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Stardust Reports Q2 2026 Results Vancouver , British Columbia -- ( Newsfile Corp. - August 31 , 2026 ) - Stardust Solar Energy Inc. ( TSXV : SUN ) ( OTCQB : SUNXF ) ( FSE : 6330 ) ( " Stardust Solar " or the " Company " ) , a North American renewable energy company focused on solar energy , battery storage , franchise expansion and renewable energy infrastructure development , announces its financial and operating results for the three and six months ended June 30 , 2026 . The second quarter reflected Stardust's continued evolution toward a higher - margin , recurring franchise and infrastructure platform . Revenue was $ 637,349 , compared with $ 1.21 million in Q2 2025 , primarily reflecting lower product and equipment sales as the Company continued to shift its revenue mix toward higher - margin franchise , training and recurring revenue streams . Despite the lower top - line revenue , gross margin increased to ~ 60 % from 42 % in Q2 2025 , while recurring and franchise - related revenue represented ~ 63 % of total revenue , up from ~ 38 % in the prior - year period . Operating expenses declined 14 % year - over - year . For the first six months of 2026 , comprehensive loss improved by ~ 47 % , while operating expenses decreased 19 % , demonstrating continued progress in operating efficiency and the Company's evolving revenue mix . The company attributes these results to changes in residential solar incentives in United States and Canada , its focus on improved operational efficiency , and its focus on horizontal expansions into diversified markets . Q2 2026 Key Financial and Operating Results : ■ Revenue decreased 47 % , reflecting lower product sales and an evolving revenue mix . ■ Gross margin increased to 59.2 % , from 42.2 % in Q2 2025 . ■ Training revenue increased 74 % , with gross profit up 110 % . ■ Cash increased 26 % from year - end . ■ Operating expenses declined 14 % in Q2 and 19 % year - to - date . ■ Recurring and franchise - related revenue represented ~ 63 % of total revenue , up from ~ 38 % . ■ Total assets increased 16 % to $ 1.55 million , while total liabilities declined 4 % . ■ Working capital deficit narrowed by ~ $ 181,000 from year - end , with the current ratio increasing to 0.69 from 0.58 . Beyond the headline financial results , the quarter also demonstrated continued progress in the underlying drivers of Stardust's scalable business model . Training and exam administration continued to strengthen the Company's revenue mix , while expansion of the franchise network further extended Stardust's operating footprint . These developments support the Company's strategy of building a more scalable platform with a greater contribution from franchise , training and recurring revenue streams . The Company continued to strengthen its financial foundation , raising approximately $ 833,000 through a private placement and making ~ $ 483,000 in debt repayments during and following the quarter . The decision to prioritize debt repayment reflects a disciplined approach to capital allocation and positions Stardust to pursue future growth from a stronger financial base . With a stronger financial foundation in place , Stardust is accelerating the strategic initiatives that can drive its next phase of growth across financing , international expansion and utility - scale renewable energy development . The Company's Lease - to - Own pilot successfully onboarded its first customer , demonstrating the potential of the financing model to expand customer access to solar and battery storage solutions . At the same time , Stardust continued to advance its flagship 30 MW Zambia solar project with Gamma Power Systems and POWERCHINA . Subsequent to quarter - end , the project received final government approval and a fully executed Implementation Agreement , representing one of the final government milestones before construction can commence . Building on its established North American franchise network , Stardust is also advancing international expansion opportunities in Mexico and the Caribbean , with discussions progressing toward agreements that could extend the Company's reach into new high - growth renewable energy markets . Together with