STAK Inc.

STAK Inc. announced that its subsidiary, STAK Industry Energy Ltd., has entered into a non-binding letter of intent (LOI) for the potential procurement of gas-powered generators. The initial proposed procurement is valued in the hundreds of thousands of U.S. dollars, with potential subsequent procurements totaling millions of U.S. dollars. These amounts are preliminary and non-binding, and any actual transaction is contingent upon the execution of definitive purchase contracts. The company cannot assure that any transactions will be completed or that revenue will be generated.

STAK Inc. announced its intent to form a majority-owned U.S. subsidiary to launch AI-ready distributed power solutions. The subsidiary will commercialize proprietary modular gas-to-electricity generation systems designed for AI data centers and other energy-intensive applications across North America. STAK will hold a 60% equity interest, consolidate financial results, and oversee sales, branding, and capital markets activities. The systems are capable of generating up to 1.4 megawatts per unit and are compatible with various gaseous fuels, with commercial deployment anticipated soon after obtaining necessary regulatory approvals.

STAK Inc. announced unaudited financial results for the first half of fiscal year 2026, reporting a 13.41% increase in revenues to $19.2 million, primarily driven by higher order volumes and increased sale prices for specialized oilfield vehicles. Despite revenue growth, net income decreased to $1.8 million from $2.0 million in the prior year, and basic and diluted earnings per share fell to $0.14 from $0.20. The company's gross profit remained steady at $5.2 million, but the gross profit margin declined to 27.24% due to increased production costs and promotional sales.