Quarterly ResultJul 6, 2026, 08:01 AM
Antelope Enterprise narrows loss to $2.6M; ventures into crypto
AI Summary
Antelope Enterprise Holdings reported its semi-annual financial results for the six months ended March 31, 2026. The company narrowed its loss before taxation by 31.6% to $2.6 million, attributed to improved gross margin percentages and increased other income. Total revenue decreased by 38.6% to $29.9 million, primarily due to a 39.4% drop in livestreaming ecommerce revenue. Additionally, AEHL ventured into the cryptocurrency sector, launching a "Genius Plan" and acquiring $1 million in Bitcoin in February 2026.
Key Highlights
- Loss before taxation narrowed by 31.6% to $2.6 million.
- Total revenue decreased to $29.9 million from $48.7 million.
- Livestreaming ecommerce revenue decreased by 39.4% to $29.4 million.
- Gross profit margin increased to 4.29% from 2.54%.
- Other income increased to $2.1 million from $1.2 million.
- Acquired $1 million in Bitcoin in February 2026.
- Cash and cash equivalents were $1.78 million as of March 31, 2026.
- Stockholders’ equity increased by 15.1% to $30.96 million.
Price Impact
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