Shenzhen, China, September 29, 2026 / PRNewswire / -- Baiya International Group Inc. ("Baiya" or "the Company") (Nasdaq ticker: BIYA) is a human resources ("HR") technology company that operates a new economy human capital platform empowered by intelligent SaaS, focusing on the full lifecycle management of freelance talent. The company today announced its unaudited financial results for the first half of fiscal year 2026, as of June 30, 2026.

Baiya CEO Lin Xijie ( Linxi Xie ) stated: "The first half of 2026 was a period of transformation for Baiya. We began to generate revenue from new business lines and continued to streamline our operations. Our ongoing operations achieved net income of $800,000, mainly from intelligent matching and SaaS platform services, which contributed $700,000, with the remainder coming from business management and information system consulting services. At the same time, total operating expenses decreased by 31.6% to $3.5 million, helping to narrow the net loss attributable to common shareholders to $2.4 million, compared to $4.8 million in the same period last year. During this time, we also completed the disposal of Jingxing Investment Group (Hong Kong) Limited and its related businesses, which is part of our ongoing efforts to enhance profitability and support sustainable growth. Looking ahead, we plan to further develop the new economic human capital platform empowered by intelligent SaaS, strengthen our service capabilities, and continue to build on the momentum of our new business lines, with the goal of creating long-term value for shareholders."

2026 First Half Financial Summary

• In the first half of fiscal year 2026, the net income from ongoing operations was 800,000 US dollars, compared to zero during the same period last year.
• In the first half of fiscal year 2026, the gross profit was $77,498, compared to zero during the same period last year.
• In the first half of fiscal year 2026, the net loss attributable to Baiya was 2.4 million US dollars, compared to 4.8 million US dollars in the same period last year.
• In the first half of fiscal year 2026, the basic and diluted net loss per share was $0.54, compared to $96.15 in the same period last year.

Financial Performance for the First Half of 2026

Net Income

Net income for the first half of fiscal year 2026 was 800,000 US dollars, compared to zero during the same period last year.

• Intelligent matching and SaaS platform service revenue amounted to $700,000 in the first half of fiscal year 2026. The company commenced this business in 2026; no related revenue was generated during the same period last year.
• Revenue from business management and information system consulting services amounted to $69,243. The company commenced this business in 2026; no related revenue was generated during the same period last year.

Revenue and Cost

The total revenue and costs for the first half of fiscal year 2026 were 700,000 US dollars, compared to zero during the same period last year.

Gross Profit

In the first half of fiscal year 2026, the gross profit was $77,498, compared to zero during the same period last year.

• The gross profit from intelligent matching and SaaS platform services in the first half of the fiscal year 2026 was $43,915. The company commenced this business in 2026; no relevant gross profit was generated during the same period last year.
• The gross profit from business management and information system consulting services was $33,583. The company commenced this business in 2026; no relevant gross profit was generated during the same period last year.

Operating Expenses

In the first half of fiscal year 2026, total operating expenses amounted to $3.5 million, which represents a decrease of 31.6% compared to $5.1 million in the same period last year. The change was mainly due to a reduction in general and administrative expenses by $1.7 million, however, this was partially offset by an increase in selling expenses of $28,646.

• In the first half of fiscal year 2026, sales expenses amounted to $400,000, an increase of 8.7% compared to $300,000 in the same period last year. The increase was mainly due to a rise in advertising and promotional expenses by $83,333, however, this was partially offset by a decrease in catering and entertainment expenses of $52,714.
• In the first half of fiscal year 2026, general and administrative expenses amounted to $3.2 million, which represents a decrease of 34.3% compared to $4.8 million in the same period last year. The decline was mainly due to a reduction of $1 million in consulting and professional service fees, which primarily included legal fees, professional management fees, stock transfer agency fees, auditing and accounting fees, and human resources service fees; telecommunications service fees also decreased by $800,000. However, this was offset in part by an increase of $85,351 in salary expenditures, $51,559 in stock-based compensation expenses, and $51,424 in other expenses.

