JX Luxventure swings to $13.8M loss in H1 2026

Revenue and gross profit were higher, while JXG reported a $13,768,979 shareholder-attributed loss and $3,180,950 net cash used in operating activities.

Available on EDGAR 11/12/2026 - 09:00 AM EST Accepted by SEC EDGAR 11/12/2026 - 09:00 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

JX Luxventure Group Inc. (JXG) reported unaudited financial results for the six months ended June 30, 2026. Revenue was $68,483,593, compared with $25,178,767 for the six months ended June 30, 2025. Gross profit was $7,812,589, versus $4,476,561.

Loss attributable to shareholders was $13,768,979, compared with profit of $1,718,122 a year earlier. Administrative expenses were $19,094,851, versus $981,106. Net cash used in operating activities was $3,180,950, compared with $1,834,188. Cash and cash equivalents were $294,633 as of June 30, 2026, versus $700,727 as of December 31, 2025. Total assets were $68,790,350 and total liabilities were $8,380,929 as of June 30, 2026. The cash-flow reconciliation included $18,289,065 in share based payment adjustments.

2 points · 0 major

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1 major · 2 points

How the balance works

Positive

• Moderate pointRevenue increased 172% to $68.48 million.
• Moderate pointGross profit increased 75%.

Negative

• Major pointShareholder-attributed results moved from $1,718,122 profit to a $13,768,979 loss.
• Moderate pointNet cash used in operating activities was $3,180,950, versus $1,834,188.

Key Figures

Revenue: $68,483,593 Gross profit: $7,812,589 Loss attributable to shareholders: $13,768,979 loss +4 more

7 metrics

Revenue $68,483,593 Six months ended June 30, 2026; $25,178,767 for the six months ended June 30, 2025.

Gross profit $7,812,589 Six months ended June 30, 2026; $4,476,561 for the six months ended June 30, 2025.

Loss attributable to shareholders $13,768,979 loss Six months ended June 30, 2026; $1,718,122 profit for the six months ended June 30, 2025.

Administrative expenses $19,094,851 Six months ended June 30, 2026; $981,106 for the six months ended June 30, 2025.

Net cash used in operating activities $3,180,950 Six months ended June 30, 2026; $1,834,188 used for the six months ended June 30, 2025.

Cash and cash equivalents $294,633 As of June 30, 2026; $700,727 as of December 31, 2025.

Total assets $68,790,350 As of June 30, 2026; $42,964,683 as of December 31, 2025.

Key Terms

Share based payment, Other comprehensive income, Weighted average shares outstanding, Right of use assets

4 terms

Share based payment financial

"Adjustments for: Share based payment"

Other comprehensive income financial

"Total other comprehensive income"

Other comprehensive income is a section of a company’s financial statements that records gains and losses not shown in the regular profit-and-loss line, such as paper gains or losses on certain investments, pension plan adjustments, and changes from converting foreign operations. These items don’t represent cash earned or spent today but change a company’s reported net worth, like value swings in things stored in a closet rather than money in your wallet, and help investors spot hidden strengths or risks to long-term financial health.

Weighted average shares outstanding financial

"Weighted average shares outstanding"

The weighted average shares outstanding is the average number of a company’s common shares that were available during a reporting period, adjusted so each change (like new shares issued or shares bought back) counts only for the portion of the period it was in effect. Investors use it to calculate per-share measures such as earnings per share, so it shows how ownership dilution or buybacks affect what each share is entitled to—like averaging how many people were at a potluck over time to determine each person’s share of the food.

Right of use assets financial

"Right of use assets"

A right-of-use asset is the value recorded on a company’s balance sheet that represents its contracted right to use a rented item—like office space, equipment, or vehicles—for a set period. Investors care because recognizing these assets (and the matching lease obligations) changes reported assets, debt levels, profitability metrics and cash-flow presentation, similar to how switching from short-term renting to showing a long-term commitment would alter a household’s financial snapshot.

FAQ

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

How much revenue did JXG report for the first half of 2026?

