Globavend Holdings Limited (NASDAQ: GVH), an emerging cross-border e-commerce logistics provider, reported unaudited financial results for the six months ended March 31, 2026, with revenue increasing 8.0% year over year to US$14.8 million, driven by higher shipment volumes across its integrated cross-border logistics and air freight forwarding businesses. The company ended the period with approximately US$7.1 million in cash and cash equivalents, US$9.1 million in working capital and US$10.4 million in shareholders’ equity, underscoring a strong liquidity position despite higher freight costs and operating expenses during the period.
Management noted that the reported results reflect only the company’s logistics operations through March 31, 2026, and do not include strategic initiatives completed afterward, including the previously announced acquisition of a majority interest in Loomi Entertainment Group Limited. Looking ahead, Globavend said it remains focused on strengthening its core logistics business while prudently pursuing strategic opportunities to diversify its long-term revenue base and enhance shareholder value. The company is an emerging e-commerce logistics provider and AI-powered digital entertainment company, offering integrated cross-border logistics solutions across Hong Kong, Australia, New Zealand and mainland China, and developing generative AI-assisted cinematic production workflows through its proprietary AI technologies.
For more information, visit the company's website at https://globavend.com/ and view the full press release at https://ibn.fm/9IW6G.
