• Revenue stable YoY at $4.43m
• Net loss reduced by $620k (26% improvement)
• U.S. now largest revenue market as of Q2FY26 accounting for 51% of revenue, 45% for H1FY26
• B2B ingredients gaining traction

The Calmer Co. International Ltd. has reported its half-year results for the six months ended 31 December 2025 (H1 FY26). Revenue was stable year-over-year at $4.43m, while the net loss was reduced by $620k (26% improvement) compared to the prior corresponding period. The company achieved two consecutive $2m+ revenue quarters and saw the U.S. market become its largest revenue contributor, accounting for 51% of revenue in Q2FY26 and 45% for the half-year. The B2B ingredients business also gained traction during the period. Operationally, the company focused on improving earnings quality, strengthening margins, tightening cost control, and investing selectively in higher-quality revenue streams, particularly within the B2B and ingredients platform. The progress made, along with subsequent contracted revenue secured post-period, has provided increased confidence in the durability and visibility of the company's growth strategy. Moving forward, the priorities remain continued execution in the United States, disciplined working capital management, and conversion of scale into operating leverage.

The company reported an operating cash outflow of $1.24m for H1 FY26. It has a cash balance of $1.06m at the end of the period and recently completed a $1.4m convertible notes funding round to support channel growth and inventory build.

The company remains focused on the U.S. market, where it sees a clearer regulatory framework. The B2B ingredients business is expected to continue scaling, and the company will maintain its focus on operating leverage and capital discipline as it progresses toward sustainable cash-flow breakeven.