{"success":true,"data":{"pressRelease":{"id":"74578","rtpr_id":"nGNX2hTtWT","ticker":"HPAI","exchange":"NASDAQ","all_tickers":["HPAI","HPAIW"],"title":"Helport AI Reports First Half Fiscal Year 2026 Financial Results","author":"Globe Newswire","published_at":"2026-06-26T20:30:00.475Z","article_body":"First Half Fiscal Year 2026 Revenue up 7.7% to $17.7 Million Period over\nPeriod\n\nAccelerating Enterprise AI Adoption Fuels Market Expansion, Unlocking New\nOpportunities in AI-Powered Customer Engagement\n\nSAN DIEGO and SINGAPORE, June 26, 2026 (GLOBE NEWSWIRE) -- Helport AI Limited\n(NASDAQ: HPAI) (“Helport AI” or the “Company”), a global artificial\nintelligence (“AI”) workforce infrastructure company providing intelligent\ncommunication software and services to enterprise clients, today announced its\nunaudited financial results for the six months ended December 31, 2025.\n\nFirst Half Fiscal Year 2026 Highlights  \n* Average monthly subscribed users of AI Assist services were 37,908 for the\nsix months ended December 31, 2025, representing an increase of 16.8% from\n32,468 in the same period of 2024.\n\n\n* Revenue for the six months ended December 31, 2025, was $17.7 million,\nrepresenting an increase of 7.7% from $16.4 million in the six months ended\nDecember 31, 2024, driven by increased enterprise adoption of AI-driven\nsolutions.\n\n\n* Gross profit remained stable at $9.1 million for the six months ended\nDecember 31, 2025, compared to $9.0 million for the six months ended December\n31, 2024.\n\n\n* Net loss was $1.7 million for the six months ended December 31, 2025,\ncompared to net income of $1.1 million in the six months ended December 31,\n2024, primarily as a result of increased investments in research and\ndevelopment (“R&D”) and higher credit losses on accounts receivable.\n\n\n* Net cash provided by operating activities was $5.0 million and $3.9 million\nfor the six months ended December 31, 2025 and 2024, respectively, supporting\nbusiness expansion and strategic initiatives.\n\n\n* As of December 31, 2025, there were 37,430,968 ordinary shares and\n18,844,987 warrants of the Company issued and outstanding.\nSubsequent Developments\n* In January 2026, the Company officially launched HyprX, a “digital twin”\nsoftware engine designed to replicate human expertise, communication styles,\nand decision-making logic for enterprise sales, training, customer engagement,\nand professional advisory applications. During the Company’s March 2026\n“Rise of AI Labor” event in the Philippines, Helport AI demonstrated\nTwinX, which enables a single human expert to supervise multiple AI agents\nsimultaneously.\n\n\n* Conducted the Company’s annual global strategy conference in Thailand in\nFebruary 2026, where management reaffirmed its long-term strategy of\ndelivering enterprise-grade artificial intelligence solutions focused on\nmeasurable business outcomes. The Company highlighted continued progress\nacross its AI+BPO, TwinX, and HyprX product lines, as well as expansion into\nindustry verticals including insurance, consumer finance, public services,\nrecruitment, and intelligent consumer products.\n\n\n* Expanded the Company’s global multilingual delivery infrastructure with\noperational hubs now established in the Philippines, Mexico, Thailand, and\nIndonesia. The Company believes this network strengthens its ability to\nprovide localized, AI-enabled customer engagement and operational support\nservices across English-, Spanish-, Thai-, and Bahasa-language markets.\n\n\n* Hosted the “Rise of AI Labor” enterprise partner event in the\nPhilippines in March 2026, showcasing the Company’s AI+BPO, TwinX, and HyprX\nsolutions to enterprise customers, business process outsourcing (“BPO”)\npartners, and technology leaders. The event highlighted the Company’s\n“Results-Oriented& Value-Sharing” operating model, which combines AI\ntechnology with operational delivery infrastructure to support enterprise\nadoption and measurable business outcomes.\n\n\n* Entered new verticals including e-commerce and logistics, as well as\nconnected devices and intelligent consumer products. The Company continued\ndeploying industry-specific AI solutions tailored for enterprise customer\nworkflows and operational requirements. Commercial deployments across mortgage\nlenders and consumer financing companies continued to advance and strengthen\nthe Company’s foothold in Southeast Asia and North America.\n\n\n* Entered into a strategic partnership with QuickCEP, a conversational AI and\ncustomer engagement platform, in April 2026 to jointly develop a fully managed\nAI agent solution for global brands and cross-border e-commerce enterprises.\nThe partnership combines Helport AI’s proprietary “AI Labor System”\ninfrastructure with QuickCEP’s omni-channel AI customer service SaaS\nplatform to deliver end-to-end AI workforce solutions. Initial enterprise\ncustomers have already been onboarded, and the Company expects the partnership\nto support accelerated enterprise adoption and revenue generation beginning in\nfiscal year 2027.\n\n\n* Advanced commercialization of the Company’s AI+BPO operating model by\nintegrating AI-driven workflow automation with localized operational delivery\nteams across Southeast Asia and Latin America. The Company believes this\napproach supports customer onboarding, accelerates proof-of-concept\ndeployments, and facilitates enterprise adoption across multiple industries.\n\n\n* Increased strategic focus on deploying the Company’s “AI Labor System”\ninfrastructure platform, designed to deliver AI workforce solutions for\nenterprise customers. Management believes this platform approach, which\ncombines enterprise knowledge, AI-driven workflow execution, and\nperformance-based monetization models, will support long-term revenue growth\nand operational efficiency.\n\n\n* Executed a commercial agreement with Hong Kong Start Nine Technology Co.,\nLimited in April 2026 for the deployment of the Company’s HyprX solution,\nwith commercial revenue generation beginning in May 2026.\n\n\n* Began generating revenue in May 2026 from a commercial agreement with Dreame\nTechnology Co., Ltd., a consumer electronics company, following the execution\nof a commercial agreement. The Company provides overseas contact center agent\nservices and AI technical services to Dreame.\n\n\n* Commercially launched HyprX for Hardware in June 2026, expanding the\nCompany’s AI Labor platform with a QR-code-based AI agent solution for\nconsumer hardware manufacturers.\nOutlook for Second Half Fiscal Year 2026 & Beyond:\n* Revenue Growth & Commercialization: The Company expects continued revenue\ngrowth driven by increasing enterprise adoption of its “AI Labor System”\ninfrastructure platform and AI+BPO solutions across core industry verticals,\nincluding insurance, mortgage services, consumer finance, e-commerce, and\ncustomer engagement operations. Management remains focused on converting pilot\nprograms and proof-of-concept deployments into long-term commercial customer\nrelationships, particularly across North America and Southeast Asia.\n\n\n* Enterprise AI Workforce Infrastructure: Following the launch of HyprX and\nTwinX, the Company intends to expand commercialization of its “AI Labor\nSystem” infrastructure platform. Management believes enterprise demand is\nincreasingly shifting toward AI solutions capable of delivering measurable\noperational results rather than standalone software tools.\n\n\n* Strategic Partnerships & Ecosystem Expansion: The Company expects strategic\npartnerships, including its recently announced collaboration with QuickCEP, to\nsupport customer acquisition and expansion into cross-border e-commerce and\nglobal brand markets. Management plans to continue pursuing enterprise\npartnerships and channel relationships designed to accelerate deployment scale\nand broaden market reach.\n\n\n* Global Operations & Multilingual Expansion: The Company plans to further\nexpand its multilingual global delivery network across Southeast Asia and the\nAmericas, supporting enterprise customers through localized language\ncapabilities, compliance frameworks, and operational infrastructure.\nManagement believes this regional expansion strategy supports its ability to\nserve global customers seeking AI-enabled customer communication solutions.\n\n\n* Product Innovation & AI Development: The Company expects to continue\ninvesting in AI research and development, including industry-specific\nknowledge bases, multilingual automation, AI-driven workflow management,\ndigital twin technologies, and autonomous AI agent systems. Management\nbelieves continued product innovation will support the Company’s market\nposition across enterprise customer engagement and operational support\nmarkets.