T-REX Acquisition Corp. Posts $1.4M Net Loss on Minimal Revenue in H1 FY2026
T-REX Acquisition Corp., a Nevada-incorporated special purpose acquisition company, reported a net loss of $1.41 million for the six months ending December 31, 2025, against revenue of just $11,389. The operating loss widened 109% from the prior-year period.
T-REX Acquisition Corp., a Nevada-based special purpose acquisition company, reported a net loss of $1.41 million for the six months ending December 31, 2025, more than doubling from a $729,242 loss in the same period a year earlier. Revenue for the half totaled $11,389, while the company reported no revenue in the prior-year period. Read more earnings reports.
Operating expenses surged 94% to $1.20 million from $620,749 in the six months ending December 31, 2024. The operating loss for the period reached $1.30 million compared with a $620,749 operating loss a year earlier.
For the three months ending December 31, 2025, the company posted a net loss of $755,902 versus a loss of $417,427 in the prior-year quarter. Revenue in the most recent quarter was $2,131, with cost of goods sold of $46,241, resulting in a gross loss of $44,110.
Balance Sheet Deteriorates
Total assets fell to $680,255 as of December 31, 2025, down from $747,662 six months earlier. Cash and restricted cash plummeted to $1,759 from $49,733 over the same period. Current assets collapsed to $12,486 from $82,232.
Total liabilities climbed to $2.11 million from $1.84 million at June 30, 2025, with all liabilities classified as current. Stockholders' equity showed a deficit of $1.43 million at the end of the period compared with a deficit of $1.09 million six months prior.
Retained earnings deficit expanded to $10.97 million from $9.56 million as losses mounted. The company had 27.15 million shares outstanding as of December 31, 2025.
Cash Burn Accelerates
Cash used in operations totaled $175,395 for the six months ending December 31, 2025, an improvement from $481,329 consumed in the prior-year period. Cash from financing activities brought in $139,750, while investing activities used $12,329.
Interest expense jumped 163% to $60,773 from $23,119 in the year-earlier period. The company reported diluted earnings per share of negative $0.05 for the six-month period compared with negative $0.02 a year earlier, based on weighted average diluted shares of 25.86 million.
Key Financial Metrics
| Metric | H1 FY2026 (ending Dec 31, 2025) | H1 FY2025 (ending Dec 31, 2024) |
|---|---|---|
| Total Revenue | $11,389 | $0 |
| Operating Loss | ($1,299,324) | ($620,749) |
| Net Loss | ($1,410,116) | ($729,242) |
| Cash from Operations | ($175,395) | ($481,329) |
| Total Assets | $680,255 | N/A |
| Stockholders' Equity | ($1,433,037) | N/A |
| Diluted EPS | ($0.05) | ($0.02) |
The company is classified as a non-accelerated filer and qualifies as a small business. It had property, plant and equipment of $582,573 as of December 31, 2025, down slightly from $588,361 six months earlier, with depreciation and amortization of $18,117 recorded during the six-month period.