188% increase in Gross Profit, growth in net assets to
Company restructure in H1 2026 has resulted in profitable operating units, 99% reduction in third-party debt.
79% reduction in total net loss to
Legal wins have removed constraints to future growth of its dual AI and Bitcoin treasury plans.
“Since the end of the period, the last of the constraints on the business has been removed. On
The results presented in this release are for the six months ended
Financial Highlights for the First Half of 2026
| ? | 140% increase in revenue from continuing operations of | |
| ? | 188% increase in gross profit to | |
| ? | A decrease in operating expenses to | |
| ? | A reversal in operational performance to | |
| ? | 35% reduction in net loss from treasury and central costs to | |
| ? | 79% reduction in total net loss to | |
| ? | Basic and diluted loss per share of | |
| ? | Cash and cash equivalents of | |
| ? | Total current assets of | |
| ? | Total assets of | |
| ? | Net assets of |
Strategic and Operational Highlights for the First Half of 2026
| ? | Closure or restructuring of loss-making divisions, including the closure of | |
| ? | Sale of the remainder of the Company’s Bitcoin Treasury and repayment of the Company’s third-party debt, reducing total liabilities by 37% to | |
| ? | Growth in net assets to | |
| ? | Launch and scaling of Student AI and Teacher AI, which reached approximately 300,000 users during 2026. | |
| ? | Completion in | |
| ? | Buyback of 6,037,851 ordinary shares and cancellation of 20,000,000 ordinary shares in | |
| ? | Continued progress on the Company’s legal actions, including its appeal against the preliminary injunction and its ICC arbitration claim. |
Recent Strategic and Operational Highlights
| ? | Launch on | |
| ? | Award of a | |
| ? | Second round of the Company’s Share Loyalty Bonus Program, with a record date of | |
| ? | Launch in | |
| ? | Opening of the 2026/27 school year at the Nuanu campus with 235 students, approximately 65% year-on-year enrolment growth, with capacity across the Company’s | |
| ? | Net assets of | |
| ? | Announcement on | |
| ? | Shareholder authorization for the issuance of preferred shares and for the buyback of up to 20% of the Company’s ordinary shares. | |
| ? | Vacatur, by summary order of the | |
| ? | Final ICC arbitration award in the Company’s favor, entitling the Company to the return of 7,387,374 ordinary shares, monetary damages of |
Other
The audit report on the Company’s audited consolidated financial statements for the fiscal year ended
About Genius Group
Genius Group (NYSE American: GNS) delivers AI-powered education and acceleration solutions for the future of work. The Group serves 6 million users in over 100 countries through its Genius City model and its online marketplace of AI training, AI tools and AI talent, providing personalized, entrepreneurial AI pathways at individual, enterprise and government level. To learn more, please visit www.geniusgroup.net.
Investor Notice
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in our most recent Annual Report on Form 20-F, as amended for the fiscal year ended December 31, 2025, filed with the SEC on March 9, 2026. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.
Forward-Looking Statements
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
GENIUS GROUP LIMITED AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(Expressed In US Dollars)
| As of | As of | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and cash equivalents | 1,883,775 | 2,422,988 | ||||||
| Accounts receivable, net | 1,066,049 | 1,122,988 | ||||||
| Other receivables | 1,734,079 | 1,734,281 | ||||||
| Due from related parties | 3,572,192 | 388,129 | ||||||
| Digital assets | - | 14,901,321 | ||||||
