CN Energy FY26 first-half net loss widens to $49.54 million; revenue rises 8.21% to $17.72 million
CNEY•First-half results
CN Energy posted a net loss of $49.54 million for the six months ended March 31, 2026, swinging from net income.
Revenue rose 8.2% to $17.72 million, while gross profit fell 49.8% to $240,632.
Recent business developments
Operations expanded into U.S. robotics in October 2025, and the company acquired Blessing Logistics on March 31, 2026 via a $2 million share issuance.
Operating loss and balance sheet
Operating loss widened to $48.08 million, including a $33.15 million credit-loss allowance and a $14.34 million supplier-advance impairment.
Cash and restricted cash climbed to $5.66 million at March 31, 2026, up from $390,706 at September 30, 2025.
