Exhibit 99.2

Genius Group Ltd. announces 120.76% revenue growth at First Half of 2023 based on the unaudited financials

The unaudited financials are prepared in accordance with the standard financial statement requirement without including notes to financials. The unaudited financial statements are not reviewed nor have any other services been performed by the Company auditor. The pro forma revenue excludes the spin off entity, Entrepreneur Resorts Limited.

Singapore—(BUSINESS WIRE)— Genius Group Ltd. (NYSE American: GNS), a world-leading entrepreneur Edtech and education group, today announced financial results for the first half of 2023.

Summary - First Half 2023 Financial Results Compared to First Half 2022:

Key Business Metrics

We monitor the key business metrics and non-IFRS financial measures set forth below to help us evaluate our business and growth trends, set growth targets and budgets, and measure the effectiveness of our sales and marketing efforts. These key business metrics and non-IFRS financial measures are presented for supplemental informational purposes only, are not a substitute for IFRS financial measures, and may differ from similarly titled metrics or measures presented by other companies. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Key Business Metrics and Non-IFRS Financial Measures” for detailed descriptions of the measures and metrics shown below.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

Overview

We believe that we are a world leading entrepreneur Edtech and education group based on student numbers, with a student base of 3.34 million students at the end of June 30, 2023, and an average of 8,500 new students joining our GeniusU platform each week in 2023. Our mission is to disrupt the current education model with a personalized, student-centered, AI based lifelong learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed in today’s market.

Of the 3.34 million students on GeniusU at June 30, 2023, 3.3 million were free students, 45,038 had upgraded to paying students and 13,165 had upgraded to become faculty or partners. Total students grew by 15% annually with 232,042 new students joining in the first half of the 2023, paying students grew by 9% annually and our faculty and partners grew by 2% annually as we released a range of new tools on GeniusU for teachers, trainers and mentors to create their own events, courses and products. These annual growth rates are in line with our historic annual growth rates for GeniusU, with our conversion rates from free to paying students remaining at 1% and our attrition level of members and partners remaining below 5%.

Our financial growth model is based on a combination of four main factors:

To provide an accurate discussion and analysis of financial condition and results of operation, the financial reports provided and discussed below are grouped in the following two sections:

Results of Operations

Period Ended June 30, 2023, Compared to Period Ended June 30, 2022

The below discussion and analysis are for the unaudited financials of June 30, 2023 compared to June 30, 2022. For simplicity, any reference to the first half of 2023 is with reference to the 6 months financials as of and for the period ended June 30, 2023, and any reference to the first half of 2022 is with reference to the 6 months financials as of and for the period ended June 30, 2022.

Discussion and analysis are also included for the first half of 2023 pro forma financials and 2022 actual data for Genius Group, including the unaudited financials for the Group, and the financials all of the YTD Acquisitions (including the financials of University of Antelope Valley, Property Investors Network, Education Angels, E-Squared and Revealed Films) and excluding Entrepreneur Resorts Ltd.

For clarity, each section below has separate paragraphs with discussion and analysis first for the Group unaudited financials, followed by discussion and analysis for the Genius Group pro forma financials (including the Acquisitions).

Revenue: Our Group revenues increased from $5.3 million in first half of 2022 to $11.8 million in the first half of 2023. This was driven by an increase of 159.54% in our Education Revenue from $3.45 million to $8.96 million. The campus revenue increased by 50% from $1.89 million in first half of 2022 to $2.83 million in first half of 2023. This was due to increase in demand due to capacity expansion and operations coming back to normal after COVID and the acquisition of entities.

Our pro forma revenue in 2023 were $9.0 million in the first half of 2023.

Our two main revenue segments are Education Revenue and Campus Revenue. Education Revenue consists of Digital Education Revenue, where the courses are delivered virtually on GeniusU, and In-Person Education Revenue, where the courses are delivered to our students with the aid of our faculty in-person. Campus Revenue consists of revenue we generate from our locations through accommodation, food and beverage charges. The following table shows the breakdown of this revenue into segments for both Genius Group, on a pro forma basis and unaudited basis:

Cost of Revenue: The Group’s cost of revenue was $5.59 million in first half of 2023 with $6.2 million in gross profit, giving us a 52.58% gross margin, compared to $3.11 million in first half of 2022 with $2.23 million in gross profit. Our cost of revenue declined in percentage terms in 2023 as a result of improved results from our campus business and the acquisitions which has a higher gross margin. The marketing spend and the investment on the development asset in first half of 2023 is consistent in comparison to the first half of 2022. To date we have been maintaining a balance between growth and a positive gross margin in which we are not being overly aggressive in our marketing spend and this is reflected in our current gross margin. By owning the majority of our own curriculum and courses across all companies and acquisitions, we are focused on maintaining a low cost of content and a high gross margin. The cost of revenue that we do incur is mainly our customer acquisition costs and our faculty costs.

In the first half of 2023, the pro forma cost of revenue was $4.63 million, giving us a 48.33% gross margin.

Operating Expenses: The Group had a net operating expense of $15.36 million in the first half of 2023 compared to $5.68 million in first half of 2022. Approximately 60% of our operating expense is our staff costs, with the remaining in development costs, marketing, rental, legal and general expenses. The increase in our operating expenses is the result of the growth in our operations, acquisition of companies, legal and professional expenses in our listed company. As with our cost of goods sold, historically we have been managing our overhead to maintain a sustainable growth rate, in order that additional funds raised may be invested largely in acquisitions.

In the first half of 2023, the pro forma operating expense was $13.75m.

Non-IFRS Financial Measure — Adjusted EBITDA: We have included Adjusted EBITDA because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business.

