DirectBooking net loss widens 90.4% to USD 13.29 million in FY26; revenue drops 53.6% to USD 8.94 million

Reuters2026/08/17 15:57

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DirectBooking posted a net loss of USD 13.29 million, widening 90.4% from the prior fiscal year.
Revenue fell 53.6% to USD 8.94 million, reflecting a sharp drop in transportation services and construction works.
Results swung to a gross loss of USD 1.92 million from gross profit, with gross margin down 30.2 percentage points to -21.5%.
General and administrative expenses rose 33.5% to USD 11.81 million, driven by higher credit loss provisions and legal fees.
Cash ended at USD 130,184; investing outflows totaled USD 12.24 million on prepayments tied to a terminated Wangmao investment.

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. DirectBooking Technology 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: 0001493152-26-038674), on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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DirectBooking net loss widens 90.4% to USD 13.29 million in FY26; revenue drops 53.6% to USD 8.94 million

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