Hong Kong – September 19, 2026 -- Marvion Inc. (OTCQB: MVNC) reported first-half 2026 revenue of $1.86 million, up 21% from $1.53 million a year earlier, alongside a 62% increase in gross profit to $1.02 million, according to the Company's Form 10-Q for the six months ended June 30, 2026.
Operating income more than tripled to $286,524 in the first half
Income from operations rose from $85,430 in the first six months of 2025 to $286,524 in the same period of 2026. Net income for the period reached $174,891, compared with $114,778 a year earlier.
Second-quarter gross profit climbs 78% on 18% revenue growth
For the three months ended June 30, 2026, revenue totaled $1.05 million versus $889,768 in the prior-year quarter. Gross profit increased to $544,812 from $305,890, while operating income rose to $166,558 from $23,190. The Company reported quarterly net income of $97,282.
Procurement business adds $173,257 in revenue since its April launch
Marvion's revenue mix for the first half of 2026 comprised $893,398 from logistics services, $688,374 from warehousing, $173,257 from newly launched procurement and trading activities, and $102,142 from financial consulting. The procurement segment, which began generating revenue in April 2026, marks the Company's entry into a fourth revenue channel alongside its established logistics and warehousing operations.
Net operating cash flow surges 317% year over year
Marvion generated $512,412 in net cash from operating activities during the first half of 2026, up from $122,894 in the same period of 2025. Chief Executive Officer and Chief Financial Officer Chan Sze Yu said the Company is "encouraged not only by the continued growth in revenue, but more importantly by the substantial improvement in gross profit, operating income and operating cash flow."
Company discloses $3.89 million working capital deficit and going-concern uncertainty
Marvion reported cash and cash equivalents of $669,547 as of June 30, 2026, against a working capital deficit of approximately $3.89 million. The Company disclosed a going-concern uncertainty in its 10-Q, stating that continued shareholder support, external financing and fundraising activities remain necessary to meet its obligations. Management said it is actively evaluating financing alternatives while working to improve profitability and operating cash flow.
Marvion operates through subsidiaries United Warehouse Management Corp., KSK Logistics Limited and Propose Enterprise Limited, all generating revenue in Hong Kong.