Farmmi posts six-month net loss as March 31, 2026 credit-loss provisions surge on supplier advances write-down
FAMI•Liquidity and going-concern warning
Cash was about $0.2 million; management flagged going-concern doubt, citing plans for additional financing and lower operating cash use.
Six-month revenue and gross result decline
For the six months ended March 31, 2026, revenue fell 60.4% to $6.4 million; weaker demand cut shiitake and Mu Er order volumes.
Gross result swung to a $1.1 million loss from $0.8 million profit; logistics losses widened during “one-piece shipping” ramp-up.
Net loss driven by credit-loss allowance and impairment
Net loss widened to $37.6 million from $251,658, driven by a $29.1 million credit-loss allowance on supplier advances.
Results also reflected a $7 million long-term investment impairment tied to a plan to substantially reduce and exit certain PRC operations.
