Lakeside Holding Posts $2.94M Net Loss in H1 FY2026 as Revenue Surges 72%
Lakeside Holding Limited reported a net loss of $2.94 million for the six months ending December 31, 2025, despite revenue climbing to $11.89 million from $6.92 million in the prior-year period.
Lakeside Holding Limited, a Nevada-incorporated holding company, reported a net loss of $2.94 million for the six months ending December 31, 2025, compared to a net loss of $3.28 million in the same period a year earlier. The company posted revenue of $11.89 million for the half-year period, up 72% from $6.92 million in the prior-year period. Read more earnings reports.
For the three months ending December 31, 2025, the company recorded a net loss of $1.58 million on revenue of $5.74 million. That compares to a net loss of $1.95 million on revenue of $3.64 million in the same quarter of the prior year.
Despite the revenue growth, operating losses widened to $2.76 million for the six-month period from operating income of negative $3.33 million a year earlier. Gross profit for the half-year reached $3.02 million, up sharply from $480,308 in the prior-year period, but operating expenses climbed to $5.78 million from $3.81 million.
Balance Sheet and Cash Position
Total assets stood at $24.30 million as of December 31, 2025, up from $14.41 million at June 30, 2025. Cash and cash equivalents fell to $1.64 million from $4.96 million at the prior fiscal year-end. Current assets rose to $21.21 million from $10.28 million.
Total liabilities increased to $12.12 million from $11.56 million. Stockholders' equity more than quadrupled to $12.18 million from $2.85 million at June 30, 2025. The company's outstanding shares increased to 34,427,559 from 10,500,000 over the same period.
Cash Flow
Cash from operations was negative $4.47 million for the six months ending December 31, 2025, compared to negative $1.93 million in the prior-year period. Cash used in investing activities totaled $7.15 million, up from $1.35 million a year earlier. The company generated $8.10 million from financing activities, compared to $4.30 million in the prior-year period.
| Metric | H1 FY2026 | H1 FY2025 |
|---|---|---|
| Revenue | $11.89 million | $6.92 million |
| Gross Profit | $3.02 million | $480,308 |
| Operating Loss | ($2.76 million) | ($3.33 million) |
| Net Loss | ($2.94 million) | ($3.28 million) |
| EPS (Diluted) | ($0.17) | ($0.44) |
The company reported basic and diluted loss per share of $0.17 for the six-month period, compared to $0.44 in the prior year. Weighted average shares outstanding on a diluted basis were 17,151,720 versus 7,500,000 a year earlier.
Lakeside Holding operates as a holding company and is classified as a non-accelerated filer with small business status. The company is incorporated in Nevada.