Exhibit 99.2

 

Genius Group Limited Reports Unaudited Financial Results for H1 2026

 

●140% increase in revenue from continuing operations of $6.2 million, compared to $2.6 million in the first half of 2025. The increase was driven by $2.1 million of Resorts revenue following the acquisitions completed in July 2025 and growth in School revenue to $2.3 million from $0.4 million. Academy revenue was $1.7 million.

 

●188% increase in gross profit to $3.5 million from $1.2 million, driven by a focus on higher margin education programs with gross margin improving to 56.6% from 47.1%.

 

●A decrease in operating expenses to $12.1 million, compared to $12.7 million in the first half of 2025. The decrease was primarily driven by a $2.8 million reduction in stock-based compensation together with lower depreciation and amortization and lower foreign exchange losses, and a reduction in underlying general and administrative costs.

 

● A reversal in operational performance to $6.4 million net profit from operations, compared to $2.8 million net loss from operations in the first half of 2025.

 

● 35% reduction in net loss from treasury and central costs to $10.5 million from $16.2 million in the first half of 2025, after taking into account one-off costs including a $3.1 million charge from the reduction in its Bitcoin Treasury and $1.2 million in non-recurring expenses.

 

● 79% reduction in total net loss to $4.0 million, compared to $19 million in the first half of 2025.

 

●Basic and diluted loss per share of $(0.06), based on 162.6 million weighted-average shares outstanding, compared to a loss per share of $(0.34) on 53.2 million weighted-average shares in the first half of 2025 on a continuing basis.

 

●Cash and cash equivalents of $1.9 million as of June 30, 2026, compared to $2.4 million as of December 31, 2025. The decrease reflects $8.2 million used in investing activities: principally a $7.7 million investment in a senior secured convertible note in Jewel Bank which was partly offset by $6.7 million generated from operating activities and $1.5 million from financing activities (primarily $11.3 million of share issuance proceeds, net of $8.6 million of debt repayment).

 

●Total current assets of $10.10 million, compared to $23.9 million as of December 31, 2025 due to the disposal of the Group’s digital assets, the proceeds of which were applied to repay the associated Bitcoin-backed loan and the Group’s remaining third-party debt.

 

●Total assets of $131.5 million, compared to $136.9 million as of December 31, 2025, with total liabilities reduced by 37% to $25.5 million from $40.3 million.

 

●Net assets of $105.97 million as of June 30, 2026, compared to $96.62 million as of December 31, 2025, representing a 10% increase, and resulting in Net Asset Value per Share (NAVPS) of $0.61 per share.

 

The unaudited condensed consolidated financial statements set out below have been prepared using the recognition and measurement principles applied in the Company’s most recent audited annual financial statements and do not include the notes required for a complete set of financial statements. They have been reviewed by the Company’s auditor and have not been audited.

 

SINGAPORE, September 28, 2026 (GLOBE NEWSWIRE) - Genius Group Limited (NYSE American: GNS), a leading AI-powered education group, today announced its unaudited financial results for the six months ended June 30, 2026.

 

 
 

 

Key Business Metrics

 

We monitor the key business metrics and non-IFRS financial measures set forth below to help us evaluate our business and growth trends, set growth targets and budgets, and measure the effectiveness of our sales and marketing efforts. These key business metrics and non-IFRS financial measures are presented for supplemental informational purposes only, are not a substitute for IFRS financial measures, and may differ from similarly titled metrics or measures presented by other companies. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Key Business Metrics and Non-IFRS Financial Measures” for detailed descriptions of the measures and metrics shown below.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Overview

 

We deliver AI-powered education and acceleration solutions for the future of work, serving 6 million users in over 100 countries through our Genius City model and our online marketplace of AI training, AI tools and AI talent. Our mission is to disrupt the current education model with a personalized, student-centered, AI-powered lifelong learning curriculum that prepares our global community with the leadership, entrepreneurial and life skills to succeed in today’s market.

