Globavend Holdings Limited (NASDAQ: GVH), an emerging cross-border e-commerce logistics provider and AI-powered digital entertainment company, announced its unaudited financial results for the six months ended March 31, 2026. The company reported revenue of US$14.8 million, an 8.0% increase year over year, driven by higher shipment volumes across its integrated cross-border logistics and air freight forwarding businesses. The results underscore the company's ability to grow its core logistics operations despite a challenging environment characterized by higher freight costs and operating expenses.
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. This strong liquidity position provides a solid foundation for future growth initiatives. Management emphasized that these results reflect only the logistics operations through March 31, 2026, and do not include strategic initiatives completed after the period, including the previously announced acquisition of a majority interest in Loomi Entertainment Group Limited, which expands Globavend's presence into AI-powered digital entertainment.
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 operates an integrated cross-border logistics network spanning Hong Kong, Australia, New Zealand, and mainland China, and is now building an AI-driven digital entertainment ecosystem through its Loomi: Short Drama streaming platform and Imaginary AI-powered production platform.
For more information about the company and its recent acquisition, visit the full press release at https://ibn.fm/9IW6G.
