Hammer Technology Holdings Swings to $301,755 Loss in H1 FY2026

Hammer Technology Holdings Corp., a Nevada-based holding company, reported a net loss of $301,755 for the six months ending January 31, 2026, compared to net income of $940,004 in the same period a year earlier. The swing from profit to loss marks a dramatic turnaround for the small-cap firm, which generated no revenue during either period. Read more earnings reports.

For the three months ending January 31, 2026, the company posted a net loss of $152,880, down from net income of $1.38 million in the prior-year quarter. The year-earlier profit was driven entirely by discontinued operations, which contributed $1.66 million in income during the quarter ending January 31, 2025.

Operating losses narrowed considerably year-over-year. For the six-month period, the operating loss totaled $304,381, an improvement from a $703,161 operating loss in the prior-year period. For the most recent quarter, the operating loss was $139,274, compared to $347,575 a year earlier.

Selling, general and administrative expenses dropped to $242,231 for the six months ending January 31, 2026, down from $363,487 in the prior-year period. For the quarter, SG&A expenses fell to $108,199 from $176,928.

Depreciation and amortization declined sharply to $62,150 for the six-month period, compared to $339,674 in the prior year. The company recorded $31,075 in depreciation and amortization for the most recent quarter, down from $170,647 a year earlier.

The company's balance sheet shows total assets of $182,391 as of January 31, 2026, down from $235,534 at the end of the prior fiscal year on July 31, 2025. Cash and cash equivalents stood at $28,312, up from $18,054 six months earlier.

Total liabilities increased to $1.15 million as of January 31, 2026, compared to $963,609 at the end of July 2025. Accounts payable decreased to $103,004 from $184,077 over the same period.

Stockholders' equity remained deeply negative at $968,030 as of January 31, 2026, compared to a deficit of $728,075 six months earlier. Retained deficit widened to $32.13 million from $31.83 million.

Intangible assets totaled $153,829 as of January 31, 2026, down from $215,710 at the end of July 2025. Property, plant and equipment fell to $250 from $520 over the same period.

The company reported 69.06 million shares outstanding as of January 31, 2026, unchanged from six months earlier. Earnings per share for the six-month period were zero, compared to $0.02 in the prior year on both a basic and diluted basis.