CL Workshop Group management says H1 2026 revenue drop on weaker wood demand and prices drives $1.74 million net loss
NWGL•CL Workshop Group said revenue fell to $2.96 million in the first half of 2026 from $8.15 million a year earlier, while its net loss widened to $1.74 million from $57,000.
1. First-half results
Revenue fell in the six months ended June 30, 2026, as weaker wood demand and lower prices were tied to a global downturn affecting homebuilding and renovation. Gross profit dropped to $135,000 from $2.32 million, narrowing the margin to 4.6% from 28.5%; operating expenses declined to $1.39 million from $2.21 million.
