Brownie’s Marine Group FY26 H1 net income swings to USD 711,689; net revenues rise 11% to June 30
BWMG•Post-quarter acquisition of Sunrise Paddleboards assets
Post-quarter, Live Blue acquired Sunrise Paddleboards’ assets on July 1 in exchange for 42,000,000 shares priced at $0.0044 per share.
First-half results improve on higher revenues and margins
Brownie’s Marine Group posted GAAP net income of $711,689 for the six months ended June 30, 2026; operating cash flow was $532,827.
Net revenues rose 11% for the six months, driven by higher BTL, BLU3 and Submersible Systems sales, partly offset by a slight decline at LW Americas.
Gross margin widened 11.1 percentage points to 49.1% for the six months, as cost of net revenues fell to 50.9% of net revenues from 65.7%.
SG&A climbed 70.3% to $2.22 million, reflecting higher audit and consulting fees tied to employee retention credit filings.
