Sealand Capital Galaxy reported unaudited revenue of £772,890 for the first half of 2026, increasing 676% from £99,529 during the same period a year earlier as the company expanded its marketing and advisory activities and continued growing its e-commerce operations.
Gross profit increased to £465,797 from £46,762, while gross margin improved to 60.3% from 47.0%. The shift reflected a greater contribution from higher-margin marketing and advisory work.
Sealand reported profit before tax of £641,636, compared with a loss of £361,920 in the first half of 2025. The result included a £535,387 non-cash gain associated with remeasurement of a convertible loan note derivative immediately before its conversion in March.
Profit for the period reached £545,389 compared with a £361,920 loss a year earlier. Profit attributable to equity holders was £442,140.
The company’s balance sheet also strengthened significantly. Net assets reached £8.56 million as of June 30, compared with net liabilities of £2.08 million at the end of 2025. Net current assets were £8.54 million, compared with net current liabilities of £2.12 million.
Sealand held £48,547 in cash at the end of June. Following the period, the company received approximately £4.94 million through exercises of Conversion A Warrants during July and August.
During the first half, Sealand continued repositioning toward AI, software and digital infrastructure. The company announced a strategy focused on AI and SaaS software tools, computing-power infrastructure and energy technology, supported by operating hubs in Shenzhen and Hong Kong.
Sealand also advanced several transactions. In March, it paid a refundable £1.98 million deposit related to the proposed acquisition of Brilliant Glow Group, a Hong Kong consulting business.
The company subsequently continued working toward its proposed acquisitions of Brilliant Glow Group and a 60% interest in Finely Technology Holdings.
Sealand also invested in Wanel and launched SaturnGlitter and MercuryGlitter, expanding its AI data-security and content-creation activities.
A substantial refinancing was completed during the period. CEO Siqi Cao subscribed for 444.4 million new shares for gross proceeds of approximately £444,371, and the company converted approximately £6.27 million of convertible loan notes into shares.
Cao also exercised warrants that generated approximately £2.74 million in cash. Following those transactions, he held approximately 48.73% of Sealand’s issued share capital as of June 30.
The company also disposed of its investment in EVOO AI for £250,000 and discontinued the SEA-VOO initiative.
For the second half of 2026, Sealand plans to concentrate on AI applications, data security, computing power and related infrastructure while evaluating additional partnerships, acquisitions and strategic investments.
KEY QUOTES:
“The first half of 2026 was a period of material progress for Sealand. We have significantly strengthened the balance sheet, delivered substantial revenue growth and returned the Group to a modest consolidated profit.
“Alongside this improved financial performance, we have taken practical steps to build the Group’s technology and AI capabilities: advancing the proposed BGG acquisition, investing in Wanel, launching SaturnGlitter and MercuryGlitter, and agreeing the proposed acquisition of a majority interest in Finely Technology Holdings.
“We are building a more focused platform across technology, AI-enabled services and digital infrastructure. With a strengthened leadership team and additional funding received after the period end, we are well placed to execute on the opportunities ahead while maintaining a disciplined approach to capital allocation and delivery.”
Siqi Cao, Chief Executive Officer of Sealand Capital Galaxy
