Globavend Holdings Limited (NASDAQ: GVH), an emerging cross-border e-commerce logistics provider, reported unaudited financial results for the six months ended March 31, 2026, with revenue increasing 8.0% year over year to US$14.8 million. The growth was driven by higher shipment volumes across its integrated cross-border logistics and air freight forwarding businesses, according to the company's press release.
The company ended the period with approximately US$7.1 million in cash and cash equivalents, US$9.1 million in working capital and US$10.4 million in shareholders’ equity, underscoring a strong liquidity position despite higher freight costs and operating expenses during the period. Management noted that the reported results reflect only the company’s logistics operations through March 31, 2026, and do not include strategic initiatives completed afterward, including the previously announced acquisition of a majority interest in Loomi Entertainment Group Limited.
Looking ahead, Globavend said it remains focused on strengthening its core logistics business while prudently pursuing strategic opportunities to diversify its long-term revenue base and enhance shareholder value. The company is positioning itself as both a logistics provider and an AI-powered digital entertainment company, operating Loomi: Short Drama, a mobile streaming platform for multilingual micro dramas, and Imaginary, its proprietary AI-powered cinematic production platform.
For more information, visit https://globavend.com/ or view the full press release at https://ibn.fm/9IW6G.
