GMEX Robotics Reports Six Month and Full Year Financial Results for Fiscal Year Ended June 30, 2026 Highlighted by Double Digit Growth in Second Half Revenue

Fitness equipment supplied fiscal-year revenue as GMEX pursued robotics deployments and AI integration while reporting a wider loss.

Rhea-AI Summary

GMEX Robotics (GMEX) reported fiscal 2026 revenue of $5.6 million, up 7.9% from the prior year, alongside a wider net loss. Second-half revenue rose 12.8% to $2.9 million. Full-year revenue came from fitness equipment merchandise sales.

Gross margin fell to 8.6% from 39.3%, with cost of goods sold including a $1.7 million consignment-goods write-off allowance. Operating loss widened to $7.1 million from $1.6 million. Full-year net loss was $17.37 million, versus $0.68 million, reflecting digital-asset and financing-related expenses. Cash, cash equivalents and marketable securities totaled $22.8 million at June 30, 2026.

The company received an initial approximately AU$504,000 cooking-system order under an AU$4.2 million agreement for planned deployment of at least 50 systems. It also acquired a 30% equity interest in Alpha Meta AI and plans to integrate MediaMeta capabilities into its robotics platform.

13 points · 3 major

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1 major · 10 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointCash, cash equivalents and marketable securities increased to $22.8 million at June 30, 2026.
• Major pointApproximately AU$504,000 initial cooking-system order received in May 2026 under an AU$4.2 million deployment agreement.
• Major point$0.10-per-share interim cash dividend paid, totaling $1.0 million, following its December 2025 declaration.
• Moderate pointFiscal 2026 revenue increased 7.9% to $5.6 million from $5.2 million in fiscal 2025.
• Moderate point30% Alpha Meta AI equity interest acquired on a fully diluted, after-issued basis, adding access to MediaMeta technology.

8 minor points

• Minor pointSecond-half revenue rose 12.8% to $2.9 million from $2.6 million in the prior-year period.
• Minor pointAverage revenue per fitness equipment order increased 11.5% to $275.62 from $247.26 in fiscal 2025.
• Minor pointCustomer database grew to 249,936 members from 225,676 in the prior-year period.
• Minor pointConvertible-note fair-value gains of $6.6 million partially offset fiscal 2026 losses.
• Minor pointDerivative-liability fair-value gains of $2.5 million partially offset fiscal 2026 losses.
• Minor point. Forward-looking: it has not happened yet and may not happen.Commercial priorities include advancing robotics deployments, identifying MediaMeta integration use cases and developing North American customer relationships.
• Minor point. Forward-looking: it has not happened yet and may not happen.247meta.ai, announced in August 2026, offers a near-term commercial opportunity in the company's view.
• Minor point. Forward-looking: it has not happened yet and may not happen.Longer-term revenue strategy targets robotics hardware, recurring software and AI capabilities, plus deployment, maintenance and support services.

Negative

• Major pointFull-year net loss widened to $17.37 million from $0.68 million in fiscal 2025.
• Moderate pointGross profit fell to $480,590 from $2.0 million; gross margin declined to 8.6% from 39.3%.
• Minor pointOperating loss widened to $7.1 million from $1.6 million in fiscal 2025.
• Minor pointCost of goods sold rose 62.4% to $5.1 million, including a $1.7 million consignment-goods write-off allowance.
• Minor pointOperating expenses increased to $7.6 million from $3.7 million; fiscal 2026 included $1.3 million in non-cash share-based compensation.

5 minor points

• Minor pointLoss on issuance of derivatives and common stock totaled $10.7 million in fiscal 2026.
• Minor pointCombined realized and unrealized digital-asset losses totaled $5.8 million in fiscal 2026.
• Minor pointDebt-extinguishment loss totaled $2.9 million in fiscal 2026.
• Minor pointFitness equipment sales orders decreased 3.2% to 20,353 from 21,031 in fiscal 2025.
• Minor pointMediaMeta social intelligence capabilities for robotics remain in development.

News Explained

Fiscal 2026 revenue rose, but reported gross margin fell and operating loss widened year over year.

GMEX Robotics reported results for fiscal 2026, ended June 30, 2026, with gross margin down to 8.6% from 39.3%; the company says a $1.7 million consignment-goods write-off allowance contributed to the decline. The company says gross profit would have been $2.1 million and gross margin 38.1% excluding that allowance.

Operating loss widened to $7.1 million from $1.6 million, while operating expenses rose to $7.6 million from $3.7 million.

