Farmmi posts six-month net loss as March 31, 2026 credit-loss provisions surge on supplier advances write-down

Reuters2026/08/27 12:32

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For the six months ended March 31, 2026, revenue fell 60.4% to $6.4 million; weaker demand cut shiitake and Mu Er order volumes.
Gross result swung to a $1.1 million loss from $0.8 million profit; logistics losses widened during “one-piece shipping” ramp-up.
Net loss widened to $37.6 million from $251,658, driven by a $29.1 million credit-loss allowance on supplier advances.
Results also reflected a $7 million long-term investment impairment tied to a plan to substantially reduce and exit certain PRC operations.
Cash was about $0.2 million; management flagged going-concern doubt, citing plans for additional financing and lower operating cash use.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Farmmi Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-005284), on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Farmmi posts six-month net loss as March 31, 2026 credit-loss provisions surge on supplier advances write-down

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