HUMBL, Inc. Reports Strong Q1 2025 Net Income Amid Ongoing Financial Challenges and Restructuring

HUMBL, Inc. (OTCMKTS: HMBL) has seen significant changes as it transitions from earlier operations to a new business model focused on mineral resources and technology through various subsidiaries.

Here are the key aspects from the most recent income statement and operational highlights:

**Positive Aspects:**

• **Net Income**: For Q1 2025, HUMBL reported a net income of $12,169,164 opposed to a net loss of $232,022 for Q1 2024. This marks a substantial turnaround partly due to gains from the sale of HUMBL Financial assets.
• **Increased Cash**: As of March 31, 2025, the company held cash reserves of $2,099,252 compared to just $20,487 at the end of Q4 2024.
• **Total Assets Growth**: Total assets rose sharply to $39,031,087 from $23,222,903 in the previous quarter, reflecting new acquisitions and investments.

**Negative Aspects:**

• **Operating Loss**: Despite a rise in net income, HUMBL reported an operating loss of $1,380,493, indicating continued challenges with day-to-day operations.
• **Interest Expense**: Interest expenses surged significantly to $1,267,822 from $96,830, highlighting the cost burden of existing debt.
• **Working Capital Deficit**: The company had a working capital deficit of $6,592,161, down from a staggering $23,693,753 in the previous quarter, but still indicative of financial strain.

**Key Financial Metrics:**

• Cash Position: $2,099,252 as of March 31, 2025.
• Net Income (Loss): $12,169,164 for Q1 2025, compared to a loss of $232,022 in Q1 2024.
• Operating Expenses: Totaling $1,380,493, a slight decrease from $1,532,936 in the previous year.
• Total Assets: $39,031,087 at the end of Q1 2025.
• Preferred Stock**: 7,000,000 shares of Series A, 349,091 shares of Series B, 11,622 shares of Series C, and 100,000 shares of Series D stock outstanding.
• Total Liabilities**: $25,623,248 reflects ongoing financial obligations.

In summary, HUMBL, Inc. is navigating through a critical phase of restructuring and realignment towards a technology and minerals-focused business strategy. The significant gains in net income and cash position indicate potential recovery, yet the operating losses and liabilities present ongoing challenges that need to be managed carefully.