Global Gas swings to Q2 FY26 net loss of USD 49,681; operating loss narrows 42% to USD 20,684 - HGAS News | RalliesGlobal Gas swings to Q2 FY26 net loss of USD 49,681; operating loss narrows 42% to USD 20,684
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HGAS• Quarterly results and liquidity pressure
- Global Gas posted a net loss of USD 49,681 for the quarter ended June 30, 2026, swinging from net income of USD 167,868.
- General and administrative expense fell 42% to USD 20,684, while operating loss narrowed to USD 20,684.
- Derivative warrant revaluation moved to a loss of USD 25,600 from a gain of USD 4,040.
- Cash was USD 939 at June 30, 2026, with a working capital deficit of USD 323,857 and an accumulated deficit of USD 490,429.
- Management flagged substantial doubt about going concern through 12 months, citing liquidity pressure and the need to raise additional equity.
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