Guardforce AI Reports Strong Growth in AI and Logistics Sectors
News related to:Guardforce AI Co., Limited · 3 min read
NEW YORK, Sept. 23, 2026 /CourierPR/ -- Guardforce AI Co., Limited reported its interim financial results for the first half of 2026 (1H 2026), ended June 30, 2026. The company continued to make significant strides in developing AI, Robotics-as-a-Service (RaaS), and smart solutions while maintaining its established position in legacy secured logistics.
In the first half of 2026, Guardforce AI expanded its AI-powered cross-border service intelligence connection platform, DeepVoyage Go (DVGO), by establishing partnerships with service providers in Canada, China, and Taiwan. This move initiated business footprint expansion in both Asia and North America. The company also launched DVGO Workbuddy, an AI agent that helps service providers structure and list their service capabilities, making them more discoverable and matchable.
Guardforce AI further extended its Smart Retail Solutions partnership with a renowned sportswear brand, adding six more store installations in 2026 and 2027. Additionally, the company acquired MGAI Limited in March 2026, extending AI for service implementation in the child education field. This acquisition led to the launch of new autism intervention AI modules in collaboration with Zhongmi Interconnection, an AI-driven technology company focusing on the rehabilitation of children with special needs, including autism.
In the legacy secured logistics sector, Guardforce AI maintained approximately 97% recurring revenue. The company consolidated its upcountry presence in Thailand by winning new contracts from a government-owned bank, adding hundreds of ATM location services under long-term contracts. The client mix transformation strategy saw approximately 14 retail clients among the top 20 clients.
Financially, total revenue for the first half of 2026 increased by $1.1 million, or 6.4%, compared to the first half of 2025. The AI, RaaS & Smart Solutions metric, which accounted for 13.9% of total revenue in 1H 2026, grew by 10.8% compared to 1H 2025, mainly due to increased demand by retail customers for Smart Solutions and acquired revenue from MGAI. Legacy Secured Logistics, which accounted for 86.1% of total revenue in 1H 2026, grew by 5.8% compared to 1H 2025, mainly due to the growth of the company’s retail-focused service lines and upcountry business expansion strategy in Thailand and favorable foreign exchange translation.
Gross profit decreased by $6,003, or 0.2%, for 1H 2026, compared to 1H 2025, as a result of an increase in labor and fuel costs. Selling, general, and administrative expenses increased by approximately $1.0 million, to approximately $5.2 million, compared to approximately $4.2 million for 1H 2025. This increase was mainly due to a non-recurring tax-related charge of approximately $1.0 million incurred in 1H 2026. As a result, net loss from continuing operations widened to $3.1 million, compared to a net loss from continuing operations of $2.0 million for 1H 2025. Research and development (R&D) expense was approximately $0.4 million in 1H 2026, accounting for 13.6% of the company’s total budgeted R&D expense for 2026.
As of June 30, 2026, and December 31, 2025, the company had cash and cash equivalents of approximately $21.3 million and $24.5 million, respectively.
Looking ahead, Guardforce AI will remain focused on deepening the value of its operating footprint and customer relationships in Thailand, further refining Smart Solutions, and directing targeted resources toward industry collaboration and technology development for DVGO. The company aims to convert these initiatives into measurable commercial and operational progress while building the capabilities required for its longer-term AI for Service opportunity. Through disciplined execution and focused investment, Guardforce AI aims to create sustainable long-term value for its customers, partners, and shareholders.