\n\n\n* Operational Efficiency & Margin Improvement: Management remains focused on\nimproving operational efficiency and optimizing cloud infrastructure, AI\ntraining costs, and deployment workflows. The Company expects these\ninitiatives to support long-term operational efficiency and improve unit\neconomics as customer deployments and AI-enabled service volumes expand.\nManagement Commentary\n\n“The first half of fiscal year 2026 marked a transition period for Helport\nAI as we continued evolving from a traditional AI software provider toward an\nAI workforce infrastructure platform,” said Guanghai Li, Chief Executive\nOfficer of Helport AI. “During the period, we achieved revenue growth of\n7.7% to $17.7 million while expanding our enterprise customer deployments,\nglobal operational footprint, and AI product capabilities. Average monthly\nsubscribed seats increased to 37,908, representing an increase of 16.8%\nperiod-over-period as customers continued adopting our AI-powered solutions\nacross customer engagement, financial services, business process outsourcing,\nand enterprise communication workflows.”\n\n“While profitability was impacted by increased investments in research and\ndevelopment, cloud infrastructure, and international expansion, we believe\nthese investments support the Company’s long-term growth objectives. We\ncontinued scaling our AI+BPO operating model, expanded our multilingual\ndelivery network across Southeast Asia and Latin America, and opened new\noperational hubs in Thailand, Mexico, and Indonesia to support increasing\nenterprise demand for localized AI-enabled service delivery.”\n\n“Operationally, we continued advancing commercialization of our core product\nsuite, including unveiling TwinX and HyprX, core product offerings that we\nbelieve will be important in driving future growth and improved margins. We\nare also increasingly focused on developing what we refer to as our ‘AI\nLabor System’ infrastructure platform. We believe the enterprise AI market\nis moving beyond standalone software tools toward AI solutions capable of\ndelivering measurable operational and financial results. Our strategy is\ndesigned to help enterprises deploy AI workforce capacity using proprietary\nknowledge bases, multilingual operational infrastructure, and\nperformance-based delivery models aligned with customer outcomes.”\n\n“Strategic partnerships remain an important part of our growth strategy.\nDuring the period, we announced our partnership with QuickCEP to jointly\ndevelop fully managed AI agent solutions for global brands and cross-border\ne-commerce enterprises. We believe this partnership strengthens our position\nwithin the rapidly evolving AI-powered customer engagement market and supports\nfuture enterprise customer acquisition opportunities.”\n\n“Looking ahead to the second half of fiscal year 2026, we remain focused on\nexpanding enterprise adoption, converting new accounts into stable recurring\nrevenue, and scaling our TwinX and HyprX products across North America and\nSoutheast Asia. We also intend to continue investing in product innovation,\ndeployment automation, multilingual AI capabilities, and operational\ninfrastructure to improve scalability and support long-term margin\nexpansion.”\n\n“We believe our combination of AI labor, operational delivery\ninfrastructure, and outcome-oriented monetization models enables Helport AI to\naddress growing enterprise demand for AI adoption. Our objective remains\nbuilding AI workforce infrastructure capable of delivering measurable value to\nenterprise customers while driving sustainable long-term growth for\nshareholders,” concluded Li.\n\nFinancial Review for the Six Months Ended December 31, 2025 and 2024\n\nRevenue\n\nOur revenue increased by approximately US$1.3 million, or 7.7%, from US$16.4\nmillion for the six months ended December 31, 2024 to US$17.7 million for the\nsix months ended December 31, 2025.\n\nRevenue from AI service increased by approximately US$0.6 million, or 3.9%,\nfrom US$16.4 million for the six months ended December 31, 2024 to US$17.0\nmillion for the six months ended December 31, 2025. The increase was primarily\nattributable to growth in our user base, as average monthly subscribed users\nincreased by 16.8% to 37,908 for the six months ended December 31, 2025,\ncompared to 32,468 in the corresponding period of 2024.\n\nSince January 2025, we further expanded our service portfolio with the launch\nof our AI+BPO service, and for the six months ended December 31, 2025, revenue\ngenerated from AI+BPO service was US$0.6 million.\n\nCost of revenue\n\nOur cost of revenue increased by approximately US$1.2 million, or 15.4%, from\nUS$7.4 million for the six months ended December 31, 2024 to US$8.6 million\nfor the six months ended December 31, 2025.\n\nCost of revenue related to AI services increased by approximately US$0.8\nmillion, or 9.5%, from US$7.4 million for the six months ended December 31,\n2024 to US$8.2 million for the six months ended December 31, 2025. The\nincrease in cost of revenue outpaced revenue growth primarily due to increased\namortization of capitalized software development costs. The higher\namortization expense reflects our ongoing investments in software development\nto expand platform capabilities, support industry-specific application\nscenarios, and facilitate entry into new geographic markets. These investments\nsupport the development of tailored solutions for industries such as\ninsurance, mortgage sales, and consumer financing, as well as the localization\nof our platform for markets including North America and Southeast Asia.\n\nCost of revenue related to AI+BPO services was US$0.4 million and nil for the\nsix months ended December 31, 2025 and 2024, respectively.\n\nGross profit and margin\n\nWe recorded a gross profit of US$9.1 million and US$9.0 million for the six\nmonths ended December 31, 2025 and 2024, respectively. The reduction in gross\nprofit margin from 54.6% to 51.4% was primarily the result of the\naforementioned elevated amortization costs associated with software, which we\nbelieve are necessary for our future growth and profitability.\n\nSelling and marketing expenses\n\nOur selling expenses increased from US$528,746 for the six months ended\nDecember 31, 2024 to US$894,016 for the six months ended December 31, 2025,\nwhich was mainly due to (i) an increase of US$97,431 in office expenses\nrelated to the Philippines branch commencing operations in 2025, which is\nengaged in AI+BPO services, (ii) an increase in payroll expenses of US$298,720\nprimarily driven by growth in the number of sales personnel due to the\nPhilippines branch commencing operations in 2025, and partially offset by\n(iii) a decrease in share-based compensation expense of US$62,800, which\nreflected the recognition of a one-time share-based compensation expense in\nthe prior period upon achievement of certain performance targets, whereas\nshare-based compensation in the current period is recognized over the\napplicable service period.\n\nGeneral and administrative expenses\n\nOur general and administrative expenses increased by 27.5% from US$4.6 million\nfor the six months ended December 31, 2024 to US$5.9 million for the six\nmonths ended December 31, 2025, which was primarily attributable to (i) an\nincrease of US$2.4 million in credit losses, which was mainly driven by a\nhigher proportion of longer-aged accounts receivable, (ii) an increase of\nUS$0.3 million in payroll expenses resulting from the expansion of the\nmanagement team’s headcount, (iii) an increase of share-based compensation\nexpense of US$0.3 million, mainly attributable to additional share-based\ncompensation awards granted during the period to core employees, partially\noffset by (iv) a decrease of US$1.5 million in professional service fees\nmainly due to reduced advisory expenses after initial public offering, and (v)\na decrease of US$0.2 million in insurance expenses.\n\nResearch and development expenses \n\nOur research and development expenses increased by US$4.3 million from US$1.4\nmillion for the six months ended December 31, 2024 to US$5.7 million for the\nsix months ended December 31, 2025. The increase was attributable to (i) an\nincrease of US$4.6 million in product development fees, allowing us to better\ndifferentiate and diversify our product and service offerings with competitive\ntechnologies, (ii) an increase of US$0.2 million in payroll expenses resulting\nfrom growth in headcount of research and development personnel, partially\noffset by (iii) a decrease of US$0.8 million in AI training service fees, as\nthe services previously delivered through third-party outsourcing arrangements\nare being progressively brought in-house and assumed by our own employees,\nresulting in the elimination of the related service fees.