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On July 1, 2025, Abundia Global Impact Group, Inc. (formerly Houston American Energy Corp.), a Delaware corporation ( AGIG , the Company, we, us, or our ), acquired all of the outstanding units of Abundia Global Impact Group LLC ( AGIG LLC ) through a share exchange transaction. Prior to the transaction, the Company, as Houston American Energy Corp. ( HUSA ), operated as a small indepen…
The business is unprofitable at the operating level (-7000.77% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 26.7% YoY. Margins deteriorated 5563.9pp alongside, both lines moving the wrong way.
ROIC dropped from -62.71% to -104.39%, capital efficiency is deteriorating. Negative free cash flow of -$17M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$441K
▼ -26.7% YoY
Net Income (TTM)
-$34M
▼ -716.2% YoY
Op. Margin
-7315.86%
▼ -5563.9pp YoY
ROIC
-81.89%
▼ -41.7pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$17M
Op. Cash Flow (TTM)
-$11M
▼ -318.4% YoY
Net Debt
-$2M
Net Cash Position
Cash & Equiv.
$16M
5Y CAGR: -5.8%
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