STAK

CHANGZHOU, China, May 13, 2026 /PRNewswire/ -- STAK Inc. (the "Company" or "STAK") (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced its unaudited financial results for the six months ended December 31, 2025. Mr. Chuanbo Jiang, Chairman and Chief Executive Officer of STAK, commented, "The first half of fiscal year 2026 reflects continued execution of our strategy amid evolving market dynamics. Driven by increase in both order volumes and pricing of our specialized oilfield vehicles, revenues grew to $19.2 million, representing an 13.41% year-over-year increase. This performance reflects growing market recognition of our solutions and sustained demand momentum across our core product lines. Gross profit remained stable at $5.2 million, demonstrating the resilience of our business model as we continue to scale. During this period, we continued to prioritize product development, increasing research and development expenses by 2.69% to $1.6 million, aligned with the stage and scale of our new equipment development." Mr. Jiang continued, "Looking ahead, we remain committed to our existing business strategy, with a clear focus on translating our blueprints into effective execution, measurable performance, and tangible operational achievements. Building on the progress we have made, we will continue to prioritize innovation, optimize our product mix, and expand our international presence. By balancing growth initiatives with operational discipline, we believe STAK is well positioned to capture emerging opportunities and deliver sustainable, long-term value to our shareholders." First Half of Fiscal Year 2026 Financial Summary Revenues were $19.2 million for the first half of fiscal year 2026, an increase of 13.41% from $17.0 million for the first half of fiscal year 2025. Gross profit remained steady at $5.2 million for the first half of fiscal year 2025 and 2026. Gross profit margin was 27.24% for the first half of fiscal year 2026, compared to 30.65% for the first half of fiscal year 2025. Net income was $1.8 million for the first half of fiscal year 2026, compared to $2.0 million for the first half of fiscal year 2025. Basic and diluted earnings per share were $0.14 for the first half of fiscal year 2026, compared to $0.20 for the...