholders.” Transformational Shift to an Operating Platform Over the past year, the Company executed a deliberate transition from a real estate development-oriented business into an operating platform with revenue generating operations, owned equipment, and an expanding infrastructure. Central to this transformation was the acquisition of Resource Group, which has since become the Company’s core operating business and the foundation for its waste-to-value and materials processing strategy. Prior to the Resource Group acquisition, the Company generated less than $500,000 in gross revenues during 2024. Following the integration of Resource Group, the Company generated approximately $7 million in gross revenues (unaudited) during 2025. The estimated gross revenue for 2025 is preliminary and unaudited, and subject to the completion of the Company’s closing procedures. The Company’s independent registered public accounting firm has not conducted an audit or review of and has not expressed an opinion or any other form of assurance with respect to, the preliminary unaudited estimate of revenue set forth in this press release. It is possible that the Company or its independent registered public accounting firm may identify items that require the Company to make adjustments to the preliminary estimate of revenue set forth in this press release. Debt Reduction and Capital Markets Activit...