Hartford Creative Group Net Income Plunges 79% to $57,631 in H1 FY2026
Hartford Creative Group, a Nevada-incorporated creative services firm, reported net income of $57,631 for the six months ending January 31, 2026, down 79% from $271,284 in the prior-year period. Revenue collapsed 84% to $71,600.
Hartford Creative Group, a Nevada-incorporated creative services firm, reported net income of $57,631 for the six months ending January 31, 2026, down 79% from $271,284 in the prior-year period. The small business filer disclosed sharply lower revenue and reduced operating costs in its latest quarterly filing. Read more earnings reports.
Revenue for the six-month period fell 84% to $71,600 from $447,199 a year earlier. The company reported all of its revenue in the most recent quarter ending January 31, 2026, with no revenue in the prior quarter. Cost of revenue dropped to $3,093 from $109,822 in the year-ago period.
Operating income declined 63% to $135,369 from $368,922 in the first half of fiscal 2025. Selling, general and administrative expenses rose 5% to $385,897 from $366,755. Interest expense declined to $5,041 from $8,231 year-over-year.
For the quarter ending January 31, 2026, net income was $6,957, down 95% from $144,015 in the prior-year quarter. Operating income for the quarter fell 88% to $21,477 from $176,850.
Balance Sheet and Cash Flow
Total assets declined to $3.59 million as of January 31, 2026, from $6.91 million six months earlier. Current assets fell to $3.19 million from $6.51 million. Cash and cash equivalents increased to $149,617 from $57,065.
Total liabilities dropped to $3.24 million from $6.61 million. Accounts payable fell sharply to $3,093 from $44,169. Stockholders' equity rose to $357,837 from $299,188, driven by the retention of earnings and a reduction in accumulated deficit.
Cash used in operations was $173,992 for the six-month period, a reversal from cash provided by operations of $232,456 a year earlier. Cash from financing activities totaled $264,136, compared with cash used in financing of $28,746 in the prior-year period.
The company reported 25,027,004 common shares outstanding as of January 31, 2026, unchanged from six months earlier. Earnings per share for the six-month period were $0.00 on both a basic and diluted basis, down from $0.01 in the prior year.
Key Financial Metrics
| Metric | Six Months Ending Jan 31, 2026 | Six Months Ending Jan 31, 2025 |
|---|---|---|
| Total Revenue | $71,600 | $447,199 |
| Operating Income | $135,369 | $368,922 |
| Net Income | $57,631 | $271,284 |
| EPS (Basic) | $0.00 | $0.01 |
| Total Assets | $3,594,657 | Not disclosed |
| Stockholders' Equity | $357,837 | $299,188 |
Hartford Creative Group is a non-accelerated filer with small business status. The company is incorporated in Nevada and had total assets of $3.59 million as of the end of the reporting period.