Oceanic Wind loses $110,833 in Q3

Executive Summary

• Oceanic Wind Energy Inc. released its financial results for the third quarter ended June 30, 2025.
• The company reported a net loss of $110,833 for the three months ended June 30, 2025, compared to a net loss of $100,402 for the same period in the prior year.
• Cash reserves increased significantly to $143,133 as of June 30, 2025, driven by proceeds from the sale of its subsidiary, NaiKun Wind Development Inc.

Key Details

• Cash Position: As at June 30, 2025, Oceanic held $143,133 in cash, an increase from $13,448 at September 30, 2024.
• Subsidiary Sale Proceeds: On October 1, 2024, the company received $550,000 from the sale of NaiKun Wind Development Inc.
• Future Payments: The company is scheduled to receive $475,000 on each of the first and second anniversaries of the October 1, 2024, closing of the transaction.
• Net Loss (Q3 2025): Incurred a net loss of $110,833 (nil per share) for the three months ended June 30, 2025.
• Net Loss (Q3 2024): Incurred a net loss of $100,402 (nil per share) for the three months ended June 30, 2024.