\n\nFinancial expenses, net\n\nOur financial expenses, net decreased from US$312,437 for the six months ended\nDecember 31, 2024 to US$45,342 for the six months ended December 31, 2025,\nwhich was primarily attributable to a decrease of US$257,985 in foreign\nexchange loss mainly due to collection of accounts receivable and settlement\nof accounts payable, and a decrease of US$15,413 in interest expenses accrued\nfor convertible promissory notes, which were automatically converted into the\nordinary shares of the Company on August 2, 2024.\n\nIncome tax (benefits)/expenses\n\nAs a result of our operating loss position for the six months ended December\n31, 2025 and income position for the six months ended December 31, 2024, we\nincurred income tax benefits of US$0.4 million and expenses of US$0.7 million\nfor the six months ended December 31, 2025 and 2024, respectively.\n\nNet (loss)/income\n\nAs a result of the foregoing, our net income decreased by US$2.8 million from\nnet income of US$1.1 million for the six months ended December 31, 2024 to a\nnet loss of US$1.7 million for the six months ended December 31, 2025.\n\nLiquidity and capital resources\n\nIn assessing our liquidity, we monitor and analyze our cash on hand and our\noperating and capital expenditure commitments. To date, we have financed our\nworking capital requirements mainly from cash flow from operations and\nthird-party borrowings.\n\nWe had a cash balance of US$688,112 and US$152,051 as of December 31, 2025 and\nJune 30, 2025, respectively. Our positive working capital was approximately\nUS$1.6 million and US$4.7 million as of December 31, 2025 and June 30, 2025,\nrespectively. Our liquidity is based on our ability to enhance our operating\ncash flow position and obtain financing from equity and debt investors to fund\nour general operations and capital expenditure. Our ability to further enhance\nour liquidity depends on management’s ability to execute our business plan\nsuccessfully, which includes optimizing accounts receivable collection and\nstriking a balance between revenue growth and investments in R&D\nactivities.  \n\nOn October 2, 2025, we entered into a subscription agreement with an investor\nfor an aggregate purchase price of US$500,000. As of December 31, 2025, we had\nreceived the full subscription proceeds related to this agreement. On November\n15, 2025, we entered into an additional subscription agreement for an\naggregate purchase price of approximately US$1,240,000. As of December 31,\n2025, we had received US$690,159 of the subscription proceeds under this\nagreement.\n\nOur future capital requirements depend on many factors, including our growth\nrate, the continuing market acceptance of our offerings, the timing and extent\nof spending on research and development, our efforts to strengthen our service\ncapabilities, the expansion of our sales and marketing activities, and the\nexpansion and penetration of our business into different geographies and\nmarkets. We may, however, need additional cash resources in the future if we\nexperience changes in business conditions or other developments, or if we find\nand wish to pursue opportunities for investment, acquisition, capital\nexpenditure, or similar actions. If we determine that our cash requirements\nexceed the amount of cash and cash equivalents we have on hand at the time, we\nmay seek to issue equity or debt securities or obtain credit facilities. The\nissuance and sale of additional equity would result in further dilution to our\nshareholders. The incurrence of indebtedness would result in increased fixed\nobligations and could result in operating covenants that would restrict our\noperations. Our obligation to bear credit risk for certain financing\ntransactions we facilitate may also strain our operating cash flow.  \n\nUse of Non-GAAP Financial Measures\n\nWe consider adjusted net income, a non-GAAP financial measure, as a\nsupplemental measure to review and assess our operating performance. We define\nadjusted net income for a specific period as net income in the same period\nexcluding share-based compensation expenses and changes in fair value of\nwarrant liabilities.\n\nWe present this non-GAAP financial measure because it is used by our\nmanagement to evaluate our operating performance and formulate business plans.\nAccordingly, we believe that adjusted net income helps identify underlying\ntrends in our business that could otherwise be distorted by the effect of\ncertain expenses that are included in net income and certain expenses that are\nnot expected to result in future cash payments or that are non-recurring in\nnature. We also believe that the use of the non-GAAP financial measure\nfacilitates investors’ assessment of our operating performance, enhances the\noverall understanding of our past performance and future prospects and allows\nfor greater visibility with respect to key metrics used by our management in\nits financial and operational decision-making.\n\nThe non-GAAP financial measure should not be considered in isolation from or\nconstrued as an alternative to its most directly comparable financial measure\nprepared in accordance with GAAP. Investors are encouraged to review the\nhistorical non-GAAP financial measure in reconciliation to its most directly\ncomparable GAAP financial measure. As the non-GAAP financial measure has\nmaterial limitations as an analytical metric and may not be calculated in the\nsame manner by all companies, such measure may not be comparable to other\nsimilarly titled measures used by other companies. In light of the foregoing\nlimitations, you should not consider the non-GAAP financial measure as a\nsubstitute for, or superior to, its most directly comparable financial measure\nprepared in accordance with GAAP. We encourage investors and others to review\nour financial information in its entirety and not rely on a single financial\nmeasure.\n\nThe following table reconciles our adjusted net income for the periods\nindicated to the most directly comparable financial measure calculated and\npresented in accordance with U.S. GAAP, which is net income.\n\n For the six months ended December 31, \n 2025 2024 \n Net (loss)/income $ (1,685,306 ) $ 1,066,894 \n Add: \n Share-based compensation expenses 469,583 223,933 \n Change in fair value of warrant liabilities (1,390,543 ) 336,136 \n Total $ (2,606,266 ) $ 1,626,963 \n\n  \nAbout Helport AI Limited\n\nHelport AI (NASDAQ: HPAI) is a global AI workforce infrastructure company\nproviding intelligent communication software and services to enterprise\nclients. Its core asset is the AI Labor System, an industrial-scale platform\ndesigned to manufacture, orchestrate, and deliver AI workforce capacity based\non measurable business outcomes. Through its AI workforce, Helport AI helps\nclients drive sales, improve engagement, and reduce costs. The Company’s\nmission is to transform human expertise into scalable AI labor. Learn more at\nwww.helport.ai.\n\nForward-Looking Statements\n\nCertain statements in this announcement are forward-looking statements,\nincluding, but not limited to, HPAI’s proposed business plan and outlook,\nexpectations regarding future revenue growth and commercialization of its\n“AI Labor System” infrastructure platform and AI+BPO solutions,\nanticipated expansion of enterprise customer deployments and conversion of\npilot programs into long-term commercial relationships, plans to scale its\nTwinX and HyprX product offerings, expectations regarding strategic\npartnerships including its collaboration with QuickCEP, plans for global\noperational expansion across Southeast Asia and the Americas, anticipated\ninvestments in research and development including industry-specific knowledge\nbases, multilingual automation, digital twin technologies, and autonomous AI\nagent systems, expectations regarding operational efficiency and margin\nimprovement, and anticipated future capital requirements and potential\nfinancing activities. These forward-looking statements involve known and\nunknown risks and uncertainties and are based on HPAI’s current expectations\nand projections about future events that HPAI believes may affect its\nfinancial condition, results of operations, business strategy and financial\nneeds. Investors can identify these forward-looking statements by words or\nphrases such as “approximates,” “believes,” “hopes,”\n“expects,” “anticipates,” “estimates,” “projects,”\n“intends,” “plans,” “will,” “would,” “should,”\n“could,” “may” or other similar expressions, although not all\nforward-looking statements contain these identifying words. HPAI undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations, except as may be required by law. Although HPAI believes that\nthe expectations expressed in these forward-looking statements are reasonable,\nit cannot assure you that such expectations will turn out to be correct, and\nHPAI cautions investors that actual results may differ materially from the\nanticipated results and encourages investors to review other factors that may\naffect its future results in HPAI’s registration statement and other filings\nwith the U.S. Securities and Exchange Commission.