15. DISCONTINUED OPERATIONS
On September 25, 2025, the Group terminated the
VIE Agreements and ceased to consolidate Jiangsu EZGO and its subsidiaries. The disposal and related discontinued operations presentation
were disclosed in the Group’s audited consolidated financial statements included in its Annual Report on Form 20-F for the year
ended September 30, 2025.
During the six months ended March 31, 2026, the
Group did not have any revenues, expenses, cash flows, assets or liabilities related to the discontinued operations, and no material developments
occurred with respect to the discontinued operations. The comparative results of discontinued operations for the six months ended March
31, 2025 are presented separately in the unaudited interim condensed consolidated statements of operations and cash flows.
| | |
Six Months Ended
March 31, | |
| | |
2025 | | |
2026 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Net revenues | |
$ | 752,748 | | |
$ | - | |
| Cost of revenues | |
| (736,438 | ) | |
| - | |
| Gross (loss) profit | |
| 16,310 | | |
| - | |
| | |
| | | |
| | |
| Operating expenses: | |
| | | |
| | |
| Selling and marketing | |
| (84,274 | ) | |
| - | |
| General and administrative | |
| (111,527 | ) | |
| - | |
| Total operating expenses | |
| (195,801 | ) | |
| - | |
| | |
| | | |
| | |
| Loss from discontinued operations | |
| (179,491 | ) | |
| - | |
| | |
| | | |
| | |
| Other income (expenses): | |
| | | |
| | |
| Interest expenses | |
| (12,969 | ) | |
| - | |
| Interest income | |
| 12,261 | | |
| - | |
| Non-operating income, net | |
| 14,573 | | |
| - | |
| Total other income, net from discontinued operations | |
| 13,865 | | |
| - | |
| | |
| | | |
| | |
| Loss from discontinued operations before income taxes and share of loss of equity method investments | |
| (165,626 | ) | |
| - | |
| Income tax expenses | |
| - | | |
| - | |
| Share of loss of equity method investments | |
| (63,152 | ) | |
| - | |
| Net loss from discontinued operations | |
| (228,778 | ) | |
| - | |
| Less: Net loss attributable to non-controlling interests from discontinued operations | |
| (52,296 | ) | |
| - | |
| Net loss attributable to EZGO Technologies Ltd.’s shareholders from discontinued operation | |
$ | (176,482 | ) | |
$ | - | |
| | |
Six Months Ended
March 31, | |
| | |
2025 | | |
2026 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| Net cash provided by operating activities from discontinued operations | |
$ | 750,707 | | |
$ | - | |
| Net cash provided by investing activities from discontinued operations | |
| 203,511 | | |
| - | |
| Net cash provided by financing activities from discontinued operation | |
| 36,428 | | |
| - | |
|