| Inventories | 211,532 | 682,575 | ||||||
| Prepaid expenses and other current assets | 1,631,115 | 2,613,014 | ||||||
| Total Current Assets | 10,098,742 | 23,865,296 | ||||||
| Property and equipment, net | 13,046,614 | 12,946,708 | ||||||
| Operating lease right-of-use asset | 2,136,932 | 2,315,726 | ||||||
| Investments at fair value | 9,998,751 | 1,396,266 | ||||||
| Investments in joint venture | 5,100,000 | 5,100,000 | ||||||
| 44,784,037 | 44,792,535 | |||||||
| Intangible assets, net | 9,580,637 | 9,763,092 | ||||||
| Other receivables | 795,492 | 814,457 | ||||||
| Other non-current assets | 35,941,962 | 35,941,961 | ||||||
| Total Assets | 131,483,167 | 136,936,041 | ||||||
| Liabilities and Shareholders’ Equity | ||||||||
| Current Liabilities | ||||||||
| Accounts payable | 6,539,417 | 4,253,912 | ||||||
| Accrued expenses and other current liabilities | 2,677,214 | 3,564,543 | ||||||
| Deferred revenue | 4,059,913 | 3,886,345 | ||||||
| Income tax payable | 50,630 | 71,263 | ||||||
| Due to related parties | 1,169,741 | 7,009,162 | ||||||
| Operating lease liabilities – current portion | 325,264 | 234,169 | ||||||
| Loans payable – current portion | 101,532 | 8,577,774 | ||||||
| Short term debt | 25,000 | 25,000 | ||||||
| Total Current Liabilities | 14,948,711 | 27,622,168 | ||||||
| Due to related parties | 9,239,094 | 9,722,569 | ||||||
| Operating lease liabilities – non current portion | 1,939,977 | 2,066,167 | ||||||
| Deferred tax liability | (626,267 | ) | 907,500 | |||||
| Loans payable – non-current portion | 6,784 | - | ||||||
| Total Liabilities | 25,508,299 | 40,318,404 | ||||||
| Commitments and Contingencies Shareholders’ Equity: | ||||||||
| Contributed capital | 251,089,794 | 238,695,979 | ||||||
| (4,346,764 | ) | (4,346,764 | ) | |||||
| Reserves | (6,188,838 | ) | (7,131,612 | ) | ||||
| Accumulated deficit | (141,681,155 | ) | (137,963,053 | ) | ||||
| Capital and reserves attributable to owners of | 98,873,037 | 89,254,550 | ||||||
| Non controlling interest | 7,101,831 | 7,363,087 | ||||||
| Total Shareholders’ Equity | 105,974,868 | 96,617,637 | ||||||
| Total Liabilities and Shareholders’ Equity | 131,483,167 | 136,936,041 | ||||||
GENIUS GROUP LIMITED AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Expressed In US Dollars)
| For the Six months ended | ||||||||
| (Unaudited) | (Unaudited) | |||||||
| Revenue | $ | 6,199,005 | $ | 2,585,564 | ||||
| Cost of revenue | (2,690,593 | ) | (1,367,536 | ) | ||||
| Gross profit | 3,508,412 | 1,218,028 | ||||||
| Operating (Expenses) Income | ||||||||
| General and administrative | (10,539,710 | ) | (10,638,567 | ) | ||||
| Depreciation and amortization | (357,282 | ) | (727,573 | ) | ||||
| Other operating income | 17,214 | 418 | ||||||
| Legal expenses | (1,247,189 | ) | (1,023,496 | ) | ||||
| Loss from foreign currency transactions | (22,933 | ) | (272,299 | ) | ||||
| Total operating expenses | (12,149,900 | ) | (12,661,517 | ) | ||||
| Loss from Operations | (8,641,488 | ) | (11,443,489 | ) | ||||
| (Expense) Income | ||||||||
| Interest expense, net | (500,962 | ) | (735,670 | ) | ||||
| Loss on sale of Digital asset | (3,138,337 | ) | (5,873,799 | ) | ||||
| Reversal of impairment loss | 3,179,313 | - | ||||||
| Other expense | (8,293 | ) | - | |||||
| Other income | 45,828 | 3,083 | ||||||
| Total Other Expense | (422,451 | ) | (6,606,386 | ) | ||||
| Loss Before Income Tax from continuing operations | (9,063,939 | ) | (18,049,875 | ) | ||||
| Income Tax (Expense) / Benefit | (544 | ) | 1,186 | |||||
| Net Loss from continuing operations | (9,064,483 | ) | (18,048,689 | ) | ||||
| Profit/(Loss) from discontinued operations, net of tax | 5,085,125 | (954,852 | ) | |||||
