Antelope Enterprise (AEHL) investor relations material

Executive summary

• H1 FY2026 loss before tax narrowed 31.6% YoY to $2.6 million, supported by higher gross profit and other income, while revenue fell to $29.9 million.

• Livestreaming e-commerce remained the core business at 98% of revenue; a user-traffic consolidation contributed to lost customers and lower sales.

Financial highlights

• Revenue was $29.904 million versus $48.725 million in H1 FY2025; livestreaming e-commerce revenue declined 39.4% to $29.4 million.

• Gross profit rose to $1.28 million from $1.23 million; gross margin increased to 4.29% from 2.54%.

• Loss before tax narrowed to $2.6 million from $3.8 million; net loss attributable to equity holders was $3.3 million versus $4.1 million.

• Other income increased to $2.1 million from $1.2 million, including a $1.2 million government grant and $0.7 million loan forgiveness in H1 FY2026.

Outlook and guidance

• Hainan Kylin was preparing to relaunch livestreaming e-commerce to regain certain customers lost after traffic acquisition was centralized under Anhui Kylin.

• Customer prices were being gradually increased from early 2026; plans include strengthening public-domain traffic cooperation, including Douyin, to support profitability.

• Management expects Bitcoin market performance and U.S. regulatory developments to support positive returns, while identifying customer recovery and capital raising as uncertainties.