Minehub Technologies (MHUB) Q3 2025 earnings summary

Executive summary

• Achieved 19% year-over-year revenue growth for the nine months ended October 31, 2024, driven by SaaS revenue expansion and a strategic shift away from non-recurring professional services.

• Transitioned to a recurring SaaS subscription revenue model, resulting in more predictable and stable revenue streams.

• Expanded customer base and deepened relationships, including a 100% renewal rate on accounts up for renewal in the quarter.

• Strategic expansion into Asian markets with new agreements in China and expanded partnership with Sumitomo.

• Abaxx Technologies to increase its strategic ownership to 19.99% via share acquisition.

Financial highlights

• Revenue for the first nine months of fiscal 2025 was $1.6 million, up 19% from $1.4 million in the prior year.

• SaaS revenue increased by $311,000 or 31% year-over-year, offsetting a decline in non-recurring professional services revenue.

• Net loss improved to $4.7 million from $5.2 million in the prior year, an 11% reduction due to better cost management and increased revenue.

• Q3 fiscal 2025 revenue was $402,211, down $248,766 from prior year due to transition to recurring SaaS model.

• Achieved $11.5 billion in GMV transacted on the platform in the nine months ended October 31, 2024, up from $9.6 billion in the prior year.

Outlook and guidance

• Management aims to increase annual recurring revenue (ARR) by signing new contracts and expanding volumes with existing customers; ARR as of December 16 was approximately $2.2 million.

• Plans to improve profitability through continued cost containment and revenue growth.

• Focused on expanding into Asian and European markets, leveraging regulatory drivers and strategic partnerships.

• Expects SaaS revenue to ramp up more quickly in calendar 2025 as late-stage pipeline opportunities close.

• Continued ecosystem expansion leveraging partnerships with industry leaders.