Verde Resources, Inc.

What they do

Verde Resources, operating through wholly-owned subsidiary Verde Renewables Inc. in St. Louis, Missouri, develops and markets proprietary infrastructure materials centered on BioAsphalt, which blends engineered biochar into asphalt, and Verde V24, a licensed cold mix biochar asphalt emulsifying agent. The company holds a Puro.earth-certified carbon removal credit from asphalt production and application, issued in April 2025, and expects to sell such credits. Its BioAsphalt 100% reclaimed asphalt pavement cold recycling mix has been laboratory-validated by the National Center for Asphalt Technology. Commercial distribution is intended through Ergon's asphalt mixing plant channels across the United States, Canada, and Mexico.

Revenue drivers

• BioAsphalt and Verde V24 road materials — Revenue is expected primarily from marketing and selling proprietary biochar and road technologies to and through Ergon in North America. Production planning has begun, with distribution anticipated via Ergon's sales channels to asphalt mixing plants; no minimum purchase volumes are currently required from Ergon.
• Licensing and royalties — The company describes an asset-light model generating recurring revenue through licensing, sales, and royalties. An exclusive North American licensing agreement with Ergon for asphalt surface course material was signed in October 2025, and the company plans to license the Verde Net Zero Blueprint globally.
• Carbon removal credits — Verde Resources expects revenue from the generation and sale of certified carbon removal credits tied to its products, including the April 2025 Puro.earth-issued credit from asphalt production and application. In April 2026 it announced a collaboration with certifier Isometric to accelerate certification and commercialization of engineered biochar.

Recent performance

Annual revenue has grown from $38,169 in 2022 to $467,788 in 2026, though quarterly figures are highly uneven, ranging from $467,679 in the quarter ended 2026-03-31 to $835 in the quarter ended 2026-06-30. Net losses have persisted each year, at $4.0M in 2022, $4.0M in 2023, $3.2M in 2024, $4.8M in 2025, and $3.4M in 2026, with diluted EPS reported as $0 throughout. Operating cash flow has been negative every year, from -$1.6M in 2022 to -$3.0M in 2026. As of 2026-06-30, total assets were $38.1M, total liabilities $944,513, shareholder equity $37.1M, and cash and equivalents $1.8M, with long-term debt reported at $0.00 as of 2020-06-30.

Strategy

Management's stated priority is commercializing its solutions in the United States, described as its most strategic market, by scaling domestic operations through Ergon. Under the October 2025 Ergon license and the July 2026 Master Commercialization and Collaboration Agreement, Verde Resources is positioned as Ergon's preferred vendor of engineered biochar and supplier for an initial cold mix road paving product project. The company plans to license the Verde Net Zero Blueprint globally in countries aligned with the Paris Climate Agreement and pursuing Net Zero by 2050. It describes an asset-light model designed to scale with minimal capital intensity. Recent initiatives include an April 2026 Isometric collaboration and an April 2026 engagement of WAP Sustainability for a Life Cycle Assessment to support a potential Environmental Product Declaration.

Risks

• Limited operating history and unproven model — The company has been engaged in its current business model only since 2023 and has previously operated several different businesses since its 2010 formation, limiting historical data for evaluating prospects.
• No minimum purchase commitments from Ergon — Under both the MCCA and the Ergon License, Ergon is not currently required to purchase any minimum amounts of biochar or Verde 24, so revenue generation is uncertain.
• Persistent losses and cash flow deficits — The company has never been profitable, reporting net losses each year from 2022 through 2026 and negative operating cash flow each year over the same period.
• Early-stage revenue base — Annual revenue was $467,788 in 2026, with the most recent quarter at $835, against net loss of $3.4M for the year, indicating a small commercial base relative to costs.

Outlook

Management states it plans to expand operations and grow revenue over the next twelve months primarily by marketing and selling proprietary road technologies through Ergon exclusively in North America, initially focused on the United States. Distribution is anticipated through Ergon's established sales channels to asphalt mixing plants across the United States, Canada, and Mexico, which management describes as enabling immediate scalability and near-term revenue generation. The company also plans to license the Verde Net Zero Blueprint globally in countries pursuing Net Zero by 2050. It cautions that actual results could differ materially from these forward-looking statements.