Tantech Holdings Ltd Q2 2025 Financial Results and Corporate Developments

Tantech Holdings Ltd filed its Form 6-K for December 2025, reporting unaudited financial results for the six months ended June 30, 2025. The company reported revenues of $20.5 million, down slightly from $21.5 million in the prior year period. Net income was $9.5 million, a significant increase from $1.1 million in 2024. Key developments include a one-for-forty reverse stock split effective February 13, 2025, and the acquisition of 85% equity interest in Xintong International Trading Limited for $68.1 million. The company also disposed of certain discontinued operations, resulting in a gain of $3.5 million. Total assets increased to $180.5 million from $143.0 million, primarily due to the Xintong acquisition. Cash and cash equivalents stood at $32.4 million, down from $35.2 million at year-end 2024. The filing includes unaudited condensed consolidated financial statements, management discussion and analysis, and supplemental agreements.