Quarterly ResultJun 30, 2026, 05:21 PM
Antelope Enterprise H1 Net Sales $29.9M; Loss Narrows to $2.6M
AI Summary
Antelope Enterprise Holdings reported its unaudited interim financial results for the six months ended March 31, 2026, with net sales decreasing to $29.9 million from $48.7 million year-over-year. Despite the revenue decline, the company's net loss narrowed significantly to $2.6 million from $3.8 million in the prior year, and loss per share improved to $(0.89). The company also invested in digital assets, acquiring $1.0 million in Bitcoin during the period, and saw an increase in total assets.
Key Highlights
- Net sales decreased to $29.9 million for the six months ended March 31, 2026, from $48.7 million in the prior year.
- Net loss for the period narrowed to $2.6 million, down from $3.8 million year-over-year.
- Basic and diluted loss per share improved to $(0.89) from $(1.69) for the six-month period.
- Livestreaming ecommerce revenue decreased to $29.4 million from $48.5 million.
- Business management and consulting revenue increased to $0.5 million from $0.3 million.
- The company acquired $1.0 million in digital assets (Bitcoin), holding $0.9 million as of March 31, 2026.
- Total assets increased to $40.2 million as of March 31, 2026, from $37.1 million as of September 30, 2025.
- Net cash used in operating activities improved to $(0.6) million from $(5.4) million year-over-year.
Price Impact
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