JXG reported revenue of $68,483,593 for the six months ended June 30, 2026, compared with $25,178,767 for the six months ended June 30, 2025. Gross profit was $7,812,589, compared with $4,476,561.

Did JXG make a profit in the first half of 2026?

JXG reported a $13,768,979 loss attributable to shareholders for the six months ended June 30, 2026, compared with profit attributable to shareholders of $1,718,122 for the same period in 2025.

What was JXG's diluted loss per share?

JXG reported diluted loss per share of common stock attributable to the Company of $1.99 for the six months ended June 30, 2026, compared with diluted profit per share of $0.33 for the six months ended June 30, 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of November 2026

Commission File Number 001-35715

JX Luxventure Group Inc.

(Translation of registrant’s name into English)

Bin Hai Da Dao No. 270

Lang Qin Wan Guo Ji Du Jia Cun Zong He Lou

Xiu Ying District

Haikou City, Hainan Province 570100

People’s Republic of China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒     Form 40-F ☐

On November 12, 2026, JX Luxventure Group Inc. (the “Company”) announced our unaudited financial results for the six (6) months ended on June 30, 2026. The Company’s unaudited interim condensed financial statements for the six months ended June 30, 2026 and 2025 are set forth below. On November 12, 2026, the Company issued a press release of the 6 months report furnished herewith as Exhibit 99.1. As of November 12, 2026, the Company had 16,859,877 shares of common stock issued and outstanding.

		As of
		June 30, 2026 USD				December 31, 2025 USD
Non-current assets
Property, plant and equipment			1,924,553				1,901,057
Collectible asset			147,087				-
Intangible assets			14,029,473				16,334,777
Equity investments at fair value through other comprehensive income			20,546,613				-
Right of use assets			655,394				4,364
Total non-current assets			37,303,120				18,240,198
Current assets
Trade receivables			929,433				-
Other receivables and prepayments			30,263,164				24,023,758
Cash and cash equivalents			294,633				700,727
Total current assets			31,487,230				24,724,485
Total assets			68,790,350				42,964,683
Current liabilities
Short-term loan			1,105,363				1,572,979
Note payable			2,120,000				2,120,000
Trade and other payables			2,470,580				6,576,217
Income tax payable			851,364				826,041
Due to related parties			1,180,066				7,226,210
Contract liability			690				205,079
Lease liabilities – current portion			140,055				4,454
Total current liabilities			7,868,118				18,530,980
Non-current liabilities
Lease liabilities – non-current portion			512,811				-
Total non-current liabilities			512,811				-
Total liabilities			8,380,929				18,530,980
Equity
Share capital			1,206				143
Series A equity interest with preferential rights			1,240,000				1,240,000
Series C equity interest with preferential rights			1,500,000				1,500,000
Series D equity interest with preferential rights			3,120,000				3,120,000
Series F equity interest with preferential rights			-				480,000
Share premium			139,912,142				94,000,824
Other reserve			6,269,108				6,269,108
Accumulated deficit			(96,103,707	)			(82,334,728	)
Other comprehensive reserve			4,470,672				158,401
Shareholders’ equity			60,409,421				24,433,748
Non-controlling interests			-				(45	)
Total equity			60,409,421				24,433,703
Total liabilities and equity			68,790,350				42,964,683

1

		For the six months ended
		June 30, 2026 USD				June 30, 2025 USD
Revenue			68,483,593				25,178,767
Cost of sales			(60,671,004	)			(20,702,206	)
Gross profit			7,812,589				4,476,561
Other income			1,335				2,291
Other losses			(6,157	)			(28,460	)
Distribution and selling expenses			(2,459,550	)			(1,731,061	)
Administrative expenses			(19,094,851	)			(981,106	)
(Loss)/profit from operations			(13,746,634	)			1,738,225
Finance costs			(22,274	)			(20,115	)
(Loss)/profit before tax			(13,768,908	)			1,718,110
Income tax expense			(71	)			-
(Loss)/profit for the period			(13,768,979	)			1,718,110
Non-controlling interest			-				12
(Loss)/profit attributed to shareholders			(13,768,979	)			1,718,122
Other comprehensive income/(loss)
Gain on revaluation of equity investment at fair value through other comprehensive income			3,263,897				-
Currency translation differences			1,048,374				(36,892	)
Total other comprehensive income			4,312,271				(36,892	)
Total comprehensive (loss)/ income for the period			(9,456,708	)			1,681,230
(Loss)/profit per share of common stock attributable to the Company
Basic			(1.99	)			0.47
Diluted			(1.99	)			0.33
Weighted average shares outstanding:
Basic			6,916,052				3,663,880
Diluted			6,921,102				5,164,630