| Net Loss | (3,979,358 | ) | (19,003,541 | ) | ||||
| Other comprehensive income/(loss): | ||||||||
| Foreign currency translation | 942,774 | 481,899 | ||||||
| Total Comprehensive Loss | (3,036,584 | ) | (18,521,642 | ) | ||||
| Total Comprehensive Loss is attributable to: | ||||||||
| Owners of | (2,775,328 | ) | (18,492,255 | ) | ||||
| Non controlling interest | (261,256 | ) | (29,387 | ) | ||||
| Total Comprehensive Loss | (3,036,584 | ) | (18,521,642 | ) | ||||
| Weighted-average number of shares outstanding, basic and diluted | 162,675,202 | 53,195,540 | ||||||
| Basic and diluted loss per share from continuing operations | (0.06 | ) | (0.34 | ) | ||||
GENIUS GROUP LIMITED AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Expressed In US Dollars)
| For the Six months Ended | ||||||||
| (Unaudited) | (Unaudited) | |||||||
| Cash Flows from Operating Activities | ||||||||
| Net loss | $ | (3,979,358 | ) | $ | (19,003,541 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Stock-based compensation | 1,010,000 | (405,897 | ) | |||||
| Depreciation and amortization | 618,126 | 1,021,476 | ||||||
| Interest expense | 500,962 | 735,670 | ||||||
| Provision for allowance of credit loss | - | 2,080 | ||||||
| Loss on foreign exchange transactions | 22,933 | 272,299 | ||||||
| Loss on sale of Digital asset | 3,138,337 | 5,873,799 | ||||||
| Reversal of impairment loss | (3,179,313 | ) | - | |||||
| Gain on dissolution of a subsidiary | (5,495,192 | ) | - | |||||
| Non-cash share issuance | 126,210 | - | ||||||
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | 56,939 | 1,243,818 | ||||||
| Other receivable | 19,167 | (73,594 | ) | |||||
| Prepaid expenses and other current assets | 61,392 | (3,920,266 | ) | |||||
| Digital assets | 11,762,984 | 13,842,727 | ||||||
| Inventories | 471,041 | - | ||||||
| Accounts payable | 2,285,505 | 830,599 | ||||||
| Accrued expenses and other current liabilities | (887,329 | ) | (445,310 | ) | ||||
| Deferred revenue | 173,568 | (296,561 | ) | |||||
| Income tax payable | (41,828 | ) | (59,611 | ) | ||||
| Net Cash Provided by (Used in) Operating Activities | 6,664,144 | (382,312 | ) | |||||
| Cash Flows from Investing Activities | ||||||||
| Internally developed software | (78,389 | ) | (149,873 | ) | ||||
| Purchase of property, equipment and intangibles, net | (429,750 | ) | (4,499 | ) | ||||
| Investment at fair value | (7,657,625 | ) | (40,000 | ) | ||||
| (8,165,764 | ) | (194,372 | ) | |||||
| Cash Flows from Financing Activities | ||||||||
| Amount due to/from related party, net | (832,454 | ) | 341,042 | |||||
| Interest paid | (372,760 | ) | (735,670 | ) | ||||
| Proceeds from equity issuances, net | 11,322,745 | 7,311,098 | ||||||
| Repayment of borrowings, net | (8,597,662 | ) | (5,416,255 | ) | ||||
| Lease payments | (35,096 | ) | - | |||||
| Net Cash Provided by Financing Activities | 1,484,773 | 1,500,215 | ||||||
| Effect of Exchange Rate Changes on Cash | (522,366 | ) | 155,515 | |||||
| Net Increase / (Decrease) in Cash | (539,213 | ) | 1,079,046 | |||||
| Cash – Beginning of period | 2,422,988 | 1,614,933 | ||||||
| Cash – End of period | 1,883,775 | 2,693,979 | ||||||
Summary Consolidated Financial Data
| Unaudited Financials Six Months Ended (USD 000’s) | Audited Financials Year Ended (USD 000’s) | |||||||||||||||
| Summary Income Data: | 2026 | 2025 | 2025 | 2024 | ||||||||||||
| Revenue | 6,199 | 2,586 | 8,102 | 6,743 | ||||||||||||
| Cost of revenue | (2,691 | ) | (1,368 | ) | (4,346 | ) | (3,754 | ) | ||||||||
| Gross profit | 3,508 | 1,218 | 3,756 | 2,989 | ||||||||||||
| Other Operating Income | 17 | - | 258 | 24 | ||||||||||||
| Operating Expenses | (12,167 | ) | (12,661 | ) | (26,836 | ) | (20,804 | ) | ||||||||
