CN Energy management cites $33.2 million credit-loss allowance as driver of $49.5 million net loss in six months to March 31, 2026

Bitget2026/09/18 21:01

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Management commentary for the six months ended March 31, 2026 showed revenue up 8.2% to $17.7 million, driven by higher activated carbon pricing.
Average selling price rose to $1,200 per ton from $1,111; volume slipped to 14,675 tons from 14,744.
Cost of revenue climbed 10% to $17.5 million as average unit cost increased to $1,187 per ton from $1,078.
Net loss was $49.5 million, pressured by $33.2 million allowance for credit losses tied to an acquisition reversal receivable.
Results also reflected a $14.34 million impairment on advances to suppliers; interest expense rose to $885,910 after a $7.5 million secured promissory note.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CN Energy Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-005703), on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CN Energy management cites $33.2 million credit-loss allowance as driver of $49.5 million net loss in six months to March 31, 2026

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