Propanc Biopharma, Inc.
Business
Propanc Biopharma, Inc. is a biopharmaceutical company developing proenzyme-based therapies to prevent recurrence and metastasis of solid tumors by targeting cancer stem cells. Its main product candidate is PRP, an intravenous formulation combining trypsinogen and chymotrypsinogen, and it conducts preclinical and planned clinical development activities and suppository clinical evaluations. Key business activities include PRP development, the POP1 joint research and drug discovery program to produce synthetic backup compounds, and outsourced R&D and manufacturing partnerships. The company pursues clinical trials and regulatory approvals across major markets including the U.S., Europe, the UK, Australia and other international jurisdictions, and seeks licensing partners for commercialization.
Summary from filing dated 2025-09-29
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Administration expenses | 57 | 1 | 1 | 2 | 2 | |
| Occupancy expenses - related party | 26,560 | 34,150 | 28,841 | 28,366 | 28,112 | |
| Research and development | 223,721 | 248,102 | 247,919 | 256,052 | 230,956 | |
| TOTAL OPERATING EXPENSES | 57 | 2 | 2 | 2 | 2 | |
| LOSS FROM OPERATIONS | −57 | −2 | −2 | −2 | −2 | |
| Interest expense | −563,757 | −665,841 | −532,821 | — | — | |
| Interest income | 9 | 60 | 36 | 5,613 | — | |
| Derivative expense | −333,596 | −141,012 | — | — | — | |
| Change in fair value of derivative liabilities | 212,450 | 316,537 | −530,330 | −99,111 | −8,186 | |
| Gain (loss) on extinguishment of debt, net | −871,032 | 54,565 | 25,969 | −17,503 | 50,607 | |
| Foreign currency transaction gain (loss) | −89,243 | 22,080 | 5,885 | −42,395 | 30,497 | |
| TOTAL OTHER INCOME (EXPENSE), NET | −2 | −413,611 | −1 | −722,194 | −327,219 | |
| LOSS BEFORE TAXES | −59 | −2 | −3 | −3 | −2 | |
| Tax benefit | — | 129,132 | 129,841 | 54,977 | 113,415 | |
| NET LOSS | −59 | −2 | −3 | −3 | −2 | |
| Deemed Dividend | — | −192,960 | −466,273 | −700,340 | −391,749 | |
| NET LOSS AVAILABLE TO COMMON STOCKHOLDERS | −59 | −2 | −3 | −3 | −2 | |
| BASIC NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS | −14.85 | −1,421 | −1.8 | −49.23 | −0.8 | |
| DILUTED NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS | −14.85 | −1,421 | −1.8 | −49.23 | — | |
| BASIC WEIGHTED AVERAGE SHARES OUTSTANDING | 4 | 1,417 | 2 | 68,219 | 3 | |
| DILUTED WEIGHTED AVERAGE SHARES OUTSTANDING | 4 | 1,417 | 2 | 68,219 | — | |
| Unrealized foreign currency translation gain (loss) | 49,336 | −25,295 | 60,327 | 149,345 | −182,467 | |
| TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | 49,336 | −25,295 | 60,327 | 149,345 | −182,467 | |
| TOTAL COMPREHENSIVE LOSS | −59 | −2 | −3 | −3 | −3 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-06-30 | FY 2025 2025-04-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|---|
| Cash | 12,088 | — | 21,085 | 10,047 | 4,067 | |
| GST tax receivable | 5,302 | — | 2,950 | 2,867 | — | |
| Prepaid expenses - current portion | 8 | — | — | — | — | |
| Other current assets | 1,380 | — | 1,406 | — | — | |
| TOTAL CURRENT ASSETS | 8 | — | 25,441 | 19,039 | 15,030 | |
| Deferred offering costs | 291,773 | — | 27,117 | — | — | |
| Prepaid expenses - long-term portion | 11 | — | — | — | — | |
| Security deposit - related party | 1,971 | — | 2,008 | 1,999 | 2,075 | |
| Operating lease right-of-use assets, net - related party | 59,413 | 62,126 | 17,799 | — | 62,523 | |
| TOTAL ASSETS | 20 | — | 72,365 | 60,328 | 81,651 | |
| Accounts payable | 1 | — | 1 | 966,718 | 943,023 | |
| Accrued expenses and other payables | 1 | — | 792,190 | 579,707 | 466,115 | |
| Accrued interest | 190,795 | — | 94,612 | 44,709 | 57,822 | |
| Notes payable, net of discount | 543,312 | — | 204,694 | — | — | |
| Convertible notes, net of discounts and including put premiums | 537,921 | — | 399,325 | 390,539 | 926,438 | |
| Embedded conversion option liabilities | 403,892 | — | 133,886 | 423,209 | 151,262 | |
| Employee benefit liability | 667,901 | — | 639,371 | 587,618 | 415,799 | |
| TOTAL CURRENT LIABILITIES | 6 | — | 4 | 3 | 3 | |
| Loan payable - long-term - related party, net of discount | 105,627 | — | 58,642 | — | — | |
| TOTAL NON-CURRENT LIABILITIES | 147,376 | — | 58,642 | 19,278 | 42,319 | |
| TOTAL LIABILITIES | 6 | — | 4 | 3 | 3 | |
