on Alset AI Ventures Inc. (CVE:GPUS)
Alset AI Ventures Reports Strong Fiscal Q3 2026 Financial Results
Alset AI Ventures Inc. has reported a significant turnaround in its financial performance for the third quarter of fiscal 2026. The company announced a $3.6 million comprehensive income for the quarter ending June 30, a marked improvement from the $4.3 million loss reported in the same period last year. This gain was largely propelled by a $4.1 million unrealized, non-cash revaluation of its investment in Lyken.AI.
The Vancouver-based investment issuer, focused on the technology sector, saw its total assets soar by 82.7% to $9.4 million. The remarkable increase in the carrying value of Lyken.AI played a crucial role, built on a third-party transaction that concluded post-quarter.
Alset also reported a notable decline in general expenses, which decreased by 59.6% compared to the previous year. The firm continues to focus on managing its portfolio and creating long-term value for shareholders.
R. P.
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