• J-Star Holding management commentary reported a USD 1.57 million net loss for the six months ended June 30, 2026.
• Management attributed the earnings reversal primarily to approximately USD 1.1 million in share-based compensation, which increased administrative expenses.
• Revenue fell 36.1% to USD 6.77 million, driven by reduced bicycle component sales and the expiration of two service contracts.
• Gross margin narrowed to 14.2% from 26.9%, primarily reflecting the loss of higher-margin service revenue.
• Racket revenue rose 6.7% to USD 6.05 million as management redirected capital toward higher-demand products, lifting rackets’ revenue contribution to 89.4%.

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. J-Star Holding Co. Ltd. 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: 0001493152-26-048697), on October 27, 2026, and is solely responsible for the information contained therein.