CN Energy management cites $33.2 million credit-loss allowance as driver of $49.5 million net loss in six months to March 31, 2026
CNEY•Loss drivers and financing costs
Net loss was $49.5 million, pressured by a $33.2 million allowance for credit losses tied to an acquisition reversal receivable.
Results also reflected a $14.34 million impairment on advances to suppliers; interest expense rose to $885,910 after a $7.5 million secured promissory note.
Management commentary for six months ended March 31, 2026
Management commentary for the six months ended March 31, 2026 showed revenue up 8.2% to $17.7 million, driven by higher activated carbon pricing.
- Average selling price rose to $1,200 per ton from $1,111.
- Volume slipped to 14,675 tons from 14,744.
- Cost of revenue climbed 10% to $17.5 million as average unit cost increased to $1,187 per ton from $1,078.
