Garden Stage Ltd. (Nasdaq: GSIW) reported its unaudited financial results for the first half of fiscal year 2026, covering the six months ended September 30, 2025. The company posted total revenues of USD 0.8 million for the period, with advisory fees accounting for USD 0.2 million and brokerage commissions at USD 0.6 million. Net loss for the first half of fiscal year 2026 was USD 6.5 million. Share-based awards totaled USD 5.9 million for the period. As of September 30, 2025, total shareholders’ equity stood at USD 19.9 million, while accumulated deficit was USD 15.5 million. The weighted average number of ordinary shares outstanding during the period was 57.5 million. Garden Stage Ltd. operates through its Hong Kong entities, providing securities dealing and brokerage, underwriting and placement, and other financial services in Hong Kong and China.

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