\n\nFor more information, please contact:\n\nHelport AI Investor Relations\nEmail: ir@helport.ai\nWebsite: ir.helport.ai\n\nThe accompanying unaudited condensed consolidated financial statements should\nbe read together with the notes thereto included in the Company's Form 6-K\nfurnished with the U.S. Securities and Exchange Commission on June 26, 2026.\n\n \n HELPORT AI LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in U.S. dollars (“US$” or “$”), except share data) \n \n As of December 31, As of June 30, \n 2025 2025 \n (Unaudited) (Audited) \n Cash $ 688,112 $ 152,051 \n Accounts receivable, net 34,973,991 23,466,286 \n Amount due from a related party 123,219 10,372 \n Prepaid expenses and other receivables 198,001 137,669 \n Total current assets 35,983,323 23,766,378 \n \n Long-term investment 2,461 29,643 \n Intangible assets, net 16,061,400 12,680,011 \n Right-of-use assets, net 1,369,361 705,522 \n Total non-current assets 17,433,222 13,415,176 \n Total assets $ 53,416,545 $ 37,181,554 \n \n Accounts payable $ 17,854,472 $ 3,478,345 \n Income tax payable 1,319,771 1,321,935 \n Amount due to related parties 2,978,213 2,659,556 \n Warrant liabilities 3,293,291 4,683,834 \n Loans due to third parties 1,625,000 1,625,000 \n Accrued expenses and other liabilities 6,795,069 4,639,213 \n Lease liabilities 346,983 134,331 \n Deferred tax liabilities 145,404 548,889 \n Total current liabilities 34,358,203 19,091,103 \n 　 \n Lease liabilities 1,097,230 625,080 \n Total non-current liability 1,097,230 625,080 \n Total liabilities 35,455,433 19,716,183 \n \n Commitments and contingencies \n \n Ordinary shares (US$0.0001 par value per share; 500,000,000 authorized as of December 31, 2025 and June 30, 2025; 37,430,968 issued and outstanding as of December 31, 2025 and June 30, 2025)* 3,743 3,743 \n Additional paid-in capital* 4,222,290 2,562,548 \n Accumulated other comprehensive income/(loss) 16,173 (5,132 ) \n Retained earnings 13,232,505 14,904,212 \n Total HPAI’s Shareholders’ equity 17,474,711 17,465,371 \n Non-controlling interest 486,401 - \n Total shareholders’ equity 17,961,112 17,465,371 \n Total liabilities and shareholders’ equity $ 53,416,545 $ 37,181,554 \n \n *Par value of ordinary shares, additional paid-in capital, and share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 of the Company's Form 6-K. \n\n\n\n \n HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)/INCOME (Amounts in U.S. dollars (“US$” or “$”), except share data) \n \n For the six months ended December 31, \n 2025 2024 \n (Unaudited) (Unaudited) \n Revenues $ 17,662,340 $ 16,406,402 \n Cost of revenues (8,586,365 ) (7,440,338 ) \n Gross profit 9,075,975 8,966,064 \n \n Selling expenses (894,016 ) (528,746 ) \n General and administrative expenses (5,862,372 ) (4,598,484 ) \n Research and development expenses (5,685,118 ) (1,448,115 ) \n Total operating expenses (12,441,506 ) (6,575,345 ) \n \n (Loss)/income from operation (3,365,531 ) 2,390,719 \n \n Financial expenses, net (45,342 ) (312,437 ) \n Other loss, net (3,686 ) - \n Share of loss from equity method investment (58,982 ) - \n Change in fair value of warrant liabilities 1,390,543 (336,136 ) \n (Loss)/income before income tax expenses (2,082,998 ) 1,742,146 \n Income tax benefits/(expenses) 397,692 (675,252 ) \n Net (loss)/income $ (1,685,306 ) $ 1,066,894 \n Less: net loss attributable to non-controlling interests (13,599 ) - \n Net (loss)/income attributable to HPAI’s ordinary shareholders (1,671,707 ) 1,066,894 \n \n Other comprehensive income, net of tax: \n Net change in foreign currency translation adjustment 21,305 - \n Total comprehensive (loss)/income $ (1,664,001 ) $ 1,066,894 \n Less: total comprehensive income attributable to non-controlling interests (13,599 ) - \n Total comprehensive (loss)/income attributable to HPAI’s ordinary shareholders (1,650,402 ) 1,066,894 \n \n (Loss)/earnings per ordinary share \n Basic (0.04 ) 0.03 \n Diluted (0.04 ) 0.03 \n Weighted average number of ordinary shares outstanding* \n Basic 37,430,968 35,990,935 \n Diluted 37,430,968 35,990,935 \n \n *Share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 of the Company's Form 6-K. \n\n\n\n \n HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Amounts in U.S. dollars (“US$”), except share data) \n \n Ordinary Shares Additional paid-in Retained Total shareholders’ \n Shares* Amount* capital* earnings equity \n US$ US$ US$ US$ \n Balance as of June 30, 2024(Audited) 30,280,768 3,028 4,528 13,045,642 13,053,198 \n Reverse recapitalization 5,878,103 588 (7,505,333 ) - (7,504,745 ) \n Equity financing through Private Placement 509,259 51 5,499,949 - 5,500,000 \n Conversion from Convertible Promissory Notes 464,838 46 5,020,207 - 5,020,253 \n Offering costs in the Business Combination - - (1,030,923 ) - (1,030,923 ) \n Share-based compensation - - 223,933 - 223,933 \n Net income - - - 1,066,894 1,066,894 \n Balance as of December 31, 2024 (Unaudited) 37,132,968 3,713 2,212,361 14,112,536 16,328,610 \n\n\n\n Ordinary Shares Additional paid-in capital* Retained earnings Accumulated comprehensive (loss)/income Total HPAI’s shareholders’ equity Non- controlling interests Total shareholders’ equity \n Shares* Amount* \n US$ US$ US$ US$ US$ US$ US$ \n Balance as of June 30, 2025 (Audited) 37,430,968 3,743 2,562,548 14,904,212 (5,132 ) 17,465,371 - 17,465,371 \n Net loss - - - (1,671,707 ) - (1,671,707 ) (13,599 ) (1,685,306 ) \n Foreign currency translation adjustment, net of tax - - - - 21,305 21,305 - 21,305 \n Share-based compensation - - 469,583 - - 469,583 - 469,583 \n Equity financing through Private Placement - - 1,190,159 - - 1,190,159 - 1,190,159 \n Contribution from non-controlling shareholders - - - - - - 500,000 500,000 \n Balance as of December 31, 2025 (Unaudited) 37,430,968 3,743 4,222,290 13,232,505 16,173 17,474,711 486,401 17,961,112 \n \n *Share data and additional paid-in capital have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 of the Company's Form 6-K. \n\n\n\n \n HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in U.S. dollars (“US$” or “$”), except share data) \n \n For the six months ended December 31, \n 2025 2024 \n (Unaudited) (Unaudited) \n CASH FLOWS FROM OPERATING ACTIVITIES: \n Net (loss)/income $ (1,685,306 ) $ 1,066,894 \n Adjustments to reconcile net income to net cash provided by operating activities: \n Allowance for credit losses 2,386,938 - \n Amortization of intangible assets 2,918,611 1,957,877 \n Amortization of right-of-use assets 116,000 36,806 \n Share-based compensation 469,583 223,933 \n Investment loss from equity method investment 58,982 - \n Interest expenses on loans from related parties 35,438 - \n Deferred income tax (403,485 ) - \n Change in fair value of warrant liabilities (1,390,543 ) 336,136 \n Changes in operating assets and liabilities: \n Accounts receivable (13,894,643 ) (703,149 ) \n Prepaid expenses and other receivables (60,332 ) 1,028,346 \n Accounts payable 14,376,127 2,996,498 \n Accrued expenses and other liabilities 2,148,296 (3,196,882 ) \n Income tax payable (2,164 ) (216,977 ) \n Deferred tax liabilities - 332,626 \n Lease liabilities (103,287 ) (10,810 ) \n Net cash provided by operating activities 4,970,215 3,851,298 \n \n CASH FLOWS FROM INVESTING ACTIVITIES \n Purchase of intangible assets (6,300,000 ) (8,125,000 ) \n Loan to a related party (112,847 ) - \n Purchase of long-term investment (61,982 ) - \n Net cash used in investing activities (6,474,829 ) (8,125,000 ) \n \n CASH FLOWS FROM FINANCING ACTIVITIES \n Deferred offering costs - (213,052 ) \n Repayment of loan from a third party - (199,582 ) \n Loan from a related party 313,401 - \n Repayment of loans from related parties - (429,238 ) \n Cash inflow from reverse recapitalization - 1,136,951 \n Proceeds from PIPE investments 1,190,159 2,600,000 \n Repayment of sponsor loans - (350,000 ) \n Contribution from a non-controlling shareholder 500,000 - \n Net cash provided by financing activities 2,003,560 2,545,079 \n \n Effect of exchange rate changes 37,115 - \n \n Net change in cash 536,061 (1,728,623 ) \n Cash at the beginning of the period 152,051 2,581,086 \n Cash at the end of the period $ 688,112 $ 852,463 \n \n SUPPLEMENTAL SCHEDULE OF NON-CASH ITEMS \n Lease liabilities arising from obtaining right-of-use assets $ 788,061 $ 799,450 \n Net assets acquired from reverse recapitalization - 7,504,745 \n Financing funds received by a third party on behalf of the Group - 2,900,000 \n Conversion from Convertible Promissory Notes - 5,020,253 \n Offering costs recognized as additional paid-in capital - 1,030,923 \n \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/4165bcbe-7c28-4ab2-a6fa-6df96179cf81)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2hTtWT","title":"Helport AI Reports First Half Fiscal Year 2026 Financial Results","author":"Globe Newswire","ticker":"HPAI","created":"2026-06-26T20:30:00.475Z","tickers":["HPAI","HPAIW"],"exchange":"NASDAQ","article_body":"First Half Fiscal Year 2026 Revenue up 7.7% to $17.7 Million Period over\nPeriod\n\nAccelerating Enterprise AI Adoption Fuels Market Expansion, Unlocking New\nOpportunities in AI-Powered Customer Engagement\n\nSAN DIEGO and SINGAPORE, June 26, 2026 (GLOBE NEWSWIRE) -- Helport AI Limited\n(NASDAQ: HPAI) (“Helport AI” or the “Company”), a global artificial\nintelligence (“AI”) workforce infrastructure company providing intelligent\ncommunication software and services to enterprise clients, today announced its\nunaudited financial results for the six months ended December 31, 2025.