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Key Figures

Full-year revenue: $5.6 million, up 7.9% Second-half revenue: $2.9 million, up 12.8% Net loss: $17.37 million +5 more

Full-year revenue

$5.6 million, up 7.9%

Fiscal year ended June 30, 2026; prior year $5.2 million

Second-half revenue

$2.9 million, up 12.8%

Six months ended June 30, 2026; prior-year period $2.6 million

Net loss

$17.37 million

Full-year results overview; compared with $0.68 million in fiscal 2025

Net loss

$19.2 million

Detailed fiscal 2026 results; compared with $682,724 in fiscal 2025

Cash and marketable securities

$22.8 million

At June 30, 2026

Gross profit

$480,590

Fiscal 2026; compared with $2.0 million in fiscal 2025

Gross margin

8.6%

Fiscal 2026; compared with 39.3% in fiscal 2025

Net other expense

$12.1 million

Fiscal 2026; compared with $1.3 million net other income in fiscal 2025

Key Terms

marketable securities, share-based compensation, convertible notes, derivative liabilities

4 terms

marketable securities financial

"cash and cash equivalents and marketable securities of $22.8 million"

Marketable securities are financial assets — such as publicly traded stocks, bonds, and short-term government bills — that a company can quickly sell for cash at a known price. Investors watch them because they show how much ready cash a company can access without selling core operations, like keeping money in a highly liquid savings account versus being tied up in a house, and they affect short-term risk, financial flexibility, and balance-sheet strength.

share-based compensation financial

"$1.3 million of non-cash share-based compensation"

Share-based compensation is when a company pays employees, executives or directors with its own stock or rights to buy stock instead of, or in addition to, cash. Think of it like receiving store gift cards instead of extra paycheck — it can motivate staff to boost the company’s value, but it also increases the number of shares outstanding and can shrink each existing owner’s slice of profits and voting power. Investors watch it because it affects reported earnings, share count and the alignment between management and shareholders.

convertible notes financial

"fair-value gains on convertible notes"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

derivative liabilities financial

"fair-value gains on convertible notes and derivative liabilities"

Derivative liabilities are obligations a company records when it owes money under financial contracts whose value depends on something else, like interest rates, stock prices, or currencies. Think of them as bets or insurance policies that can create future cash payments; they matter to investors because they can cause sudden changes in a company’s reported debt, profits and cash flow and reveal exposure to market risks that could affect valuation.

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Full-year revenue increased 7.9% to $5.6 million; second-half revenue grew 12.8% to $2.9 million; cash, cash equivalents and marketable securities increased to $22.8 million

SYDNEY, Australia, Nov. 02, 2026 (GLOBE NEWSWIRE) -- GMEX Robotics Corporation (NASDAQ: GMEX) ("GMEX Robotics" or the "Company"), a technology company focused on the development and commercialization of AI-powered robotics and intelligent automation solutions, today announced full year financial results for fiscal year ended June 30, 2026 and provided an update on its business strategy.

Revenue for the full fiscal year ended June 30, 2026 increased 7.9% to $5.6 million from $5.2 million for the full fiscal year ended June 30, 2025. Revenue for the six months ended June 30, 2026, the second half of fiscal 2026, increased 12.8% to $2.9 million, compared with $2.6 million in the prior-year period. Full-year net loss was $17.37 million, compared with $0.68 million in fiscal 2025, primarily reflecting $12.1 million of net other expense driven by non-recurring digital-asset and financing-related items associated with corporate restructuring activities. At June 30, 2026, the Company had cash and cash equivalents and marketable securities of $22.8 million, and stockholders’ equity of $28.56. million.

“During fiscal 2026, we advanced our transition into AI-powered robotics with the backdrop of revenue growth from our established fitness equipment vertical,” said Sam Lu, GMEX Robotics’ Chief Executive Officer. “Our first Bon Vivant cooking system deployment order and the introduction of our vision sensor mounting system represent progress in bringing our hardware capabilities to commercial applications. Recently, our investment in MediaMeta added access to technology that we intend to integrate into our Terminal + Brain platform.”

“As we focus on growing our robotics business, we are also focused on managing our expenses to optimize operating performance of the Company. Our priorities are to advance commercial deployments, integrate complementary AI capabilities and manage spending as we develop the business. Our longer-term objective is to build hardware sales alongside recurring software and service revenue,” concluded Mr. Lu.

Business Highlights for Fiscal Year Ended June 30, 2026

• Received an initial order in May 2026 valued at approximately AU$504,000 for Bon Vivant 3.0 cooking systems under a previously announced AU$4.2 million (or the equivalent of US$3.0 million) agreement covering planned deployment of at least 50 intelligent kitchen robotics systems
• Unveiled a modular vision sensor mounting system in June 2026 designed to simplify sensor replacement and reduce maintenance downtime for industrial robots
• Rebranded from Fitell Corporation to GMEX Robotics in March 2026, reflecting the Company’s expansion from fitness equipment e-commerce into AI-powered robotics and intelligent automation
• Increased average revenue in the fitness equipment business per order by 11.5% to $275.62 from $247.26 in the prior year period as the Company focused more on commercial customers, which accounted for 33.3% of fiscal 2026 revenue; the customer database grew to 249,936 members from 225,676 in the prior year period
• Paid an interim cash dividend of $0.10 per share, declared in December 2025, totaling $1.0 million
• Acquired equity interests representing 30% of Alpha Meta AI Pte. Ltd.’s issued and outstanding equity interests on a fully diluted, after-issued basis. Alpha Meta conducts its MediaMeta business through mediameta.ai and related business units. MediaMeta’s current business is focused on digital content, AI applications and generative engine optimization (GEO). Its social intelligence capabilities for robotics applications are in development
• Commercially launched its smart connected fitness equipment in July 2026, with retail products becoming available in October 2026
• Appointed Brian Hartzband as President of U.S. Operations in July 2026 to lead it’s the Company’s growth strategy, including commercial operations, strategic partnerships, customer development and market expansion
  
