Revenue Increased 8.0%
Average Daily Shipments Increased 44%
Healthy Balance Sheet Supports Long-Term Strategic Initiatives
PERTH, Australia, July 14, 2026 (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) ("Globavend" or the "Company"), an emerging cross-border e-commerce logistics provider, today announced its unaudited financial results for the six months ended March 31, 2026.
Globavend delivered continued revenue growth during the first half of fiscal 2026, with total revenue increasing 8.0% year-over-year to US$14.8 million. The increase was supported by higher shipment volumes across both its integrated cross-border logistics and air freight forwarding businesses, reflecting continued customer demand across the Company's core markets.
Globavend also maintained a strong financial position, ending the period with approximately US$7.1 million in cash and cash equivalents, US$9.1 million in working capital and US$10.4 million in shareholders' equity. The Company believes its strong liquidity and balance sheet provide financial flexibility to support continued investment in its business while pursuing disciplined long-term strategic objectives.
The financial results announced today reflect the Company's logistics operations for the six months ended March 31, 2026. Strategic initiatives completed following the end of the reporting period, including previously announced corporate developments, are not reflected in the financial results presented in this release.
First Half Fiscal 2026 Financial Highlights
Revenue increased 8.0% to US$14.8 million, compared with US$13.7 million in the corresponding prior-year period
Integrated cross-border logistics services revenue increased 5.9% to US$13.5 million
Air freight forwarding services revenue increased 35.2% to US$1.3 million
Average daily package volume increased approximately 14% year-over-year
Average daily freight weight increased approximately 36% year-over-year
Average daily shipments increased approximately 44% year-over-year
Cash and cash equivalents totalled approximately US$7.1 million as of March 31, 2026
Working capital increased to approximately US$9.1 million
Shareholders' equity totalled approximately US$10.4 million
Chairman's Commentary
Kai Man Fung, Chairman of Globavend, commented:
"Our first half fiscal 2026 results demonstrate the resilience of our logistics business, which continued to deliver revenue growth despite a challenging operating environment characterized by higher freight costs and increased operating expenses.