\n\nFirst Half Fiscal Year 2026 Highlights  \n* Average monthly subscribed users of AI Assist services were 37,908 for the\nsix months ended December 31, 2025, representing an increase of 16.8% from\n32,468 in the same period of 2024.\n\n\n* Revenue for the six months ended December 31, 2025, was $17.7 million,\nrepresenting an increase of 7.7% from $16.4 million in the six months ended\nDecember 31, 2024, driven by increased enterprise adoption of AI-driven\nsolutions.\n\n\n* Gross profit remained stable at $9.1 million for the six months ended\nDecember 31, 2025, compared to $9.0 million for the six months ended December\n31, 2024.\n\n\n* Net loss was $1.7 million for the six months ended December 31, 2025,\ncompared to net income of $1.1 million in the six months ended December 31,\n2024, primarily as a result of increased investments in research and\ndevelopment (“R&D”) and higher credit losses on accounts receivable.\n\n\n* Net cash provided by operating activities was $5.0 million and $3.9 million\nfor the six months ended December 31, 2025 and 2024, respectively, supporting\nbusiness expansion and strategic initiatives.\n\n\n* As of December 31, 2025, there were 37,430,968 ordinary shares and\n18,844,987 warrants of the Company issued and outstanding.\nSubsequent Developments\n* In January 2026, the Company officially launched HyprX, a “digital twin”\nsoftware engine designed to replicate human expertise, communication styles,\nand decision-making logic for enterprise sales, training, customer engagement,\nand professional advisory applications. During the Company’s March 2026\n“Rise of AI Labor” event in the Philippines, Helport AI demonstrated\nTwinX, which enables a single human expert to supervise multiple AI agents\nsimultaneously.\n\n\n* Conducted the Company’s annual global strategy conference in Thailand in\nFebruary 2026, where management reaffirmed its long-term strategy of\ndelivering enterprise-grade artificial intelligence solutions focused on\nmeasurable business outcomes. The Company highlighted continued progress\nacross its AI+BPO, TwinX, and HyprX product lines, as well as expansion into\nindustry verticals including insurance, consumer finance, public services,\nrecruitment, and intelligent consumer products.\n\n\n* Expanded the Company’s global multilingual delivery infrastructure with\noperational hubs now established in the Philippines, Mexico, Thailand, and\nIndonesia. The Company believes this network strengthens its ability to\nprovide localized, AI-enabled customer engagement and operational support\nservices across English-, Spanish-, Thai-, and Bahasa-language markets.\n\n\n* Hosted the “Rise of AI Labor” enterprise partner event in the\nPhilippines in March 2026, showcasing the Company’s AI+BPO, TwinX, and HyprX\nsolutions to enterprise customers, business process outsourcing (“BPO”)\npartners, and technology leaders. The event highlighted the Company’s\n“Results-Oriented& Value-Sharing” operating model, which combines AI\ntechnology with operational delivery infrastructure to support enterprise\nadoption and measurable business outcomes.\n\n\n* Entered new verticals including e-commerce and logistics, as well as\nconnected devices and intelligent consumer products. The Company continued\ndeploying industry-specific AI solutions tailored for enterprise customer\nworkflows and operational requirements. Commercial deployments across mortgage\nlenders and consumer financing companies continued to advance and strengthen\nthe Company’s foothold in Southeast Asia and North America.\n\n\n* Entered into a strategic partnership with QuickCEP, a conversational AI and\ncustomer engagement platform, in April 2026 to jointly develop a fully managed\nAI agent solution for global brands and cross-border e-commerce enterprises.\nThe partnership combines Helport AI’s proprietary “AI Labor System”\ninfrastructure with QuickCEP’s omni-channel AI customer service SaaS\nplatform to deliver end-to-end AI workforce solutions. Initial enterprise\ncustomers have already been onboarded, and the Company expects the partnership\nto support accelerated enterprise adoption and revenue generation beginning in\nfiscal year 2027.\n\n\n* Advanced commercialization of the Company’s AI+BPO operating model by\nintegrating AI-driven workflow automation with localized operational delivery\nteams across Southeast Asia and Latin America. The Company believes this\napproach supports customer onboarding, accelerates proof-of-concept\ndeployments, and facilitates enterprise adoption across multiple industries.\n\n\n* Increased strategic focus on deploying the Company’s “AI Labor System”\ninfrastructure platform, designed to deliver AI workforce solutions for\nenterprise customers. Management believes this platform approach, which\ncombines enterprise knowledge, AI-driven workflow execution, and\nperformance-based monetization models, will support long-term revenue growth\nand operational efficiency.\n\n\n* Executed a commercial agreement with Hong Kong Start Nine Technology Co.,\nLimited in April 2026 for the deployment of the Company’s HyprX solution,\nwith commercial revenue generation beginning in May 2026.\n\n\n* Began generating revenue in May 2026 from a commercial agreement with Dreame\nTechnology Co., Ltd., a consumer electronics company, following the execution\nof a commercial agreement. The Company provides overseas contact center agent\nservices and AI technical services to Dreame.\n\n\n* Commercially launched HyprX for Hardware in June 2026, expanding the\nCompany’s AI Labor platform with a QR-code-based AI agent solution for\nconsumer hardware manufacturers.\nOutlook for Second Half Fiscal Year 2026 & Beyond:\n* Revenue Growth & Commercialization: The Company expects continued revenue\ngrowth driven by increasing enterprise adoption of its “AI Labor System”\ninfrastructure platform and AI+BPO solutions across core industry verticals,\nincluding insurance, mortgage services, consumer finance, e-commerce, and\ncustomer engagement operations. Management remains focused on converting pilot\nprograms and proof-of-concept deployments into long-term commercial customer\nrelationships, particularly across North America and Southeast Asia.\n\n\n* Enterprise AI Workforce Infrastructure: Following the launch of HyprX and\nTwinX, the Company intends to expand commercialization of its “AI Labor\nSystem” infrastructure platform. Management believes enterprise demand is\nincreasingly shifting toward AI solutions capable of delivering measurable\noperational results rather than standalone software tools.\n\n\n* Strategic Partnerships & Ecosystem Expansion: The Company expects strategic\npartnerships, including its recently announced collaboration with QuickCEP, to\nsupport customer acquisition and expansion into cross-border e-commerce and\nglobal brand markets. Management plans to continue pursuing enterprise\npartnerships and channel relationships designed to accelerate deployment scale\nand broaden market reach.\n\n\n* Global Operations & Multilingual Expansion: The Company plans to further\nexpand its multilingual global delivery network across Southeast Asia and the\nAmericas, supporting enterprise customers through localized language\ncapabilities, compliance frameworks, and operational infrastructure.\nManagement believes this regional expansion strategy supports its ability to\nserve global customers seeking AI-enabled customer communication solutions.\n\n\n* Product Innovation & AI Development: The Company expects to continue\ninvesting in AI research and development, including industry-specific\nknowledge bases, multilingual automation, AI-driven workflow management,\ndigital twin technologies, and autonomous AI agent systems. Management\nbelieves continued product innovation will support the Company’s market\nposition across enterprise customer engagement and operational support\nmarkets.\n\n\n* Operational Efficiency & Margin Improvement: Management remains focused on\nimproving operational efficiency and optimizing cloud infrastructure, AI\ntraining costs, and deployment workflows. The Company expects these\ninitiatives to support long-term operational efficiency and improve unit\neconomics as customer deployments and AI-enabled service volumes expand.