{"id":876351,"date":"2025-08-15T16:12:20","date_gmt":"2025-08-15T20:12:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-holdings-inc-reports-unaudited-financial-results-for-the-first-six-months-of-fiscal-year-2025\/"},"modified":"2025-08-15T16:12:20","modified_gmt":"2025-08-15T20:12:20","slug":"ebang-international-holdings-inc-reports-unaudited-financial-results-for-the-first-six-months-of-fiscal-year-2025","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-holdings-inc-reports-unaudited-financial-results-for-the-first-six-months-of-fiscal-year-2025\/","title":{"rendered":"Ebang International Holdings Inc. Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025"},"content":{"rendered":"
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SINGAPORE, Aug. 15, 2025 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany,\u201d \u201cwe,\u201d \u201cus\u201d or \u201cour\u201d), today announced its unaudited financial results for the first six months of fiscal year 2025.<\/p>\n

\n Operational and Financial Highlights for the First Six Months of Fiscal Year 2025<\/strong>\n <\/p>\n

\n Total net revenues\u00a0<\/strong>in the first six months of 2025 were US$3.58 million, representing an 69.46% period-over-period increase from US$2.11 million in the same period of 2024.<\/p>\n

\n Gross loss<\/strong>\u00a0in the first six months of 2025 was US$0.65 million compared to the gross profit of US$0.08 million in the same period of 2024.<\/p>\n

\n Net loss\u00a0<\/strong>in the first six months of 2025 was US$4.50 million compared to US$6.65 million in the same period of 2024.
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Mr. Dong Hu, Chairman and Chief Executive Officer of the Company, commented, \u201cIn the first half of 2025, our Fintech business has demonstrated resilience, achieving modest growth amidst a complex macroeconomic landscape. Concurrently, our forward-looking investments in renewable energy have made strides, turning this field as a new growth engine for the company. We believe that the global carbon neutrality process has shifted from being policy-driven to market-driven, and the demand for renewable energy will continue to thrive. Leveraging our fifteen years of extensive experience in chip technology, hardware, and intelligent manufacturing, the Company is rapidly repurposing high-efficiency computing power, precision manufacturing, and energy management technologies into photovoltaic, energy storage, and smart energy applications. This approach enables us to achieve dual optimization in product iteration and cost efficiency.\u201d<\/p>\n

Mr. Hu continues, \u201cLooking ahead, we will continue to explore the incremental demand for technology, cross-border payments, and digital asset trading in the regulated Fintech market under a compliance framework. We are committed to continuously launching products and services that align with market needs. In the renewable energy field, we aim to establish a vertically integrated industrial ecosystem that connects the entire value chain\u2014from upstream raw materials and midstream manufacturing to downstream energy services. At the same time, leveraging our company\u2019s established mature manufacturing system, we are actively exploring new opportunities for \u201cMade in America\u201d. We aim to expand the coverage of \u201cMade in America\u201d, extending our manufacturing advantages into a broader range of scenarios and establishing a diversified local production capacity across multiple fields. We firmly believe that a clear strategy, leading technology, and exceptional execution capabilities are core competencies that enable our company to navigate through cycles successfully. We will persistently scan global markets for emerging demands, new policies, and innovative technologies while prudently yet decisively allocating resources to expand new development spaces and create long-term stable value returns for our shareholders.\u201d\u00a0<\/p>\n

\n Unaudited Financial Results for the First Six Months of Fiscal Year 2025<\/strong>\n <\/p>\n

\n Total net revenues\u00a0<\/strong>in the first six months of 2025 were US$3.58 million, representing a 69.46% period-over-period increase from US$2.11 million in the same period of 2024. The period-over-period increase in total net revenues was driven by more revenue generated from sales of renewable energy products and services as well as rental services starting second half of 2024.<\/p>\n

\n Cost of revenues\u00a0<\/strong>in the first six months of 2025 was US$4.23 million, representing a 108.20% period-over-period increase from US$2.03 million in the same period of 2024. The period-over-period increase in cost of revenues was primarily driven by (1) more revenue generated from sales of renewable energy products starting second half of 2024, and (2) a value-added tax (\u201cVAT\u201d) recoverable impairment which was recognized and substantially allocated to cost of revenue in the first six months of 2025, as it is expected that the VAT will not be recovered in the foreseeable future. There was no such impairment incurred in 2024.<\/p>\n

\n Gross loss<\/strong>\u00a0in the first six months of 2025 was US$0.65 million, compared to gross profit of US$0.08 million in the same period of 2024.<\/p>\n

\n Total operating expenses\u00a0<\/strong>in the first six months of 2025 were US$10.21 million compared to US$12.50 million in the same period of 2024.<\/p>\n