VIP Play Swings to $4.3M Profit in H1 FY2026 After $11.3M Loss Year Earlier

VIP Play reported net income of $4.29 million for the six months ending December 31, 2025, a sharp reversal from a net loss of $11.27 million in the year-ago period. The Nevada-based company posted basic earnings per share of $0.06, compared with a loss of $0.16 per share a year earlier. Read more earnings reports.

Revenue for the first half of fiscal 2026 climbed to $77,000 from $18,000 in the prior-year period. However, cost of goods sold surged to $459,000 from $205,000, pushing gross profit to a negative $382,000 versus a negative $187,000 a year earlier.

Operating expenses fell sharply to $4.88 million from $11.01 million in the same six-month span last year. Operating loss narrowed to $5.26 million from $11.20 million. The improvement in operating expenses accounted for much of the year-over-year swing in profitability.

For the three months ending December 31, 2025, VIP Play posted net income of $7.77 million, up from a loss of $5.93 million in the same quarter a year earlier. Revenue for the quarter totaled $72,000, up from $22,000, while operating expenses dropped to $2.20 million from $8.51 million.

Cash used in operations for the first half of fiscal 2026 was $4.96 million, slightly higher than the $4.82 million used in the prior-year period. Cash from financing activities totaled $5.16 million, compared with $4.84 million a year earlier. The company used $333,000 in investing activities versus $239,000 in the year-ago period.

Total assets stood at $3.88 million as of December 31, 2025, up from $3.75 million at the end of fiscal 2025. Total liabilities declined to $31.16 million from $35.52 million over the same span. The company's stockholders' deficit narrowed to $27.28 million from $31.77 million at June 30, 2025.

VIP Play had 73.46 million shares outstanding as of December 31, 2025, unchanged from the prior fiscal year-end. The company is classified as a non-accelerated filer and a small business.