 

Our financial growth model is based on a combination of three main factors:

 

  1. Growth of our Bitcoin Treasury and net assets, through the acquisition and custody of Bitcoin, which we believe will deliver long term value preservation to our shareholders.
     
  2. Growth of our Edtech platforms GeniusU and GeniusGroup.AI, with its digital curriculum and global student base, via wholly owned curriculum, hosting partners, and their content.
     
  3. Growth of our Genius City model, delivering a full lifelong learning curriculum in physical learning communities, from early learning to primary, secondary and adult learning.

 

To provide an accurate discussion and analysis of financial condition and results of operations, the financial information discussed below is presented for the Group on the following basis:

 

  ⮚ Financials for the Group: unaudited condensed consolidated financial statements for the six months ended June 30, 2026 and June 30, 2025, together with audited consolidated financial statements for the financial years ended December 31, 2025 and 2024. The Group comprises Genius Group Limited, GeniusU Ltd (launched October 2019), Property Investors Network (acquired April 2022), Education Angels (acquired April 2022), University of Antelope Valley (acquired July 2022), Entrepreneur Resorts Pte Ltd (acquired July 2025), Tau Game Lodge (acquired July 2025), Matla Game Lodge (acquired July 2025), Vision Villa (acquired July 2025), Genius Cafe (acquired July 2025) and ProEd Global School (acquired November 2025). Revealed Films, previously included in the Group, closed on May 13, 2026 and its results are reported within discontinued operations for the period. E-Squared Education Enterprises (“ESQ”) ceased all operations in December 2024 and is subject to liquidation proceedings in South Africa; ESQ was de-recognized from the consolidated balance sheet as of the financial year ended December 31, 2025, with prior-period results classified within discontinued operations.

 

 
 

 

Results of Operations

 

Period Ended June 30, 2026, Compared to Period Ended June 30, 2025

 

The below discussion and analysis are for the unaudited financials of June 30, 2026 compared to June 30, 2025. For simplicity, any reference to the first half of 2026 is with reference to the 6 months financials as of and for the period ended June 30, 2026, and any reference to the first half of 2025 is with reference to the 6 months financials as of and for the period ended June 30, 2025.

 

Revenue: Our Group revenues from continuing operations increased from $2.6 million in first half of 2025 to $6.2 million in the first half of 2026, representing a 140% year-on-year increase. The increase was primarily driven by $2.1 million of Resorts Revenue following the acquisition of Entrepreneur Resorts Pte Ltd (ERPL), Tau Game Lodge, Matla Game Lodge, Vision Villa Resort and Genius Cafe, and growth in School Revenue to $2.3 million from $0.4 million in the prior-year period due to acquisition of ProEd, partly offset by a decrease in Academy Revenue to $1.7 million from $2.2 million. Revenue and results of Revealed Films, which was closed during the period, are presented within discontinued operations and are excluded from continuing-operations revenue above for both periods.

 

Our three main revenue segments are Academy Revenue, School Revenue, and Resorts Revenue. Academy Revenue and School Revenue together represent the Group’s education-related revenue, delivered through GeniusU and the Group’s school entities. Resorts Revenue consists of revenue generated from the Group’s locations through accommodation, food and beverage charges, and reflects the acquisition of Tau Game Lodge, Matla Game Lodge, Genius Cafe and Vision Villa completed at the end of July 2025. The following table shows the breakdown of this revenue into segments for Genius Group, on unaudited basis:

 

  

Group Unaudited Financials Six Months Ended (USD 000’s)

  

Group Audited Financials

Year Ended (USD 000’s)

 
   June 30,
2026
   June 30,
2025
   December 31,
2025
   December 31,
2024
 
Academy Revenue   1,736    2,185         4,445         4,543 
School Revenue   2,336    401    1,459    2,200 
Resorts Revenue   2,127    -    2,198    - 
Revenue from continuing operations   6,199    2,586    8,102    6,743 
Discontinued Operations Revenue   269    131    285    1,170 
Total Revenue   6,468    2,717    8,387    7,913 

 

Cost of Revenue: The Group’s cost of revenue from continuing operations was $2.7 million in the first half of 2026, giving gross profit of $3.5 million and a gross margin of 56.6%, compared to cost of revenue of $1.4 million, gross profit of $1.2 million and a gross margin of 47.1% in the first half of 2025. The improvement in gross margin was primarily driven by the addition of higher-margin Resorts and School revenue following the Group’s 2025 acquisitions.

