Clean Energy Technologies Reports $1.16 Million Revenue for First Half of 2026

Clean Energy Technologies, Inc. (CETY) reported a total revenue of $1.16 million for the six months ended June 30, 2026, a significant increase from $678,215 during the same period in 2025. This growth was primarily driven by the company's natural gas trading operations in China, which generated $1.14 million in revenue, compared to just $7,130 in the previous year. However, the company's gross profit decreased to $3,689 from $635,535, largely due to a shift in revenue mix towards lower-margin natural gas sales and the absence of higher-margin clean energy system sales.

The company's operating expenses for the first half of 2026 totaled $1.48 million, down from $1.77 million in the prior year, reflecting reduced salary and personnel costs as fewer resources were needed for ongoing projects. Despite the decrease in operating expenses, CETY recorded a net loss of $1.74 million, slightly higher than the $1.70 million loss reported in the same period last year. The relatively stable net loss was attributed to increased professional fees and interest expenses, which outweighed the benefits from lower salary costs.

CETY's balance sheet as of June 30, 2026, showed total assets of $13.94 million, up from $12.41 million at the end of 2025. The increase was primarily due to higher accounts receivable and investments in convertible notes. However, total liabilities also rose to $7.95 million from $6.17 million, driven by an increase in convertible notes payable and derivative liabilities. The company's stockholders' equity decreased to $5.99 million from $6.25 million, reflecting the ongoing losses and higher financing costs.

In terms of operational developments, CETY has been focusing on its four business segments: Heat Recovery Solutions, Waste-to-Energy, Engineering and Manufacturing, and Natural Gas Trading. The company is actively pursuing project financing for its Vermont Renewable Gas project and other clean energy initiatives, while also implementing cost-reduction strategies within its Heat Recovery Solutions business. CETY has a total of 24 full-time employees and is exploring strategic partnerships to enhance its market position.

Looking ahead, CETY anticipates stronger revenue contributions from its higher-margin segments, particularly Waste-to-Energy and Heat Recovery Solutions, as demand for clean energy solutions continues to grow. The company is committed to executing its corporate strategy aimed at achieving sustained and profitable growth through integrated solutions and technologies, while also expanding its global sales and marketing efforts. However, there remains substantial doubt about the company's ability to continue as a going concern, as it will need to secure additional financing and generate positive cash flow from operations to support its ongoing activities.