Hubilu net loss more than doubled to $292,375 in Q2 FY26; revenue falls 12% to $504,556
HBUV•Liquidity and going-concern warning
Cash on hand totaled $108,704 at June 30, 2026; working capital deficit narrowed to $1.48 million from $2.44 million at Dec. 31, 2025.
Management flagged going-concern uncertainty, citing recurring losses and an accumulated deficit of $3.32 million while seeking additional capital and higher occupancy.
Q2 results show wider loss and lower revenue
Hubilu Venture posted a net loss of $292,375 in the quarter ended June 30, 2026, more than doubled from a year earlier.
Rental revenue fell 12% to $504,556 year over year, on higher vacancies and lower advance rent collections.
Operating income declines as repair costs rise
Net operating income dropped 61% to $87,206, while repairs and maintenance jumped to $146,613 on additional renovations and upkeep.
