Minehub Technologies (MHUB) Q1 2026 earnings summary

Executive summary

• Report covers three months ended April 30, 2025, with unaudited interim financials prepared by management.

• Company continues to operate as a going concern but faces material uncertainty due to ongoing losses and reliance on future financing.

Financial highlights

• Revenue was $362,022, down from $775,745 compared to the same quarter last year.

• Net loss increased to $1,796,067 from $1,278,183 year-over-year.

• Gross margin was $85,177, a significant decrease from $466,244 year-over-year.

• Cash at period end was $359,080, down from $1,337,379 at April 30, 2024.

• Operating expenses totaled $1,668,055, slightly down from $1,709,912 year-over-year.

Outlook and guidance

• Management intends to finance operations over the next twelve months with cash on hand, director loans, and/or private placements.

• There is a risk that additional financing may not be available on acceptable terms or in a timely manner.