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Q2 2026 Highlights:
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- Total volume: 888,902 contracts, up 276% from Q1 2026
- ADV: 14,572 contracts, up 276% from Q1 2026
- Daily average open interest: 641, up 129% from Q1 2026
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Year-to-Date Highlights (as of June 30, 2026):
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- Total volume: 1,125,040 contracts, up 613% from the last six months of 2025
- ADV: 9,222 contracts, up 648% from the last six months of 2025
- Daily average open interest: 472, up 28% from the last six months of 2025
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TORONTO, Aug. 17, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced financial and operational results for the second quarter of 2026. All financial references are denominated in Canadian dollars unless otherwise noted.
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The Company’s financial results reflect its decision to accelerate its plans for growing participation on Abaxx Exchange, in support of its goal of reaching 1 million ADV over the next 3–5 years. Abaxx raised capital and put it to work, expanding Abaxx Exchange’s business development team and building the initial market liquidity that will further accelerate commercial participation in its futures markets.
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| Key Business Metrics | Q2 2026 | Q1 2026 | % Change QoQ | H1 2026 | % Change vs. H2 2025 |
| Total Volume (contracts) | 888,902 | 236,138 | +276% | 1,125,040 | +613% |
| Avg Daily Volume (contracts) | 14,572 | 3,872 | +276% | 9,222 | +648% |
| Avg Daily Open Interest | 641 | 280 | +129% | 472 | +28% |
| Transaction and Clearing Fees | $4,496,409 | $1,415,603 | +218% | $5,912,012 | +503% |
| Liquidity-related Credits | $4,494,753 | $1,422,769 | +216% | $5,917,522 | — |
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| Liquidity and Cash Management | Q2 2026 | Q1 2026 | H1 2026 | |||
| Net Cash Spending | $16,346,135 | $12,270,744 | $28,616,879 | |||
| Cash and Cash Equivalents | $95,074,348 | $44,816,432 | $95,074,348 | |||
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The Company increased spending during Q2 2026 to expand Abaxx Exchange’s business development team and market maker and liquidity provider programs, contributing to a net cash spend of $16.3 million, compared with $12.3 million in Q1 2026 and $13.2 million in Q4 2025. Net cash spend is calculated as total operating expenses less share-based compensation, total revenue, investment and interest income, and other income.
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Including $12.4 million of non-cash items, the Company reported a net loss of $28.8 million in Q2 2026, compared with a net loss of $21.6 million in Q1 2026. These non-cash items included a $6.1 million unrealized loss on derivatives resulting from the effect of the decline in the Company’s share price during the quarter on its outstanding convertible debentures.
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Abaxx raised $69.0 million in gross proceeds during Q2 at $54.25 per share and ended the quarter with $95.1 million in cash and cash equivalents, compared with $62.6 million as of December 31, 2025, remaining in a secure financial position.
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Q2 2026 Execution
Highlights
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- Global Data Distribution: Abaxx Exchange market data and pricing is now available on more than 400,000 institutional terminals through LSEG and Bloomberg, with licensing and distribution infrastructure in place to support future recurring market data revenue.
- Institutional & China Clearing Access: Yongan International Financial (Singapore) Pte. Ltd. (“Yongan International SG”) became Abaxx Exchange’s first mainland China-backed clearing and trading member, strengthening the connectivity needed to grow participation and volume across Asia, alongside the 6 existing direct and indirect clearing members.
- Exchange Product Development: Abaxx Exchange introduced Silver Singapore and Enwex Germany Solar futures, bringing the Exchange’s product suite to 18 contracts. Following the launch of Silver futures on May 22, 2026, the contract reached a total volume of 107,477 contracts, or an ADV of 4,134 contracts per day.
- MarketOS™ Technology Commercialization: The Company entered into a commercial agreement with Alta Alternative Investments Pte. Ltd. (“Alta”) to advance the use of money market fund shares as yield-bearing, T+0 margin collateral at Abaxx Clearing¹, and an MoU to support development of the Cambodian National Futures Exchange. MarketOS™ is now advancing toward commercial use inside Abaxx Clearing and with third parties, designed to support more capital-efficient clearing on Abaxx and create a path to technology revenue from third-party deployments.
- Technology Product Development: As software increasingly acts on behalf of firms, the Company formed Abaxx Labs and released Agents++, extending seven years of work on globally resolvable identity infrastructure to AI agents. The same identity and permission controls developed for people and institutions can now be applied to the software acting on their behalf.
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