Fuse Group Holding Inc. Reports Revenue Decline and Increased Losses for Six Months Ending March 31, 2026

Fuse Group Holding Inc. reported its financial results for the six months ending March 31, 2026, revealing a significant decline in revenue and an increase in operational losses compared to the previous fiscal period. The company generated revenue of $7.7 million for the six months ended March 31, 2026, down from $19.9 million during the same period in 2025. The gross profit for the current period was $7.7 million, reflecting a decrease in demand for consulting services, particularly in the hospitality sector. The net loss for the six months was $90,785, compared to a loss of $131,421 in the prior year.

In terms of operational expenses, Fuse Group reported a reduction in total operating expenses to $91,498 for the six months ended March 31, 2026, down from $148,357 in the same period last year. This decrease was attributed to lower personnel costs and reduced expenses in rent and utilities, although there were increases in professional fees and commissions. Non-operating expenses also rose to $4,570, primarily due to interest expenses related to loans and convertible notes.

The company's balance sheet as of March 31, 2026, showed total current assets of $17.3 million, a significant decrease from $34.7 million as of September 30, 2025. Current liabilities were reported at $253.6 million, down from $320.3 million, resulting in a working capital deficit of $236.3 million. The company’s accumulated deficit increased to $8.3 million, raising concerns about its ability to continue as a going concern. Management indicated that they are exploring options for additional financing to support ongoing operations.

Strategically, Fuse Group has been diversifying its business interests, particularly in the consulting sector, which includes catering and culinary services. The company has also been involved in potential acquisitions, including a Letter of Intent with Beijing Catering Inc. to purchase its equity interest, although this transaction has not yet been finalized. Additionally, the company is awaiting government approval for a previous acquisition related to mining rights in Mexico, which remains incomplete.

Looking ahead, Fuse Group's management expressed uncertainty regarding future revenue generation and the ability to secure additional funding. The company plans to continue its efforts in developing its mining and consulting services while seeking to stabilize its financial position. However, the ongoing challenges in the market and the need for additional capital raise significant concerns about the company's operational viability in the near term.