--- title: "Abundia Global Impact | 10-Q: FY2026 Q1 Revenue: USD 132.97 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/285729856.md" datetime: "2026-05-08T13:03:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285729856.md) - [en](https://longbridge.com/en/news/285729856.md) - [zh-HK](https://longbridge.com/zh-HK/news/285729856.md) --- # Abundia Global Impact | 10-Q: FY2026 Q1 Revenue: USD 132.97 K Revenue: As of FY2026 Q1, the actual value is USD 132.97 K. EPS: As of FY2026 Q1, the actual value is USD -0.13. EBIT: As of FY2026 Q1, the actual value is USD -5.047 M. ### Segmented Financial Metrics #### Oil and Gas (O&G) Segment - **Revenue**: Abundia Global Impact Group Inc. reported revenue of $132,965 for the three months ended March 31, 2026, with no revenue generated for the three months ended March 31, 2025 . - **Segment Expense**: Oil and gas lease operating expenses and severance tax were $125,662 for the three months ended March 31, 2026, with no such expenses incurred for the prior year period . - **Adjusted Segment Operating Income (Loss)**: The segment reported an adjusted operating income of $7,303 for the three months ended March 31, 2026, compared to no adjusted segment operating loss for the three months ended March 31, 2025 . - **Depreciation, Depletion and Amortization**: This expense was $64,749 for the three months ended March 31, 2026, with no such expense reported for the three months ended March 31, 2025 . - **Loss before Income Taxes**: The segment incurred a loss before income taxes of - $57,446 for the three months ended March 31, 2026, with no loss reported for the three months ended March 31, 2025 . - **Assets**: Total assets were $759,743 as of March 31, 2026, a decrease from $794,963 as of December 31, 2025 . #### Renewables Segment - **Revenue**: No revenue was generated by this segment for the three months ended March 31, 2026, or March 31, 2025, as it is in the pre-revenue stage . - **Segment Expense**: General and administrative expenses were $4,582,553 for the three months ended March 31, 2026, compared to $992,599 for the three months ended March 31, 2025 . Research and development costs decreased to $208,787 for the three months ended March 31, 2026, from $607,368 for the same period in 2025 . - **Adjusted Segment Operating Loss**: The adjusted segment operating loss was - $4,791,340 for the three months ended March 31, 2026, an increase from - $1,599,967 for the three months ended March 31, 2025 . - **Depreciation, Depletion and Amortization**: This expense was $5,453 for the three months ended March 31, 2026, up from $4,218 for the three months ended March 31, 2025 . - **Write off of application costs incurred on abandoned patent applications**: Costs of $283,927 were reported for the three months ended March 31, 2026, with no such costs in the prior year period . - **Interest Expense**: Interest expense was $158,985 for the three months ended March 31, 2026, compared to $98,630 for the three months ended March 31, 2025 . - **Interest Income**: Interest income was - $67,564 for the three months ended March 31, 2026, with no interest income reported for the prior year period . - **Grant Income**: No grant income was reported for the three months ended March 31, 2026, compared to - $691,207 for the three months ended March 31, 2025, as the grant term completed on March 31, 2025 . - **Changes in Fair Value of Warrant Liability**: No changes were reported for the three months ended March 31, 2026, compared to $5,453 for the three months ended March 31, 2025 . - **Foreign Currency Gain**: A foreign currency gain of - $483 was reported for the three months ended March 31, 2026, compared to - $6,449 for the three months ended March 31, 2025 . - **Loss before Income Taxes**: The loss before income taxes was - $5,171,658 for the three months ended March 31, 2026, an increase from - $1,010,612 for the three months ended March 31, 2025 . - **Assets**: Total assets were $44,865,783 as of March 31, 2026, up from $31,060,466 as of December 31, 2025 . #### Consolidated Operational Metrics - **Net Loss**: Abundia Global Impact Group Inc. reported a net loss of - $5,229,104 for the three months ended March 31, 2026, compared to - $1,010,612 for the three months ended March 31, 2025 . - **Comprehensive Loss**: The comprehensive loss was - $5,182,758 for the three months ended March 31, 2026, compared to - $1,023,315 for the three months ended March 31, 2025 . - **Basic and Diluted Loss per Common Share**: The loss per common share was - $0.13 for the three months ended March 31, 2026, compared to - $0.03 for the three months ended March 31, 2025 . - **Weighted Average Number of Common Shares Outstanding**: This increased to 40,012,656 for the three months ended March 31, 2026, from 31,778,032 for the three months ended March 31, 2025 . #### Cash Flow - **Net Cash Used in Operating Activities**: Net cash used in operating activities increased to - $3,759,807 for the three months ended March 31, 2026, from - $1,121,444 for the three months ended March 31, 2025 . - **Net Cash Used in Investing Activities**: Net cash used in investing activities was - $1,765,091 for the three months ended March 31, 2026, compared to - $217,639 for the prior year period, primarily due to construction in progress at the Baytown site . - **Net Cash Provided by Financing Activities**: Net cash provided by financing activities significantly increased to $17,059,097 for the three months ended March 31, 2026, from $1,185,000 for the three months ended March 31, 2025, mainly due to a registered direct offering in February 2026 . - **Cash, End of Period**: Cash at the end of the period was $16,199,166 as of March 31, 2026, compared to $359,572 as of March 31, 2025 . #### Unique Metrics - **Working Capital**: Working capital improved to $6,604,935 as of March 31, 2026, from - $1,043,785 as of December 31, 2025 . - **Property and Equipment, Net**: Property and equipment, net, increased to $12,559,633 as of March 31, 2026, from $9,945,721 as of December 31, 2025, with construction in progress totaling $3,309,491 for the first plastics recycling plant, scheduled for completion by June 30, 2026 . - **Capitalized Patents, Net**: Capitalized patents, net, were $1,203,198 as of March 31, 2026, down from $1,398,295 as of December 31, 2025 . Amortization expense for granted patents was $5,453 and $3,922 for the three months ended March 31, 2026, and 2025, respectively . - **Long-Term Liabilities**: Long-term liabilities decreased to $173,088 as of March 31, 2026, from $6,439,464 as of December 31, 2025, primarily due to the reclassification of the AGIG Convertible Note to a short-term liability . - **Equity Compensation**: Stock-based compensation costs were $211,123 for the three months ended March 31, 2026 . Unrecognized stock-based compensation expense related to stock options was $67,084 as of March 31, 2026, to be recognized over 0.33 years . ### Future Outlook and Strategy Abundia Global Impact Group Inc. plans to maintain its existing oil and gas assets but will focus all capital investment and management efforts on its recycling and renewables business . The Renewables segment, currently in a pre-revenue stage, will require substantial additional funding for operations and growth, which is anticipated to be sourced through public or private equity offerings, debt financings, and potential collaboration agreements . The company recently acquired RPD Technologies Americas, LLC, a project development and engineering services firm, to enhance its capabilities in the refining, petrochemical, and renewable energy sectors, with integration planning underway . ### Related Stocks - [AGIG.US](https://longbridge.com/en/quote/AGIG.US.md) ## Related News & Research - [Insider Buying: Houston American Energy (NYSEAMERICAN:AGIG) CEO Purchases 13,000 Shares of Stock](https://longbridge.com/en/news/286568255.md) - [Abundia Global Impact Group Acquires RPD Technologies Americas for $4.04M Via Secured Convertible Note](https://longbridge.com/en/news/281525025.md) - [Média 6 buyout offer price rises to EUR 9.89 per share](https://longbridge.com/en/news/287248587.md) - [Q4 results, dividend announcement lift IRB Infrastructure shares by 13%](https://longbridge.com/en/news/287193294.md) - [Bill Ackman now has $13 billion in just 11 stocks](https://longbridge.com/en/news/286972743.md)