MIAMI, May 14, 2026 (GLOBE NEWSWIRE) -- UMeWorld Inc. (OTCID:UMEW) today announced its unaudited financial results for the second fiscal quarter ended March 31, 2026, reflecting accelerating commercial activity across its consumer wellness platform and continued advancement of Project Verdant, the Company's sustainable aviation fuel (SAF) initiative.

Revenue for the quarter reached $351,187, representing a 138% increase from $147,455 in the prior quarter, driven by expanding distributor activity and growing sales across U.S. and Asia-Pacific markets. Gross profit increased to $15,152 compared to $4,692 in the prior quarter, while net loss improved to $105,450 from $145,230 in Q1 FY2026.

The quarter marked an important transition for the Company as initial platform development efforts began converting into commercial revenue growth. Inventory declined from approximately $1.68 million at December 31, 2025 to approximately $1.37 million at March 31, 2026, reflecting increasing product sell-through and broader market penetration.

UMeWorld continues to execute a dual-platform growth strategy designed to capture both near-term consumer market opportunities and long-term renewable fuels infrastructure value. Its DAGola® branded functional nutrition business is entering an early scaling phase, while Project Verdant advances as the Company's SAF development platform focused on feedstock resilience and long-term supply scalability.

As previously announced, the Company completed Phase I process engineering design for its planned pretreatment unit (PTU) and continues ...