| Operating Loss | (8,642 | ) | (11,443 | ) | (22,822 | ) | (17,791 | ) | ||||||||
| Other income | 3,226 | 3 | - | 5,032 | ||||||||||||
| Other Expense | (3,646 | ) | (6,609 | ) | (25,892 | ) | (6,822 | ) | ||||||||
| Net Loss Before Tax | (9,062 | ) | (18,049 | ) | (48,714 | ) | (19,581 | ) | ||||||||
| Tax (Expense)/Benefits | (1 | ) | 1 | (653 | ) | 2,252 | ||||||||||
| Net Loss from continuing operations | (9,063 | ) | (18,048 | ) | (49,367 | ) | (17,329 | ) | ||||||||
| (Loss)/ Profit from discontinued operations, net of tax | 5,085 | (955 | ) | (6,090 | ) | (7,611 | ) | |||||||||
| Net loss | (3,978 | ) | (19,003 | ) | (55,457 | ) | (24,940 | ) | ||||||||
| Other Comprehensive Income/(Loss) | 942 | 482 | 1,151 | (49 | ) | |||||||||||
| Total Loss | (3,036 | ) | (18,521 | ) | (54,306 | ) | (24,989 | ) | ||||||||
| Net loss per share, basic and diluted from continuing operations | (0.06 | ) | (0.34 | ) | (0.48 | ) | (0.71 | ) | ||||||||
| Weighted-average number of shares outstanding, basic and diluted | 162,675,202 | 53,195,540 | 101,452,196 | 24,153,220 | ||||||||||||
| Unaudited Financials Six Months Ended, (USD 000’s) | Audited Financials Year Ended (USD 000’s) | |||||||||||
2026 | 2025 | 2024 | ||||||||||
| Summary Balance Sheet Data: | ||||||||||||
| Total current assets | 10,099 | 23,865 | 42,419 | |||||||||
| Total non-current assets | 121,385 | 113,071 | 58,636 | |||||||||
| Total Assets | 131,484 | 136,936 | 101,055 | |||||||||
| Total current liabilities | 14,949 | 27,622 | 11,609 | |||||||||
| Total non-current liabilities | 10,560 | 12,696 | 10,036 | |||||||||
| Total Liabilities | 25,509 | 40,318 | 21,645 | |||||||||
| Total Shareholders’ Equity | 105,975 | 96,618 | 79,410 | |||||||||
| Total Liabilities and Shareholders’ Equity | 131,484 | 136,936 | 101,055 | |||||||||
Operational and Central Results
In addition to our IFRS results, we present our results split between “Operational” and “Central”. Operational comprises the Group’s operating businesses —
Summary Financial Data (Operational Metrics)
| Summary Income Data: | Operational | Central | Total | Operational | Central | Total | ||||||||||||||||||
| Revenue | 6,199 | - | 6,199 | 2,586 | - | 2,586 | ||||||||||||||||||
| Cost of revenue | (2,691 | ) | - | (2,691 | ) | (1,368 | ) | - | (1,368 | ) | ||||||||||||||
| Gross profit | 3,508 | - | 3,508 | 1,218 | - | 1,218 | ||||||||||||||||||
| Other Operating Income | 17 | - | 17 | - | - | - | ||||||||||||||||||
| Operating Expenses | (4,856 | ) | (7,311 | ) | (12,167 | ) | (2,331 | ) | (10,330 | ) | (12,661 | ) | ||||||||||||
| Operating profit (Loss) | (1,331 | ) | (7,311 | ) | (8,642 | ) | (1,113 | ) | (10,330 | ) | (11,443 | ) | ||||||||||||
| Other Income | 3,220 | 6 | 3,226 | 3 | - | 3 | ||||||||||||||||||
| Other Expense | (499 | ) | (3,147 | ) | (3,646 | ) | (735 | ) | (5,874 | ) | (6,609 | ) | ||||||||||||
| Net Income (Loss) Before Tax | 1,390 | (10,452 | ) | (9,062 | ) | (1,845 | ) | (16,204 | ) | (18,049 | ) | |||||||||||||
| Tax Expense | (1 | ) | - | (1 | ) | - | 1 | 1 | ||||||||||||||||
| Net Income (Loss) After Tax from continuing operations | 1,389 | (10,452 | ) | (9,063 | ) | (1,845 | ) | (16,203 | ) | (18,048 | ) | |||||||||||||
| (Loss)/ Profit from discontinued operations, net of tax | 5,085 | - | 5,085 | (955 | ) | - | (955 | ) | ||||||||||||||||
| Net Income (Loss) After Tax | 6,474 | (10,452 | ) | (3,978 | ) | (2,800 | ) | (16,203 | ) | (19,003 | ) | |||||||||||||
| Other Comprehensive Income/(loss) | 942 | - | 942 | 482 | - | 482 | ||||||||||||||||||
| Total Income (Loss) | 7,416 | (10,452 | ) | (3,036 | ) | (2,318 | ) | (16,203 | ) | (18,521 | ) | |||||||||||||
Non-IFRS Financial Measure
We have included Adjusted EBITDA because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business.