 

Operating Expenses: The Group had operating expenses from continuing operations of $12.1 million in the first half of 2026, compared to $12.7 million in the first half of 2025, a 4% decrease. The decrease reflects lower depreciation and amortization of $0.4 million and lower foreign exchange losses, together with a reduction in underlying general and administrative costs despite absorbing a full six months of general and administrative costs from the entities acquired in the second half of 2025, partly offset by a $0.2 million increase in legal expenses. Staff costs, development costs, marketing, rental, legal and general expenses remain the primary components of the Group’s operating expenses.

 

During the six months ended June 30, 2026, the Group recognized a reversal of impairment of $3,179,313 in respect of amounts due from related parties that had been impaired in prior periods. The Group will reassess the recoverability of these balances as of December 31, 2026 in connection with the annual audit, and the amount ultimately recognized may differ from the amount recorded in this interim period.

 

Non-IFRS Financial Measure — Adjusted EBITDA: 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 December 31, 2025 and December 31, 2024 has been recalculated on the same continuing-operations basis and therefore differs from the amounts previously reported. The difference arises solely from the change in presentation, under which the results of divisions now reported within discontinued operations are excluded from Adjusted EBITDA in all periods presented; the amounts previously reported in the Company’s Annual Report on Form 20-F were calculated on a total-operations basis and are therefore not directly comparable.

 

 
 

 

Derived from Financial Statements

 

  

Genius Group Unaudited Financials
Six Months Ended (USD 000’s)

  

Group Audited Financials

Year Ended (USD 000’s)

 
  

June 30,

2026

  

June 30,

2025

  

December 31,

2025

  

December 31,

2024

 
Net Income/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)

 

   June 30, 2026   June 30, 2025 
   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)

 

The Group recorded negative Adjusted EBITDA of $(5.73) million in the first half of 2026, compared to negative $(5.53) million in the first half of 2025, broadly in line year on year. The reconciliation excludes the reversal of a related-party impairment, which drove much of the reduction in net loss, while adding back the loss on disposal of digital assets and the period’s one-off items, including $1.2 million of legal expense and $1.0 million of stock-based compensation.

 

Cash and Cash Equivalents: The Group held $1.9 million in cash and cash equivalents as of June 30, 2026, compared to $2.4 million as of December 31, 2025. Operating activities generated $6.7 million of cash in the period, principally from the realization of the Group’s digital assets, and financing activities generated $1.5 million; these inflows were more than offset by $8.2 million used in investing activities, mainly the purchase of investments at fair value, and $0.5 million of adverse exchange rate movements.

 

Current Assets: The Group’s current assets reduced from $23.87 million as of December 31, 2025 to $10.10 million as of June 30, 2026, with a current ratio of 0.68 compared to 0.86 as of December 31, 2025. The primary reason for the decrease was the disposal of the Group’s digital assets during the period, which fell from $14.9 million to nil.

 

Non-Current Assets: The Group’s non-current assets increased from $113.07 million as of December 31, 2025 to $121.39 million as of June 30, 2026, primarily due to an $8.6 million increase in investments at fair value.

 

 
 

 

Current Liabilities: The Group’s current liabilities decreased from $27.62 million as of December 31, 2025 to $14.91 million as of June 30, 2026, primarily due to the repayment of current loans payable, including the Bitcoin-backed loan, and the settlement of related-party balances during the period.

 

Non-Current Liabilities: The Group’s non-current liabilities decreased from $12.70 million as of December 31, 2025 to $10.56 million as of June 30, 2026, due to a combination of loan repayments during the period and a movement in the Group’s deferred tax position.