2

		For the six months ended
		June 30, 2026 USD				June 30, 2025 USD
OPERATING ACTIVITIES
(Loss)/profit for the period			(13,768,979	)			1,718,110
Adjustments for:
Share based payment			18,289,065				-
Finance cost			22,274				20,115
Interest income			(121	)			(56	)
Depreciation of property, plant and equipment			34,390				130,981
Amortization of intangible assets			2,971,582				2,148,305
Amortization of right of use assets			75,654				18,682
Loss on disposal of property, plant and equipment			-				28,460
Operating cash flows before movements in working capital			7,623,865				3,902,183
Increase in trade and other receivables			(6,364,689	)			(5,137,245	)
Decrease in trade and other payables			(4,466,287	)			(773,310	)
Increase in income tax payable			26,161				11,770
NET CASH USED IN OPERATING ACTIVITIES			(3,180,950	)			(1,834,188	)
INVESTING ACTIVITIES
Purchase of collectible assets			(145,430	)			-
Interest received			121				56
Proceeds on disposal of property, plant and equipment			-				19,028
NET CASH (used in)/GENERATED FROM INVESTING ACTIVITIES			(145,309	)			19,084
FINANCING ACTIVITIES
Proceeds on new bank loans			-				1,516,696
Repayment of bank loans			(510,026	)			(1,654,578	)
Interest paid			(22,274	)			(20,115	)
Advance from related party			3,714,600				1,049,998
Repayment of lease liability			(78,243	)			(18,645	)
NET CASH GENERATED FROM FINANCING ACTIVITIES			3,104,057				873,356
NET DECREASE IN CASH AND CASH EQUIVALENTS			(222,202	)			(941,748	)
Effects of foreign currency translation			(183,892	)			(17,219	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD			700,727				1,184,456
CASH AND CASH EQUIVALENTS AT END OF PERIOD			294,633				225,489

3

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release

4

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 12, 2026	JX Luxventure Group Inc.
	By:	/s/ Sun Lei
		Sun Lei
		Chief Executive Officer

5

Exhibit 99.1

JXG FIRST HALF YEAR FINANCIAL REPORT 2026

HAIKOU, China, November 12, 2026 /PRNewswire/ -- JX Luxventure Group Inc. (Nasdaq: JXG) (the “Company”), a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products, today announced its financial results for the six months ended June 30, 2026.

Six Months 2026 Highlights

● Revenue: The Company achieved revenue of $68,483,593, which represents an increase of $43,304,826 or 172% from the revenue of $25,178,767 in 2025.

● Gross Profit: The Company recorded a gross profit of $7,812,589, which represents an increase of $3,336,028 or 75% from the gross profit of $4,476,561 in 2025.

● Balance Sheet Strength: Total assets increased 60% to $68,790,350, from $42,964,683 as of December 31, 2025 while shareholders’ equity rose 147% to $60,409,421, from $24,433,748 as of December 31, 2025.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company, commented: “We are pleased with our operational momentum and financial performance during the first half of 2026, highlighted by a 172% increase in revenue to $68.48 million and a 75% increase in gross profit. These results validate that the strategic roadmap we set in motion in 2025   is actively working and scaling our business effectively. With our total assets expanding to over $68 million and our balance sheet strengthened, we look forward to continuing executing our long-term strategy and delivering compounding, sustainable value to our shareholders.”

About JX Luxventure Group Inc.

Headquartered in Haikou, China, JX Luxventure Group Inc. is a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products. To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Group Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT: Jessica Rhodes ir@jxluxventure.com 

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 6.9 KB