We calculate Adjusted EBITDA from continuing operations as net loss from continuing operations, plus income tax expense or benefit, net interest expense, depreciation and amortization, non-recurring legal expenses, impairment charges and reversals of impairment, revaluation adjustments, the loss on disposal of Bitcoin, share-based compensation expense, bad debt provisions and write-offs. Adjusted EBITDA for the financial years ended
Derived from Financial Statements
| Genius Group Unaudited Financials Six Months Ended (USD 000’s) | Group Audited Financials Year Ended (USD 000’s) | |||||||||||||||
2026 | 2025 | 2025 | 2024 | |||||||||||||
| Net Loss from continuing operations | (9,063 | ) | (18,048 | ) | (49,367 | ) | (17,329 | ) | ||||||||
| Tax Benefits | 1 | (1 | ) | 653 | (2,252 | ) | ||||||||||
| Interest Expense, net | 501 | 736 | 3,391 | 1,146 | ||||||||||||
| Depreciation and Amortization | 618 | 1,021 | 2,332 | 2,059 | ||||||||||||
| Legal expense (non-recurring) | 1,247 | 1,023 | 3,407 | 2,579 | ||||||||||||
| Addition/ (Reversal) of Impairment | (3,179 | ) | - | 16,372 | 7,647 | |||||||||||
| Revaluation adjustment | - | - | 3,641 | (3,714 | ) | |||||||||||
| Loss on disposal of bitcoin | 3,138 | 5,874 | 5,805 | - | ||||||||||||
| Stock Based Compensation | 1,010 | 3,860 | 7,574 | 4,218 | ||||||||||||
| Bad Debt Provision | - | 2 | (267 | ) | (575 | ) | ||||||||||
| Write off | 2 | - | - | - | ||||||||||||
| Adjusted EBITDA from continuing operations | (5,725 | ) | (5,533 | ) | (6,459 | ) | (6,221 | ) | ||||||||
Adjusted EBITDA (Operational Metrics)
| Operational | Central | Total | Operational | Central | Total | |||||||||||||||||||
| Net Income (Loss) from continuing operations | 1,389 | (10,452 | ) | (9,063 | ) | (1,845 | ) | (16,203 | ) | (18,048 | ) | |||||||||||||
| Tax Expense | 1 | - | 1 | - | (1 | ) | (1 | ) | ||||||||||||||||
| Interest Expense, net | 373 | 128 | 501 | 736 | - | 736 | ||||||||||||||||||
| Depreciation and Amortization | 618 | - | 618 | 1,019 | 2 | 1,021 | ||||||||||||||||||
| Reversal of impairment (due from related parties) | (3,179 | ) | - | (3,179 | ) | - | - | - | ||||||||||||||||
| Loss on Disposal of Bitcoin | - | 3,138 | 3,138 | - | 5,874 | 5,874 | ||||||||||||||||||
| One off expenses (non-recurring) | - | 1,247 | 1,247 | - | 1,023 | 1,023 | ||||||||||||||||||
| Stock Based Compensation | - | 1,010 | 1,010 | - | 3,860 | 3,860 | ||||||||||||||||||
| Write off | - | 2 | 2 | - | - | - | ||||||||||||||||||
| Bad Debt Provision | - | - | - | 2 | - | 2 | ||||||||||||||||||
| Adjusted EBITDA, from continuing operations | (798 | ) | (4,927 | ) | (5,725 | ) | (88 | ) | (5,445 | ) | (5,533 | ) | ||||||||||||
Contacts
Investors:
Investor Relations Team
Email: investor@geniusgroup.net
Source: