JX Energy Q1 FY26 loss narrows to C$ 523,332; revenue rises to C$ 3.04 million

• JX Energy posted a net loss of C$523,332 for the three months ended March 31, 2026, narrowing from a net loss of C$3.58 million a year earlier.
• Revenue rose to C$3.04 million from C$2.91 million, while operating income swung to C$162,260 from an operating loss of C$2.56 million.
• Finance costs increased to C$1.19 million from C$1.02 million, including C$665,912 of accretion expense on long-term payable.
• Cash and cash equivalents edged up to C$102,597 at March 31, 2026 from C$83,758 at Dec. 31, 2025, while current liabilities remained well above current assets, leaving a working capital deficit of C$16.89 million.
• Completed share settlements on March 2, 2026 included about US$1.08 million of convertible debentures and about C$11.33 million of shareholder loans and long-term payables; entered agreements on Jan. 22, 2026 to defer certain gas handling and compression charges for two years starting Jan. 1, 2026.

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. JX Energy Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260515-12160240), on May 15, 2026, and is solely responsible for the information contained therein.