Company: PHIL
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001641172-25-011742
Chunk: 109

Company: PHI GROUP INC
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 2
Chunk 109
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Other
Income and Expenses:

The Company had a net other expenses of $381,020
for the three months ended March 31, 2025, as compared to net other expenses of $1,469,446 for the three months ended March 31, 2024.
The decrease in other expenses of $1,088,426 between the two periods was mainly due to a decrease of $35,183 in interest expense and
a decrease in other expenses of $1,053,243 between the two periods.

Net
Income (Loss):

Net
loss for the three months ended March 31, 2025 was $480,682, as compared to net loss of $1,690,405 for the same period in 2024,
which is equivalent to ($0.00) per share for the current period and ($0.00) per share for the corresponding period ended March 31, 2024,
based on the weighted average number of basic and diluted shares outstanding at the end of each corresponding period.

7

Nine
months ended March 31, 2025 compared to the nine months ended March 31, 2024

Total
Revenues:

The Company generated no revenues from consulting
services for the nine months ended March 31, 2025 as compared to the $5,000 in revenues from consulting services for the corresponding
period ended March 31, 2024. During the current nine-month period, the Company primarily focused its endeavors in order to close some
of the financing programs and further the development of the Asia Diamond Exchange and the International Financial Center in Vietnam,
as well as the new clean energy technology initiatives but did not aggressively pursue new consulting service contracts.

Total
Operating Expenses:

Total operating expenses were $417,375 and $653,410
for the nine months ended March 31, 2025,and 2024, respectively. A decrease of $236,035 in total operating expenses between the two periods
was mainly due to a decrease of $353,475 in professional services, an increase of $117,740 in general and administrative expenses between
the current period and the corresponding period ended March 31, 2024.

Loss
from Operations:

Loss
from operations for the nine months ended March 31, 2025 was $417,375, as compared to loss from operations of $648,410 for the corresponding
period ended March 31, 2024. A decrease of $231,035 in the loss from