Antelope Enterprise (AEHL) H2 2025 earnings summary

Executive summary

• Transitioned fiscal year end to September 30, aligning reporting with industry practices and operational cycles.

• Operations focus on livestreaming ecommerce and business management consulting in China, with a planned entry into the U.S. energy supply market.

• Discontinued legacy ceramic tile business in April 2023, resulting in a one-time gain.

Financial highlights

• Revenue for the nine months ended September 30, 2025 was $60.8M, down 14.5% from $70.9M in the prior year period.

• Gross profit for the period was $0.1M, compared to $2.4M in the prior year period.

• Net loss attributable to equity holders was $10.8M for the nine months ended September 30, 2025, compared to $8.5M in the prior year period.

• Cash and cash equivalents at September 30, 2025 were $1.9M, up from $1.0M at December 31, 2024.

• Cost of revenues decreased to $60.7M from $68.5M year-over-year, reflecting lower sales and business restructuring.

Outlook and guidance

• Anticipates launching energy supply business in Texas in Q1 2026, targeting data center power and crypto mining hosting.

• Plans to regain lost ecommerce customers and expand value-added services to improve profitability.

• Expects continued focus on cost control and customer diversification in livestreaming ecommerce.