Earnings ·
Reports $49.5M net loss for six months ended March 31, 2026
CNEYCN Energy Group. Inc.
CN Energy Group Inc. reported a net loss of $49.5 million for the six months ended March 31, 2026, compared to net income of $6.9 million in the prior year period. The results were driven by a $33.2 million reversal of credit loss allowance related to an acquisition reversal receivable and a $14.3 million impairment loss on advances to suppliers. Revenue increased 8.2% to $17.7 million, supported by higher average selling prices for activated carbon and new robotics solutions sales. The company also closed the acquisition of Blessing Logistics Ltd. in March 2026 through the issuance of 2,857,143 shares valued at $2.0 million. CN Energy Group Inc. manufactures and supplies wood-based activated carbon and provides robotic solutions.