Net income from termination of business operations

The net income from terminating operations in the first half of fiscal year 2026 was 900,000 US dollars, compared to 400,000 US dollars in the same period last year.

Net loss attributable to Baiya

In the first half of fiscal year 2026, the net loss attributable to common shareholders was $2.4 million, compared to $4.8 million in the same period last year. The net loss decreased by $2.3 million, mainly due to an increase in gross profit of $77,498, a reduction in operating expenses of $1.6 million, an increase in other income of $100,000, and an increase in net income attributable to the company from discontinued operations of $500,000; however, this was partially offset by income tax expenses of $127 and an increase in net income attributable to non-controlling interests in continuing operations of $2,909.

Basic and Diluted Net Loss per Share

In the first half of fiscal year 2026, the basic and diluted net loss per share was $0.54, compared to $96.15 in the same period last year.

Financial Condition

As of June 30, 2026, the company held $1.2 million in cash, an increase from $600,000 as of December 31, 2025.

In the first half of fiscal year 2026, the net cash used for operating activities was 200,000 US dollars, compared to 6.4 million US dollars in the same period last year.

In the first half of fiscal year 2026, the net cash used for investment activities was 4.6 million US dollars, compared to 2.3 million US dollars in the same period last year.

In the first half of fiscal year 2026, financing activities provided net cash of $3.8 million, compared to $7.9 million in the same period last year.

Regarding Baiya International Group Inc.

Baiya International Group Inc is a HR technology company that operates a new economy human capital platform empowered by intelligent SaaS. The platform focuses on the full lifecycle management of freelance professionals. Through its online intelligent matching system, Baiya provides precise matchmaking services between corporate clients and freelancers, as well as standardized management tools and work processes. Its business covers multiple vertical sectors, including gaming and esports, online education, home appliance repair, and content e-commerce. For more information, please visit the company's website: https:// www.baiyainc.com / investors-overview.

Warning Note on Forward-Looking Statements

This press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended). As a foreign private issuer, the company may rely on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 to the extent applicable. Except for historical fact statements, all other statements are forward-looking statements, including but not limited to statements regarding the company's plans, growth initiatives, objectives, strategies, future events or expected performance, and the underlying assumptions thereof. In some cases, forward-looking statements may be identified by words such as "may", "will", "shall", "expected", "plan", "anticipate", "believe", "estimate", "predict", "potential", "intend", "seek", "aim to", or "continue", or their negative forms or similar expressions. The forward-looking statements in this press release include, but are not limited to: the company's ability to continue as a going concern and management's plans to increase revenue and seek additional financing; expectations regarding the company's holdings of digital assets, including the fair value of such holdings and potential volatility; expected recovery of accounts receivable; the company's plans to further develop a new economic human capital platform empowered by SaaS; the impact of Chinese government regulations, foreign exchange controls, and tax policies on the company's business and operating results; and the company's ability to carry out its business and strategic initiatives.These forward-looking statements involve known and unknown risks and uncertainties, which may result in significant differences between actual results and the statements. These include, but are not limited to: significant uncertainties regarding the company's ability to continue as a going concern; significant price fluctuations related to the company's holdings of digital assets, regulatory uncertainties, and custody risks; risks associated with operating in China, including changes in laws and regulations, exchange rate fluctuations, and restrictions on the convertibility of the RMB; risks of revenue being concentrated among a few customers and dependence on a single reporting segment; the company's ability to maintain its listing qualification on the NASDAQ capital market; risks related to the company's liquidity and capital resources, repayment of third-party loan receivables, and rectification of major deficiencies in financial reporting internal controls; as well as other risks and uncertainties described in the company's annual 20-F filing submitted to the U.S. Securities and Exchange Commission (“SEC”) on April 23, 2026, for the year ended December 31, 2025. Readers are advised not to rely excessively on these forward-looking statements, which are only valid as of the date of this press release. Except as required by applicable laws (including U.S. securities laws), the company has no intention of updating or revising any forward-looking statements due to new information, future events, or other reasons.

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