| Commitments and Contingencies (See Note 9) | — | — | — | — | — | |
| Common stock, $0.001 par value; 10,000,000,000 shares authorized;11,611,782 and 7,980 shares issued and outstanding as of June 30, 2025 and 2024, respectively | 11,612 | — | 8 | 6,031 | 220 | |
| Common stock issuable (7,750 and 0 shares as of June 30, 2025 and 2024, respectively) | 8 | — | — | 1,621 | 20 | |
| Additional paid-in capital | 138 | — | 62 | 60 | 57 | |
| Accumulated other comprehensive income | 1 | — | 1 | 1 | 1 | |
| Accumulated deficit | −126 | — | −67 | −65 | −62 | |
| Treasury stock ($0.001 share) | −46,477 | — | −46,477 | −46,477 | −46,477 | |
| TOTAL STOCKHOLDERS EQUITY (DEFICIT) | 14 | — | −4 | −3 | −3 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT) | 20 | — | 72,365 | 60,328 | 81,651 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Issuance of common stock for services | 51 | — | 138,948 | 314,626 | 125,572 | |
| Amortization of prepaid stock based expenses | 5 | — | 2,408 | 72,513 | 82,872 | |
| Foreign currency transaction loss (gain) | 89,243 | −22,080 | −5,885 | 42,395 | −30,497 | |
| Depreciation expense | — | 297 | 1,665 | 1,993 | 1,993 | |
| Allowance on refundable advance deposit | — | 120,958 | — | — | — | |
| Amortization of debt discounts | 303,563 | 294,005 | 202,952 | 47,971 | 136,527 | |
| Amortization of right-of-use assets | 20,187 | 21,359 | 21,266 | 3,678 | — | |
| Non-cash interest expense | 5,519 | 3,832 | 1,838 | 2,250 | 16,500 | |
| Accretion of put premium | — | 279,711 | 232,674 | 452,308 | 200,410 | |
| GST receivable | −2,405 | −71 | −610 | 1,660 | −2,147 | |
| Prepaid expenses and other current assets | 1,379 | 4,746 | — | — | — | |
| Refundable advance deposit | — | −120,958 | — | — | — | |
| Deferred offering costs | — | −25,000 | — | — | — | |
| Accounts payable | 187,732 | 242,408 | 80,975 | 18,870 | 178,311 | |
| Employee benefit liability | 40,184 | 49,196 | 186,912 | 29,907 | 33,134 | |
| Accrued expenses and other payables | 677,889 | 209,962 | 130,511 | 65,017 | 152,861 | |
| Accrued interest | 255,155 | 78,733 | 92,474 | 63,878 | 80,582 | |
| Operating lease liability | −21,722 | −21,598 | −19,857 | −3,277 | — | |
| NET CASH USED IN OPERATING ACTIVITIES | −405,168 | −935,118 | −1 | −1 | −1 | |
| Proceeds from convertible promissory notes, net of original issue discounts and issue costs | 222,500 | 567,050 | 590,250 | 766,500 | 325,000 | |
| Repayment of convertible note | −8,000 | −142,909 | — | — | −43,000 | |
| Repayment of notes | −122,788 | — | — | — | — | |
| Proceeds from the sale of common stock | — | 23,057 | 24,711 | 99,285 | — | |
| Proceeds from note payable | 320,000 | 190,000 | — | — | — | |
| Proceeds from loans payable | — | 79,811 | — | — | — | |
| Proceeds from loans payable - related parties | 343,700 | 224,885 | — | — | — | |
| Deferred offering costs | −264,656 | — | — | — | — | |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 490,756 | 941,894 | 1 | 1 | 1 | |
| Effect of exchange rate changes on cash | −94,585 | 4,262 | −2,488 | −52,670 | 22,468 | |
| NET INCREASE (DECREASE) IN CASH | −8,997 | 11,038 | 5,980 | 1,812 | −64,752 | |
| Interest | 30,715 | 9,491 | 2,883 | 2,392 | 13,621 | |
| Income Tax | — | — | — | — | — | |
| Reduction of put premium related to conversions of convertible notes | 10,229 | 246,254 | — | — | — | |
| Conversion of convertible notes and accrued interest to common stock | 79,686 | 560,483 | — | — | — | |
| Settlement of accounts payable for shares of common stock | 129,354 | — | — | — | — | |
| Settlement of loans to former director for shares of common stock | 74,395 | — | — | — | — | |
| Settlement of loans payable including accrued interest for shares of common stock | 86,248 | — | — | — | — | |
| Debt discounts related to derivative liability | 222,500 | 150,000 | 93,668 | — | — | |
| Operating lease right-of-use asset and operating lease liability pursuant to ASC 842 | 62,126 | — | — | — | — | |
| Relative fair value of warrant granted in connection with a loan payable - related party | — | 141,084 | — | — | — | |
| Issuance of common stock for prepaid services (net of amortized portion) | 19 | — | — | — | — | |
| Deemed dividend upon alternate cashless exercise of warrants | — | 192,960 | 466,273 | 700,340 | 391,749 |