Greenland Energy Q2 FY26 net loss widens to $4.9 million; operating expenses rise to $4.9 million
Reuters2026/08/13 21:26- Greenland Energy posted a GAAP net loss of $4.9 million, or $0.13 per share, for the quarter ended June 30, 2026.
- Operating expenses climbed to $4.9 million from $0.4 million a year earlier, driven by public-company readiness, exploration planning, and administrative costs.
- For the six months ended June 30, the GAAP net loss widened to $5.7 million, or $0.18 per share, from $0.4 million.
- Cash and cash equivalents totaled $37.4 million at June 30, with total assets of $67.6 million and liabilities of $1.4 million.
- Completed an April equity offering raising about $70 million in gross proceeds, targeting exploration activities, working capital, and public company costs.
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