 

Shareholders’ Equity: The Group’s shareholders’ equity increased from $96.62 million as of December 31, 2025 to $105.97 million as of June 30, 2026. The increase was driven by approximately $12.4 million of share capital issued during the period, comprising the ATM offering, the American Ventures share issuance, shares issued for the Jewel Bank convertible note, shares issued in satisfaction of a liability and employee shares, net of share buybacks, together with a $0.9 million favourable foreign currency translation movement, partly offset by the Group’s net loss of $4.0 million for the period.

 

Liquidity and Capital Resources

 

Our principal sources of liquidity are our cash and cash equivalents, short-term investments and cash generated from operations. Cash and cash equivalents and short-term investments consist mostly of cash on deposit with banks. As of June 30, 2026 we held cash and cash equivalents of $1.89 million at various financial institutions, compared to $2.42 million as of December 31, 2025.

 

Investments at Fair Value:

 

During Q2, the Company entered into an agreement to acquire a senior secured convertible note, convertible at the Company’s election into 9.9% equity in Jewel Bank. The Company has determined that cost represents the most appropriate estimate of fair value as of June 30, 2026, in accordance with IFRS 9. The Company will reassess this estimate at each reporting date and will remeasure the investment at fair value once sufficient information becomes available.

 

The Company’s investment in Entrepreneur Resorts Limited (“ERL”) is carried at fair value of $1,381,666 as of June 30, 2026. As no new information or transactions have occurred since December 31, 2025 that would indicate a change in value, the Company has determined that the fair value as of December 31, 2025 remains the best available estimate as of June 30, 2026. Fair value will be reassessed at the next reporting period or upon the occurrence of an event providing evidence of a change in value.

 

Going Concern

 

Pursuant to IAS 1, Presentation of Financial Statements, the Company is required to evaluate, at each annual and interim reporting date, whether conditions or events, considered in the aggregate, raise substantial doubt about its ability to continue as a going concern within one year after the date on which the financial statements are issued. The Group incurred net loss of US$3.98 million and generated cash flows from operations of US$6.66 million during the period ended June 30, 2026. As of June 30, 2026 the Group’s current liabilities of $14.91 million exceeded its current assets of $10.10 million, and the Group had accumulated losses of US$141.68 million. On that basis, management has determined that, without additional capital being raised in the next twelve months, there is substantial doubt about the Company’s ability to continue as a going concern.

 

The Company’s unaudited consolidated financial statements as of June 30, 2026 have been prepared on a going concern basis. Although the Company has taken, and plans to continue to take, proactive measures to strengthen its liquidity position and provide additional financial flexibility, including the capital plan announced on August 27, 2026 and discussions with lenders and bankers, there can be no assurance that these measures, including their timing and terms, will be successful or sufficient.

 

Subsequent events

 

Subsequent to June 2026, the Company has issued 9,905,782 ordinary shares for the consideration of $1.65 million for the utilization of At The Market Offering.

 

Subsequent to June 30, 2026, on September 25, 2026 the Company delivered a notice of acceleration to Jewel Bank under its Senior Secured Convertible Note, citing certain breaches of the Note and related agreements. The parties are in communication regarding the various matters and the outcome cannot be determined at this time.

 

Subsequent to June 2026, the record date of July 31, 2026 was set for the second round of the Company’s Share Loyalty Bonus Program, under which a cash bonus of $0.10 per qualifying share is payable to shareholders holding shares in book entry through January 30, 2027.

 

Subsequent to June 2026, the Company announced a five-year capital plan under its $1.2 billion shelf registration, to be funded through the issuance of a publicly registered Perpetual Preferred Security with an initial offering targeted at $12.5 million.

 

Two developments in the Company’s legal proceedings occurred after the end of the period:

 

  ● By summary order dated August 31, 2026, the U.S. Court of Appeals for the Second Circuit vacated the preliminary injunction entered by the U.S. District Court for the Southern District of New York on March 13, 2025, which had restrained the Company from issuing shares, raising capital and purchasing Bitcoin, and remanded the matter to the district court for further proceedings.