\nManagement Commentary\n\n“The first half of fiscal year 2026 marked a transition period for Helport\nAI as we continued evolving from a traditional AI software provider toward an\nAI workforce infrastructure platform,” said Guanghai Li, Chief Executive\nOfficer of Helport AI. “During the period, we achieved revenue growth of\n7.7% to $17.7 million while expanding our enterprise customer deployments,\nglobal operational footprint, and AI product capabilities. Average monthly\nsubscribed seats increased to 37,908, representing an increase of 16.8%\nperiod-over-period as customers continued adopting our AI-powered solutions\nacross customer engagement, financial services, business process outsourcing,\nand enterprise communication workflows.”\n\n“While profitability was impacted by increased investments in research and\ndevelopment, cloud infrastructure, and international expansion, we believe\nthese investments support the Company’s long-term growth objectives. We\ncontinued scaling our AI+BPO operating model, expanded our multilingual\ndelivery network across Southeast Asia and Latin America, and opened new\noperational hubs in Thailand, Mexico, and Indonesia to support increasing\nenterprise demand for localized AI-enabled service delivery.”\n\n“Operationally, we continued advancing commercialization of our core product\nsuite, including unveiling TwinX and HyprX, core product offerings that we\nbelieve will be important in driving future growth and improved margins. We\nare also increasingly focused on developing what we refer to as our ‘AI\nLabor System’ infrastructure platform. We believe the enterprise AI market\nis moving beyond standalone software tools toward AI solutions capable of\ndelivering measurable operational and financial results. Our strategy is\ndesigned to help enterprises deploy AI workforce capacity using proprietary\nknowledge bases, multilingual operational infrastructure, and\nperformance-based delivery models aligned with customer outcomes.”\n\n“Strategic partnerships remain an important part of our growth strategy.\nDuring the period, we announced our partnership with QuickCEP to jointly\ndevelop fully managed AI agent solutions for global brands and cross-border\ne-commerce enterprises. We believe this partnership strengthens our position\nwithin the rapidly evolving AI-powered customer engagement market and supports\nfuture enterprise customer acquisition opportunities.”\n\n“Looking ahead to the second half of fiscal year 2026, we remain focused on\nexpanding enterprise adoption, converting new accounts into stable recurring\nrevenue, and scaling our TwinX and HyprX products across North America and\nSoutheast Asia. We also intend to continue investing in product innovation,\ndeployment automation, multilingual AI capabilities, and operational\ninfrastructure to improve scalability and support long-term margin\nexpansion.”\n\n“We believe our combination of AI labor, operational delivery\ninfrastructure, and outcome-oriented monetization models enables Helport AI to\naddress growing enterprise demand for AI adoption. Our objective remains\nbuilding AI workforce infrastructure capable of delivering measurable value to\nenterprise customers while driving sustainable long-term growth for\nshareholders,” concluded Li.\n\nFinancial Review for the Six Months Ended December 31, 2025 and 2024\n\nRevenue\n\nOur revenue increased by approximately US$1.3 million, or 7.7%, from US$16.4\nmillion for the six months ended December 31, 2024 to US$17.7 million for the\nsix months ended December 31, 2025.\n\nRevenue from AI service increased by approximately US$0.6 million, or 3.9%,\nfrom US$16.4 million for the six months ended December 31, 2024 to US$17.0\nmillion for the six months ended December 31, 2025. The increase was primarily\nattributable to growth in our user base, as average monthly subscribed users\nincreased by 16.8% to 37,908 for the six months ended December 31, 2025,\ncompared to 32,468 in the corresponding period of 2024.\n\nSince January 2025, we further expanded our service portfolio with the launch\nof our AI+BPO service, and for the six months ended December 31, 2025, revenue\ngenerated from AI+BPO service was US$0.6 million.\n\nCost of revenue\n\nOur cost of revenue increased by approximately US$1.2 million, or 15.4%, from\nUS$7.4 million for the six months ended December 31, 2024 to US$8.6 million\nfor the six months ended December 31, 2025.\n\nCost of revenue related to AI services increased by approximately US$0.8\nmillion, or 9.5%, from US$7.4 million for the six months ended December 31,\n2024 to US$8.2 million for the six months ended December 31, 2025. The\nincrease in cost of revenue outpaced revenue growth primarily due to increased\namortization of capitalized software development costs. The higher\namortization expense reflects our ongoing investments in software development\nto expand platform capabilities, support industry-specific application\nscenarios, and facilitate entry into new geographic markets. These investments\nsupport the development of tailored solutions for industries such as\ninsurance, mortgage sales, and consumer financing, as well as the localization\nof our platform for markets including North America and Southeast Asia.\n\nCost of revenue related to AI+BPO services was US$0.4 million and nil for the\nsix months ended December 31, 2025 and 2024, respectively.\n\nGross profit and margin\n\nWe recorded a gross profit of US$9.1 million and US$9.0 million for the six\nmonths ended December 31, 2025 and 2024, respectively. The reduction in gross\nprofit margin from 54.6% to 51.4% was primarily the result of the\naforementioned elevated amortization costs associated with software, which we\nbelieve are necessary for our future growth and profitability.\n\nSelling and marketing expenses\n\nOur selling expenses increased from US$528,746 for the six months ended\nDecember 31, 2024 to US$894,016 for the six months ended December 31, 2025,\nwhich was mainly due to (i) an increase of US$97,431 in office expenses\nrelated to the Philippines branch commencing operations in 2025, which is\nengaged in AI+BPO services, (ii) an increase in payroll expenses of US$298,720\nprimarily driven by growth in the number of sales personnel due to the\nPhilippines branch commencing operations in 2025, and partially offset by\n(iii) a decrease in share-based compensation expense of US$62,800, which\nreflected the recognition of a one-time share-based compensation expense in\nthe prior period upon achievement of certain performance targets, whereas\nshare-based compensation in the current period is recognized over the\napplicable service period.\n\nGeneral and administrative expenses\n\nOur general and administrative expenses increased by 27.5% from US$4.6 million\nfor the six months ended December 31, 2024 to US$5.9 million for the six\nmonths ended December 31, 2025, which was primarily attributable to (i) an\nincrease of US$2.4 million in credit losses, which was mainly driven by a\nhigher proportion of longer-aged accounts receivable, (ii) an increase of\nUS$0.3 million in payroll expenses resulting from the expansion of the\nmanagement team’s headcount, (iii) an increase of share-based compensation\nexpense of US$0.3 million, mainly attributable to additional share-based\ncompensation awards granted during the period to core employees, partially\noffset by (iv) a decrease of US$1.5 million in professional service fees\nmainly due to reduced advisory expenses after initial public offering, and (v)\na decrease of US$0.2 million in insurance expenses.\n\nResearch and development expenses \n\nOur research and development expenses increased by US$4.3 million from US$1.4\nmillion for the six months ended December 31, 2024 to US$5.7 million for the\nsix months ended December 31, 2025. The increase was attributable to (i) an\nincrease of US$4.6 million in product development fees, allowing us to better\ndifferentiate and diversify our product and service offerings with competitive\ntechnologies, (ii) an increase of US$0.2 million in payroll expenses resulting\nfrom growth in headcount of research and development personnel, partially\noffset by (iii) a decrease of US$0.8 million in AI training service fees, as\nthe services previously delivered through third-party outsourcing arrangements\nare being progressively brought in-house and assumed by our own employees,\nresulting in the elimination of the related service fees.\n\nFinancial expenses, net\n\nOur financial expenses, net decreased from US$312,437 for the six months ended\nDecember 31, 2024 to US$45,342 for the six months ended December 31, 2025,\nwhich was primarily attributable to a decrease of US$257,985 in foreign\nexchange loss mainly due to collection of accounts receivable and settlement\nof accounts payable, and a decrease of US$15,413 in interest expenses accrued\nfor convertible promissory notes, which were automatically converted into the\nordinary shares of the Company on August 2, 2024.