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Alset AI Ventures Reports Fiscal Q3 2026 Results, Including $4.1 Million Unrealized, Non-Cash <a href="https://bitcomme.com/industrial-investment-growth-stands-out-in-cre-recovery/” title=”Industrial Investment Growth Stands Out in CRE Recovery”>Investment Gain
Non-cash revaluation of Lyken.AI drives $3.6 million in quarterly comprehensive income as total assets increase 82.7% to $9.4 million
VANCOUVER, BC /ACCESS Newswire/ August 31, 2026 /Alset AI Ventures Inc. (TSXV:GPUS)(OTCQB:GPUSF)(FSE:1R61, WKN:A40M0J) (“Alset AI”, “Alset” or the “Company”), an investment issuer focused on the technology industry, including artificial intelligence (“AI”), is pleased to report its unaudited financial results for the three and nine months ended June 30, 2026 (“Fiscal Q3 2026”). All amounts in this release are expressed in Canadian dollars unless otherwise indicated. The condensed interim financial statements were prepared by management in accordance with IFRS applicable to interim financial reporting and have not been reviewed by the Company’s auditor.
Alset reported income and comprehensive income of $3,606,599 for Fiscal Q3 2026, compared with a loss and comprehensive loss of $4,288,289 in the same quarter of the prior year. The result was driven by a $4,109,577 net investment gain, consisting primarily of unrealized fair value increases in the Company’s investment portfolio, together with a 59.6% year-over-year reduction in quarterly general expenses.
“Fiscal Q3 reflects the value creation achieved within our investment portfolio, particularly at Lyken.AI,” said Adam Ingrao, Chief Executive Officer of Alset AI. “The increase in Lyken.AI’s carrying value was derived from pricing established through a third-party transaction with FingerMotion that subsequently closed after quarter-end. Together with lower quarterly general expenses, the portfolio revaluation contributed to $3.6 million of comprehensive income and a 68% increase in shareholders’ equity since fiscal year-end. We remain focused on actively managing our portfolio, supporting the growth of our investee companies and pursuing opportunities capable of creating long-term value for Alset shareholders.”
Fiscal Q3 2026 Financial Highlights
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Income and comprehensive income was $3.61 million, or $0.20 per basic share and $0.19 per diluted share, compared with a loss and comprehensive loss of $4.29 million, or $0.29 per basic and diluted share, in Fiscal Q3 2025.
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Net investment gain was $4.11 million, compared with a net investment loss of $2.91 million in the comparative quarter. This gain is unrealized and non-cash, and generated no cash proceeds to the Company. The net change in unrealized gains on investments was $4.14 million, driven almost entirely by a $4.14 million unrealized, non-cash increase in the carrying value of the Company’s investment in Lyken.AI, based on pricing from a third-party transaction that closed after quarter-end. The carrying value is based on unaudited management estimates and has not been reviewed or confirmed by the Company’s auditors. There is no assurance that the Company will be able to realize on its investment at the carrying value, or at all, and the amount ultimately realized may be materially less than the carrying value.
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General expenses decreased 59.6% to $526,405 from $1,301,831, reflecting lower consulting and management fees, investor relations and marketing costs, office costs and professional fees, partly offset by share-based payments.
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During the quarter, the Company acquired a $1.31 million Chaco Minerals convertible debenture in exchange for $1.30 million of loans receivable from Lyken.AI; no cash was received.