We calculate Adjusted EBITDA as net profit / loss for the period plus income taxes and social contribution plus / minus finance revenue /expense result plus depreciation and amortization plus impairments plus revaluation adjustment of contingent liabilities plus share-based compensation expenses plus bad debt provision.

Derived from Financial Statements

Pro forma Financials

Pro forma EBITDA is derived by reducing the financial impact of the spin off of Entrepreneur Resorts Ltd and adding back acquisition financials for the period prior to acquisition date.

The Group had a negative Adjusted EBITDA of ($7.32) million in first half of 2023 compared to a negative of ($1.96) million in first half of 2022. The negative Adjusted EBITDA of ($7.32) million in first half of 2023 is partly due to further Group investments in development, marketing spend, increasing legal and professional services cost.

Cash and Cash Equivalents: The Group held $2.62 million in cash and cash equivalents as of June 30, 2023, and $5.72 million as of December 31, 2022.

Current Assets: The Group’s current assets decreased from $24.25 million as of December 31, 2022 to $9.35 million as of June 30, 2023 with a current ratio of 0.53 in first half of 2023 compared to 1.03 as of December 31, 2022. The primary reason for decline is usage of restricted cash for the repayment of convertible note, acquisition dues and operational losses in the first half of 2023. The largest current asset items in our Group are accounts receivable of $3.84 million, cash and cash equivalents of $2.62 million, prepaid expenses of $1.24 million and inventories of $1.17 million.

Non-Current Assets: The Group’s non-current assets reduced from $67.01 million as of December 31, 2022 to $66.05 million as of June 30, 2023. This is mainly due to the amortization of acquired intangible assets.

Current Liabilities: The Group’s current liabilities decreased from $23.38 million as of December 31, 2022 to $17.48 million as of June 30, 2023. The largest items in our current liabilities were deferred revenue of $5.05 million. The other significant components are convertible note of $3.77 million, accrued expenses and other current liabilities of $3.39 million, accounts payable of $2.22 million, operating lease liabilities of $1.33 million, due to related parties of $1.01 million and other remaining items contributes to $0.57 million.

Non-Current Liabilities: The Group’s non-current liabilities reduced from $53.92 million as of December 31, 2022 to $51.77 million as of June 30, 2023. The decrease was due to decrease in convertible loan payable balance of $0.13 million as of June 30, 2023 compared to $2.22 as of December 31, 2022 which is due to repayment and conversion of convertible loan during the first half of 2023.

Shareholders’ Equity: The Group’s shareholder’s equity reduced from $13.95 million as of December 31, 2022 to $6.13 million as of June 30, 2023. The reduction in equity is due to the loss of $10.77 million in the first half of 2023 and increase in capital by $3.68 million mainly due to conversion of convertible loan to equity and recording of stock-based compensation expenses.

Liquidity and Capital Resources

Our principal sources of liquidity are our cash and cash equivalents, short term investments, and cash generated from operations. Cash and cash equivalents and short-term investments consist mostly of cash on deposit with banks. As of June 30, 2023, we had cash and cash equivalents of $2.62 million maintained at various financial institutions compared to $5.72 million as of Dec 31, 2022.

Going Concern

Pursuant to IAS 1, Presentation of Financial Statements, the Company is required to and does evaluate at each annual and interim period whether there are conditions or events, considered in the aggregate, that raise substantial doubt about its ability to continue as a going concern within one year after the date that the consolidated financial statements are issued. Based on the definitions in the relevant accounting standards, and due to current liabilities exceeding current assets, management has determined that without additional capital raised, in the next twelve months, there is substantial doubt about the Company’s ability to continue as a going concern.

The Company’s unaudited condensed consolidated financial statements as of June 30, 2023 have been prepared on a going concern basis. Although the Company has taken, and plans to continue to take, proactive measures to enhance its liquidity position and provide additional financial flexibility, including discussions with lenders and bankers, there can be no assurance that these measures, including the timing and terms thereof, will be successful or sufficient.

The substantial doubt about the Company’s ability to continue as a going concern may negatively affect the price of the Company’s common stock, may impact relationships with third parties with whom the Company does business, including customers, vendors and lenders, may impact the Company’s ability to raise additional capital or implement its business plan.

Subsequent events

On July 26, 2023, Genius Group Ltd. signed executed and delivered a bridge note with an accredited investor in the face amount of $3.2 million, which has a $200,000 original issue discount. The company has received $1,000,000 in proceeds in July and August respectively.

As of August 31, 2023, the company has the outstanding principal value of $53,343 on the secured convertible note of $18.13 million closed on August 26, 2022. During July and August 2023, the company settled the outstanding principal value and accrued interest of $11.03 million and issued 22,192,694 shares in satisfaction to the liability.

ADJUSTED 2023 Guidance

2023 annual revenue of $26.0M - $29.0M compared to 2022 revenue of $18.2M

2023 net loss of $15.5-$17.0m compared to 2022 net loss of $55.3M

2023 adjusted EBITDA net loss of $10M - $12M compared to 2022 adjusted EBITDA net loss of $7.8M

Number of students (and users) 5.7M – 6.0M

GENIUS GROUP LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(In US Dollars)

GENIUS GROUP LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

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GENIUS GROUP LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

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GENIUS GROUP LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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Summary Combined Consolidated Financial Data

Pro forma Financials

Pro forma financials are derived by reducing the financial impact of spin off of Entrepreneur Resorts Ltd and adding back acquisition financials for the period prior to acquisition date. Due to the intercompany receivable from Entrepreneur Resorts Ltd, the balance sheet effect of spin-off results in an increase in assets (current assets) which is reflected by a negative balance under Entrepreneur Resorts Ltd.