\n\nIncome tax (benefits)/expenses\n\nAs a result of our operating loss position for the six months ended December\n31, 2025 and income position for the six months ended December 31, 2024, we\nincurred income tax benefits of US$0.4 million and expenses of US$0.7 million\nfor the six months ended December 31, 2025 and 2024, respectively.\n\nNet (loss)/income\n\nAs a result of the foregoing, our net income decreased by US$2.8 million from\nnet income of US$1.1 million for the six months ended December 31, 2024 to a\nnet loss of US$1.7 million for the six months ended December 31, 2025.\n\nLiquidity and capital resources\n\nIn assessing our liquidity, we monitor and analyze our cash on hand and our\noperating and capital expenditure commitments. To date, we have financed our\nworking capital requirements mainly from cash flow from operations and\nthird-party borrowings.\n\nWe had a cash balance of US$688,112 and US$152,051 as of December 31, 2025 and\nJune 30, 2025, respectively. Our positive working capital was approximately\nUS$1.6 million and US$4.7 million as of December 31, 2025 and June 30, 2025,\nrespectively. Our liquidity is based on our ability to enhance our operating\ncash flow position and obtain financing from equity and debt investors to fund\nour general operations and capital expenditure. Our ability to further enhance\nour liquidity depends on management’s ability to execute our business plan\nsuccessfully, which includes optimizing accounts receivable collection and\nstriking a balance between revenue growth and investments in R&D\nactivities.  \n\nOn October 2, 2025, we entered into a subscription agreement with an investor\nfor an aggregate purchase price of US$500,000. As of December 31, 2025, we had\nreceived the full subscription proceeds related to this agreement. On November\n15, 2025, we entered into an additional subscription agreement for an\naggregate purchase price of approximately US$1,240,000. As of December 31,\n2025, we had received US$690,159 of the subscription proceeds under this\nagreement.\n\nOur future capital requirements depend on many factors, including our growth\nrate, the continuing market acceptance of our offerings, the timing and extent\nof spending on research and development, our efforts to strengthen our service\ncapabilities, the expansion of our sales and marketing activities, and the\nexpansion and penetration of our business into different geographies and\nmarkets. We may, however, need additional cash resources in the future if we\nexperience changes in business conditions or other developments, or if we find\nand wish to pursue opportunities for investment, acquisition, capital\nexpenditure, or similar actions. If we determine that our cash requirements\nexceed the amount of cash and cash equivalents we have on hand at the time, we\nmay seek to issue equity or debt securities or obtain credit facilities. The\nissuance and sale of additional equity would result in further dilution to our\nshareholders. The incurrence of indebtedness would result in increased fixed\nobligations and could result in operating covenants that would restrict our\noperations. Our obligation to bear credit risk for certain financing\ntransactions we facilitate may also strain our operating cash flow.  \n\nUse of Non-GAAP Financial Measures\n\nWe consider adjusted net income, a non-GAAP financial measure, as a\nsupplemental measure to review and assess our operating performance. We define\nadjusted net income for a specific period as net income in the same period\nexcluding share-based compensation expenses and changes in fair value of\nwarrant liabilities.\n\nWe present this non-GAAP financial measure because it is used by our\nmanagement to evaluate our operating performance and formulate business plans.\nAccordingly, we believe that adjusted net income helps identify underlying\ntrends in our business that could otherwise be distorted by the effect of\ncertain expenses that are included in net income and certain expenses that are\nnot expected to result in future cash payments or that are non-recurring in\nnature. We also believe that the use of the non-GAAP financial measure\nfacilitates investors’ assessment of our operating performance, enhances the\noverall understanding of our past performance and future prospects and allows\nfor greater visibility with respect to key metrics used by our management in\nits financial and operational decision-making.\n\nThe non-GAAP financial measure should not be considered in isolation from or\nconstrued as an alternative to its most directly comparable financial measure\nprepared in accordance with GAAP. Investors are encouraged to review the\nhistorical non-GAAP financial measure in reconciliation to its most directly\ncomparable GAAP financial measure. As the non-GAAP financial measure has\nmaterial limitations as an analytical metric and may not be calculated in the\nsame manner by all companies, such measure may not be comparable to other\nsimilarly titled measures used by other companies. In light of the foregoing\nlimitations, you should not consider the non-GAAP financial measure as a\nsubstitute for, or superior to, its most directly comparable financial measure\nprepared in accordance with GAAP. We encourage investors and others to review\nour financial information in its entirety and not rely on a single financial\nmeasure.\n\nThe following table reconciles our adjusted net income for the periods\nindicated to the most directly comparable financial measure calculated and\npresented in accordance with U.S. GAAP, which is net income.\n\n For the six months ended December 31, \n 2025 2024 \n Net (loss)/income $ (1,685,306 ) $ 1,066,894 \n Add: \n Share-based compensation expenses 469,583 223,933 \n Change in fair value of warrant liabilities (1,390,543 ) 336,136 \n Total $ (2,606,266 ) $ 1,626,963 \n\n  \nAbout Helport AI Limited\n\nHelport AI (NASDAQ: HPAI) is a global AI workforce infrastructure company\nproviding intelligent communication software and services to enterprise\nclients. Its core asset is the AI Labor System, an industrial-scale platform\ndesigned to manufacture, orchestrate, and deliver AI workforce capacity based\non measurable business outcomes. Through its AI workforce, Helport AI helps\nclients drive sales, improve engagement, and reduce costs. The Company’s\nmission is to transform human expertise into scalable AI labor. Learn more at\nwww.helport.ai.\n\nForward-Looking Statements\n\nCertain statements in this announcement are forward-looking statements,\nincluding, but not limited to, HPAI’s proposed business plan and outlook,\nexpectations regarding future revenue growth and commercialization of its\n“AI Labor System” infrastructure platform and AI+BPO solutions,\nanticipated expansion of enterprise customer deployments and conversion of\npilot programs into long-term commercial relationships, plans to scale its\nTwinX and HyprX product offerings, expectations regarding strategic\npartnerships including its collaboration with QuickCEP, plans for global\noperational expansion across Southeast Asia and the Americas, anticipated\ninvestments in research and development including industry-specific knowledge\nbases, multilingual automation, digital twin technologies, and autonomous AI\nagent systems, expectations regarding operational efficiency and margin\nimprovement, and anticipated future capital requirements and potential\nfinancing activities. These forward-looking statements involve known and\nunknown risks and uncertainties and are based on HPAI’s current expectations\nand projections about future events that HPAI believes may affect its\nfinancial condition, results of operations, business strategy and financial\nneeds. Investors can identify these forward-looking statements by words or\nphrases such as “approximates,” “believes,” “hopes,”\n“expects,” “anticipates,” “estimates,” “projects,”\n“intends,” “plans,” “will,” “would,” “should,”\n“could,” “may” or other similar expressions, although not all\nforward-looking statements contain these identifying words. HPAI undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations, except as may be required by law. Although HPAI believes that\nthe expectations expressed in these forward-looking statements are reasonable,\nit cannot assure you that such expectations will turn out to be correct, and\nHPAI cautions investors that actual results may differ materially from the\nanticipated results and encourages investors to review other factors that may\naffect its future results in HPAI’s registration statement and other filings\nwith the U.S. Securities and Exchange Commission.\n\nFor more information, please contact:\n\nHelport AI Investor Relations\nEmail: ir@helport.ai\nWebsite: ir.helport.ai\n\nThe accompanying unaudited condensed consolidated financial statements should\nbe read together with the notes thereto included in the Company's Form 6-K\nfurnished with the U.S. Securities and Exchange Commission on June 26, 2026.