Apple Isports net loss narrows to $385,221 in Q1 FY26

APPLE ISPORTS GROUP INC

APPLE ISPORTS GROUP INC

AAPI

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  • Apple Isports Group posted a net loss of USD 385,221 for the quarter ended March 31, 2026, narrowing from a net loss of USD 3.19 million a year earlier.
  • Revenue was unchanged at no revenue, while operating expenses plunged 86% to USD 437,119.
  • Interest expense attributable to related-party debt, net of interest income, climbed to USD 21,663 from USD 8,981.
  • Working capital deficit widened to USD 6.21 million at March 31, 2026 from USD 5.9 million at Dec. 31, 2025, while net cash used in operating activities eased to USD 173,360 from USD 477,365.
  • The company closed its Melbourne office and dropped plans for an Australian sportsbook, shifting toward a B2B model; it also entered a joint venture and license agreement with AIC Enterprises to use the appleicasino.com crypto gaming platform.


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. Apple Isports Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-003393), on May 21, 2026, and is solely responsible for the information contained therein.