GLG Life Tech Q2 loss widens to $6.1M

GLG Life Tech reported a Q2 FY26 net loss of $6.1 million as revenues declined about 19% year over year to $2.3 million, driven by competitive pricing in its stevia and monk fruit markets. Despite a stronger gross margin of 22% for the quarter, up seven percentage points from a year ago, the improvement was not enough to overcome higher financing costs and non-operating expenses. For the first half of FY26, revenues fell 23% to $4.7 million, with gross profit margins at 17% versus 15% a year earlier, while SG&A expenses remained flat. The company’s results reflect a divergence between stabilizing operating cash flow and ongoing debt-related costs, including a substantial absence of a one-time gain from the Runhai subsidiary that benefited the prior year’s results. Management attributed the bottom-line weakness to non-recurring items and ongoing competitive price pressure, despite positive signals from improving operating efficiency. A number of outlets summarized the results, noting the EPS of about negative $0.12 for the quarter and underscoring GLG Life Tech’s focus on natural sweeteners and its debt-heavy balance sheet.