\n\n \n HELPORT AI LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in U.S. dollars (“US$” or “$”), except share data) \n \n As of December 31, As of June 30, \n 2025 2025 \n (Unaudited) (Audited) \n Cash $ 688,112 $ 152,051 \n Accounts receivable, net 34,973,991 23,466,286 \n Amount due from a related party 123,219 10,372 \n Prepaid expenses and other receivables 198,001 137,669 \n Total current assets 35,983,323 23,766,378 \n \n Long-term investment 2,461 29,643 \n Intangible assets, net 16,061,400 12,680,011 \n Right-of-use assets, net 1,369,361 705,522 \n Total non-current assets 17,433,222 13,415,176 \n Total assets $ 53,416,545 $ 37,181,554 \n \n Accounts payable $ 17,854,472 $ 3,478,345 \n Income tax payable 1,319,771 1,321,935 \n Amount due to related parties 2,978,213 2,659,556 \n Warrant liabilities 3,293,291 4,683,834 \n Loans due to third parties 1,625,000 1,625,000 \n Accrued expenses and other liabilities 6,795,069 4,639,213 \n Lease liabilities 346,983 134,331 \n Deferred tax liabilities 145,404 548,889 \n Total current liabilities 34,358,203 19,091,103 \n 　 \n Lease liabilities 1,097,230 625,080 \n Total non-current liability 1,097,230 625,080 \n Total liabilities 35,455,433 19,716,183 \n \n Commitments and contingencies \n \n Ordinary shares (US$0.0001 par value per share; 500,000,000 authorized as of December 31, 2025 and June 30, 2025; 37,430,968 issued and outstanding as of December 31, 2025 and June 30, 2025)* 3,743 3,743 \n Additional paid-in capital* 4,222,290 2,562,548 \n Accumulated other comprehensive income/(loss) 16,173 (5,132 ) \n Retained earnings 13,232,505 14,904,212 \n Total HPAI’s Shareholders’ equity 17,474,711 17,465,371 \n Non-controlling interest 486,401 - \n Total shareholders’ equity 17,961,112 17,465,371 \n Total liabilities and shareholders’ equity $ 53,416,545 $ 37,181,554 \n \n *Par value of ordinary shares, additional paid-in capital, and share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 of the Company's Form 6-K. \n\n\n\n \n HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)/INCOME (Amounts in U.S. dollars (“US$” or “$”), except share data) \n \n For the six months ended December 31, \n 2025 2024 \n (Unaudited) (Unaudited) \n Revenues $ 17,662,340 $ 16,406,402 \n Cost of revenues (8,586,365 ) (7,440,338 ) \n Gross profit 9,075,975 8,966,064 \n \n Selling expenses (894,016 ) (528,746 ) \n General and administrative expenses (5,862,372 ) (4,598,484 ) \n Research and development expenses (5,685,118 ) (1,448,115 ) \n Total operating expenses (12,441,506 ) (6,575,345 ) \n \n (Loss)/income from operation (3,365,531 ) 2,390,719 \n \n Financial expenses, net (45,342 ) (312,437 ) \n Other loss, net (3,686 ) - \n Share of loss from equity method investment (58,982 ) - \n Change in fair value of warrant liabilities 1,390,543 (336,136 ) \n (Loss)/income before income tax expenses (2,082,998 ) 1,742,146 \n Income tax benefits/(expenses) 397,692 (675,252 ) \n Net (loss)/income $ (1,685,306 ) $ 1,066,894 \n Less: net loss attributable to non-controlling interests (13,599 ) - \n Net (loss)/income attributable to HPAI’s ordinary shareholders (1,671,707 ) 1,066,894 \n \n Other comprehensive income, net of tax: \n Net change in foreign currency translation adjustment 21,305 - \n Total comprehensive (loss)/income $ (1,664,001 ) $ 1,066,894 \n Less: total comprehensive income attributable to non-controlling interests (13,599 ) - \n Total comprehensive (loss)/income attributable to HPAI’s ordinary shareholders (1,650,402 ) 1,066,894 \n \n (Loss)/earnings per ordinary share \n Basic (0.04 ) 0.03 \n Diluted (0.04 ) 0.03 \n Weighted average number of ordinary shares outstanding* \n Basic 37,430,968 35,990,935 \n Diluted 37,430,968 35,990,935 \n \n *Share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 of the Company's Form 6-K. \n\n\n\n \n HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Amounts in U.S. dollars (“US$”), except share data) \n \n Ordinary Shares Additional paid-in Retained Total shareholders’ \n Shares* Amount* capital* earnings equity \n US$ US$ US$ US$ \n Balance as of June 30, 2024(Audited) 30,280,768 3,028 4,528 13,045,642 13,053,198 \n Reverse recapitalization 5,878,103 588 (7,505,333 ) - (7,504,745 ) \n Equity financing through Private Placement 509,259 51 5,499,949 - 5,500,000 \n Conversion from Convertible Promissory Notes 464,838 46 5,020,207 - 5,020,253 \n Offering costs in the Business Combination - - (1,030,923 ) - (1,030,923 ) \n Share-based compensation - - 223,933 - 223,933 \n Net income - - - 1,066,894 1,066,894 \n Balance as of December 31, 2024 (Unaudited) 37,132,968 3,713 2,212,361 14,112,536 16,328,610 \n\n\n\n Ordinary Shares Additional paid-in capital* Retained earnings Accumulated comprehensive (loss)/income Total HPAI’s shareholders’ equity Non- controlling interests Total shareholders’ equity \n Shares* Amount* \n US$ US$ US$ US$ US$ US$ US$ \n Balance as of June 30, 2025 (Audited) 37,430,968 3,743 2,562,548 14,904,212 (5,132 ) 17,465,371 - 17,465,371 \n Net loss - - - (1,671,707 ) - (1,671,707 ) (13,599 ) (1,685,306 ) \n Foreign currency translation adjustment, net of tax - - - - 21,305 21,305 - 21,305 \n Share-based compensation - - 469,583 - - 469,583 - 469,583 \n Equity financing through Private Placement - - 1,190,159 - - 1,190,159 - 1,190,159 \n Contribution from non-controlling shareholders - - - - - - 500,000 500,000 \n Balance as of December 31, 2025 (Unaudited) 37,430,968 3,743 4,222,290 13,232,505 16,173 17,474,711 486,401 17,961,112 \n \n *Share data and additional paid-in capital have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 of the Company's Form 6-K. \n\n\n\n \n HELPORT AI LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in U.S. dollars (“US$” or “$”), except share data) \n \n For the six months ended December 31, \n 2025 2024 \n (Unaudited) (Unaudited) \n CASH FLOWS FROM OPERATING ACTIVITIES: \n Net (loss)/income $ (1,685,306 ) $ 1,066,894 \n Adjustments to reconcile net income to net cash provided by operating activities: \n Allowance for credit losses 2,386,938 - \n Amortization of intangible assets 2,918,611 1,957,877 \n Amortization of right-of-use assets 116,000 36,806 \n Share-based compensation 469,583 223,933 \n Investment loss from equity method investment 58,982 - \n Interest expenses on loans from related parties 35,438 - \n Deferred income tax (403,485 ) - \n Change in fair value of warrant liabilities (1,390,543 ) 336,136 \n Changes in operating assets and liabilities: \n Accounts receivable (13,894,643 ) (703,149 ) \n Prepaid expenses and other receivables (60,332 ) 1,028,346 \n Accounts payable 14,376,127 2,996,498 \n Accrued expenses and other liabilities 2,148,296 (3,196,882 ) \n Income tax payable (2,164 ) (216,977 ) \n Deferred tax liabilities - 332,626 \n Lease liabilities (103,287 ) (10,810 ) \n Net cash provided by operating activities 4,970,215 3,851,298 \n \n CASH FLOWS FROM INVESTING ACTIVITIES \n Purchase of intangible assets (6,300,000 ) (8,125,000 ) \n Loan to a related party (112,847 ) - \n Purchase of long-term investment (61,982 ) - \n Net cash used in investing activities (6,474,829 ) (8,125,000 ) \n \n CASH FLOWS FROM FINANCING ACTIVITIES \n Deferred offering costs - (213,052 ) \n Repayment of loan from a third party - (199,582 ) \n Loan from a related party 313,401 - \n Repayment of loans from related parties - (429,238 ) \n Cash inflow from reverse recapitalization - 1,136,951 \n Proceeds from PIPE investments 1,190,159 2,600,000 \n Repayment of sponsor loans - (350,000 ) \n Contribution from a non-controlling shareholder 500,000 - \n Net cash provided by financing activities 2,003,560 2,545,079 \n \n Effect of exchange rate changes 37,115 - \n \n Net change in cash 536,061 (1,728,623 ) \n Cash at the beginning of the period 152,051 2,581,086 \n Cash at the end of the period $ 688,112 $ 852,463 \n \n SUPPLEMENTAL SCHEDULE OF NON-CASH ITEMS \n Lease liabilities arising from obtaining right-of-use assets $ 788,061 $ 799,450 \n Net assets acquired from reverse recapitalization - 7,504,745 \n Financing funds received by a third party on behalf of the Group - 2,900,000 \n Conversion from Convertible Promissory Notes - 5,020,253 \n Offering costs recognized as additional paid-in capital - 1,030,923 \n \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/4165bcbe-7c28-4ab2-a6fa-6df96179cf81)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-26T20:30:00.526722832Z","server_sent_at_ms":1782505800526},"received_at":"2026-06-26T20:30:00.677Z","source_url":"https://www.globenewswire.com/news-release/2026/06/26/3318466/0/en/Helport-AI-Reports-First-Half-Fiscal-Year-2026-Financial-Results.html"},"analysis":{"id":"63938","press_release_id":"74578","analysis_json":{"industry":{"label":"Software","sector":"Information 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