Baiya International Group Reports First Half Fiscal Year 2026 Results

SHENZHEN, China, Sept. 29, 2026 /CourierPR/ -- Baiya International Group Inc., an HR technology company focusing on the full lifecycle management of freelance talent, reported its financial results for the first half of fiscal year 2026, ending June 30, 2026. The company generated net revenues of $0.8 million, primarily from its intelligent matching and SaaS platform services, which contributed $0.7 million. The remainder of the revenue, $69,243, came from business management and information system consulting services.

Operating expenses decreased by 31.6% to $3.5 million, compared to $5.1 million in the same period last year. This reduction helped narrow the net loss attributable to common shareholders to $2.4 million from $4.8 million for the same period last year. The gross profit for the first half of fiscal year 2026 was $77,498, a significant improvement from the nil reported for the same period last year.

Breaking down the expenses, selling expenses were $0.4 million, an 8.7% increase from $0.3 million in the same period last year. This rise was mainly due to an increase in advertising and promotion expenses by $83,333, which was partly offset by a $52,714 decrease in meal and entertainment expenses. General and administrative expenses decreased to $3.2 million, a 34.3% reduction from $4.8 million in the same period last year. The decrease was primarily attributed to a decrease in consulting and professional service fees by $1.0 million, a reduction in telecom service expenses by $0.8 million, and an increase in payroll expenses by $85,351, along with an increase in stock compensation expense by $51,559 and other expenses by $51,424.

The company also noted that its net loss from discontinued operations was $0.9 million, compared to $0.4 million for the same period last year. This contributed to the overall net loss of $2.4 million, down from $4.8 million in the previous year. The basic and diluted net loss per common share was $0.54 for the first half of fiscal year 2026, compared to $96.15 for the same period last year.

As of June 30, 2026, the company had cash reserves of $1.2 million, up from $0.6 million as of December 31, 2025. The net cash used in operating activities for the first half of fiscal year 2026 was $0.2 million, a significant decrease from $6.4 million for the same period last year. The net cash used in investing activities was $4.6 million, compared to $2.3 million for the same period last year. The net cash provided by financing activities was $3.8 million, down from $7.9 million for the same period last year.

Baiya International Group Inc. operates an intelligent SaaS-enabled new economy human capital platform, providing precise matching services between enterprise clients and freelancers, along with standardized management tools and workflows. The company's services span multiple vertical sectors, including gaming and esports, online education, home appliance repair, and content e-commerce.