UAE Crypto Company Phoenix Group's H1 Loss Narrows; Revenue Down

11:28 PM EDT, 07/16/2026 (MT Newswires) -- Phoenix Group (ADX:PHX) said Thursday its loss for the first half decreased, while revenue fell year over year. Loss attributable to shareholders for the six months ended June 30 was $91 million, compared with a loss of $182.8 million a year ago. Loss per share moved to $0.015 from $0.03. The Abu Dhabi-listed blockchain technology company's revenue was $42.3 million, compared with $60.4 million earlier.