  

Commercial Priorities

GMEX Robotics is developing its Terminal + Brain (Intelligence) platform to combine physical robotics with AI orchestration and social intelligence. The Company’s priorities include advancing robotics deployments, identifying initial integration use cases with MediaMeta and developing customer relationships in North America

In August 2026, GMEX announced 247meta.ai, a platform designed to coordinate multiple AI agents and route tasks across proprietary and open-weight AI models based on the requirements of each workflow. The Company believes 247meta.ai provides a near-term commercial opportunity for its AI capabilities while its broader physical robotics platform continues to advance. The Company’s longer-term strategy targets revenue from robotics hardware, recurring software and AI capabilities, and deployment, maintenance and support services.

Full Fiscal Year Financial Results

Unless otherwise indicated, all amounts are in U.S. dollars. Fiscal 2026 and fiscal 2025 refer to the years ended June 30, 2026 and 2025, respectively.

Fiscal 2026 revenue increased 7.9% to $5.6 million from $5.2 million in fiscal 2025. Revenue consisted of merchandise sales from the Company’s established gym and fitness equipment business. The increase reflected an 11.5% increase in average revenue per order to $275.62 from $247.26 in fiscal 2025, driven by a greater focus on commercial customers, partially offset by a 3.2% decrease in sales orders to 20,353 from 21,031. Sales through the Company’s own e-commerce website represented approximately 63.5% of revenue in fiscal 2026, compared to 66.0% in fiscal 2025.

Gross profit was $480,590 in fiscal 2026, compared with $2.0 million in 2025, and gross margin was 8.6% in fiscal 2026, compared with 39.3% in fiscal 2025. Cost of goods sold increased 62.4% to $5.1 million in fiscal 2026 from $3.2 million in fiscal 2025 and included a $1.7 million consignment-goods write-off allowance that contributed to the decline in gross profit. Excluding this allowance, which the Company considers non-recurring, gross profit would have been $2.1 million and gross margin would have been 38.1%.

Operating expenses increased to $7.6 million in fiscal 2026 from $3.7 million in fiscal 2025, primarily reflecting higher consulting and general and administrative expenses. Operating loss was $7.1 million in fiscal 2026, compared with $1.6 million in fiscal 2025. Fiscal 2026 results included $1.3 million of non-cash share-based compensation.

Net other expense was $12.1 million in fiscal 2026, compared with net other income of $1.3 million in fiscal 2025. Fiscal 2026 results included $5.8 million of combined realized and unrealized digital-asset losses, a $10.7 million loss on issuance of derivatives and common stock and a $2.9 million loss on debt extinguishment. These items were partially offset by $6.6 million and $2.5 million of fair-value gains on convertible notes and derivative liabilities, respectively. Net loss in fiscal 2026 was $19.2 million, compared with $682,724 in fiscal 2025.

About GMEX Robotics

GMEX Robotics is a technology company focused on the development and commercialization of AI-powered robotics and intelligent automation solutions. The Company is advancing robotics applications across consumer, hospitality, and commercial environments, combining artificial intelligence with hardware innovation to deliver efficient and scalable automation technologies.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including market and other conditions, and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These risks and uncertainties include, among others, the Company’s ability to continue as a going concern; its ability to integrate and realize benefits from its MediaMeta investment and its AI and robotics initiatives; volatility in the value of its digital assets and investment in fund; the terms of, and potential dilution from, its convertible notes; and its ability to raise additional capital. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's annual report on Form 20-F and other filings with the Securities and Exchange Commission.

Media Contact
CORE IR & PR
press@GMEXRobotics.com
(212) 655-0924
www.GMEXRobotics.com

Investor Contact:
CoreIR
IR@GMEXRobotics.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did GMEX Robotics revenue and profitability change in fiscal 2026?

Revenue increased 7.9% to $5.6 million, while net loss widened to $17.37 million from $0.68 million in fiscal 2025. Gross margin declined to 8.6% from 39.3%, and operating loss widened to $7.1 million from $1.6 million.

What robotics order did GMEX Robotics receive in May 2026?

GMEX received an initial order valued at approximately AU$504,000 for Bon Vivant 3.0 cooking systems. The order falls under a previously announced AU$4.2 million agreement covering planned deployment of at least 50 intelligent kitchen robotics systems.

How did GMEX Robotics describe fiscal 2026 gross profit excluding its write-off allowance?

Excluding the consignment-goods write-off allowance, gross profit would have been $2.1 million and gross margin would have been 38.1%. The company considers the $1.7 million allowance non-recurring; reported gross profit was $480,590 and reported gross margin was 8.6%.

How much of GMEX Robotics fiscal 2026 revenue came from commercial customers and its own website?

Commercial customers accounted for 33.3% of fiscal 2026 revenue, while sales through the company's own e-commerce website represented approximately 63.5%, compared with 66.0% in fiscal 2025.