 

  ● The Company received a final ICC arbitration award in its favor entitling it to the return of 7,387,374 ordinary shares, monetary damages of $6,595,180 and legal fees and expenses of $1,375,988.53, a total of $7,971,168.53. No asset has been recognized in respect of the award in the financial statements for the six months ended June 30, 2026.

 

 
 

 

GENIUS GROUP LIMITED AND ITS SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

 

(Expressed in US Dollars)

 

  

As of

June 30, 2026

   As of
December 31, 2025
 
   (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 
Goodwill   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 
Treasury shares   (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 Genius Group Ltd   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 6 months period ended June 30, 2026

  

For the 6 months period ended June 30, 2025

 
   (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 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 Genius Group Ltd    (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 CHANGES IN SHAREHOLDERS’ EQUITY

(Expressed In US dollars)

 

  

Contributed

Capital

  

Non-

controlling

Interest

  

Foreign

Currency

   Reserves  

Accumulated

Deficit

  

Total

Equity

 
                         
Balance, January 1, 2025   166,301,870    5,631,729    (110,313)   (8,398,000)   (84,014,856)   79,410,430 
                               
Net loss   —    (29,387)   —    —    (18,974,154)   (19,003,541)
Foreign currency translation adjustments   —    —    481,899    —    —    481,899 
Genius Group- ATM shares   6,576,331    —    —    —    —    6,576,331 
CEO purchase of shares   336,000    —    —    —    —    336,000 
Acquisition of Assets of XD Academy   40,000    —    —    —    —    40,000 
Share based compensation   (405,897)   —    —    —    —    (405,897)
H1 2025 Share Plan   398,792    —    —    —    —    398,792 
Balance, June 30, 2025   173,247,096    5,602,342    371,586    (8,398,000)   (102,989,010)   67,834,014 

 

  

Contributed

Capital

  

Treasury

Shares

  

Non-

controlling

Interest

  

Foreign

Currency

    Reserves  

Accumulated

Deficit

  

Total

Equity

 
                             
Balance, January 1, 2026   238,695,979    (4,346,764)   7,363,087    1,041,958    (8,173,570)   (137,963,053)   96,617,637 
                                    
Net loss   —    —    (261,256)   —    —    (3,718,102)   (3,979,358)
Foreign currency translation adjustments   —    —    —     942,774     —    —     942,774  
Genius Group – ATM shares   3,735,505    —    —    —    —    —    3,735,505 
Shares buyback   (58,325)   —    —    —    —    —    (58,325)
American Ventures – share issuance   7,209,999    —    —    —    —    —    7,209,999 
Employee shares   435,566    —    —    —    —    —    435,566 
Share issuance for Jewel Investment   944,860    —    —    —    —    —    944,860 
Share issuance in satisfaction of liability   126,210    —    —    —    —    —    126,210 
Balance, June 30, 2026   251,089,794    (4,346,764)   7,101,831     1,984,732     (8,173,570)   (141,681,155)   105,974,868 

 

 
 

 

GENIUS GROUP LIMITED AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed In US Dollars)

 

   For the Six months Ended 
   June 30, 2026   June 30, 2025 
   (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 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)
Net Cash Used in Investing Activities   (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: 

June 30,

2026

  

June 30,

2025

  

December 31,

2025

  

December 31,

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)

 
  

June 30,

2026

  

December 31,

2025

  

December 31,

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 — Genius School, Genius Academy and Genius Resorts, together with the entities that support them — and includes all of the Group’s revenue and cost of revenue and the operating expenses of those businesses. Central comprises the holding company: group head office and corporate costs, financing costs, and the Group’s treasury activities, including its digital asset holdings. Each line of the Operational and Central columns sums to the corresponding line of the consolidated statement of operations, and the Total column agrees to that statement in every period presented.

 

Summary Financial Data (Operational Metrics)

 

   June 30, 2026   June 30, 2025 
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)