Exhibit 99.2

Genius Group Ltd. Reports Unaudited Financial Results for H1 2024

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.

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 2024.

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 are a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit www.geniusgroup.net.Our mission is to disrupt the current education model with a personalized, student-centered, Bitcoin-first, AI powered lifelong learning curriculum that prepares our global community with the leadership, entrepreneurial and life skills to succeed in today’s market.

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

To provide an accurate discussion and analysis of financial condition and results of operation, the financial reports provided and discussed below are presented for Audited financials provided for the financial years ended December 31, 2023 and 2022 and unaudited condensed financials provided for the six-month period ended June 30, 2024 and June 30, 2023.

Results of Operations

Period Ended June 30, 2024, Compared to Period Ended June 30, 2023

The below discussion and analysis are for the unaudited financials of June 30, 2024 compared to June 30, 2023. For simplicity, any reference to the first half of 2024 is with reference to the 6 months financials as of and for the period ended June 30, 2024, and 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.

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 decreased from $11.8 million in first half of 2023 to $4.8 million in the first half of 2024. Campus revenue decreased by 100% from $2.83 million in first half of 2023 to $Nil in first half of 2024 as a result of spin off of Entrepreneur Resorts Limited. The reduction in the education revenue was mainly due to closure of UAV operations and reduction in demand of education courses as a result of business focus in H1 was mainly on closing the key acquisition.

Our two main revenue segments were 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 which will no longer be reported due to spin off of ERL in 2023. 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 $3.1 million in first half of 2024 with $1.7 million in gross profit, giving us a 35.46% gross margin, compared to $5.59 million in first half of 2023 with $6.2 million in gross profit. Our cost of revenue primarily decreased because of closure of operations at UAV which resulted in ongoing cost of sales while the revenue remained low. Also, the cost of sales includes the depreciation expense which is not impacted by the lower revenue and impacting the gross profit margin for the Group.

Operating Expenses: The Group had a net operating expense of $10.80 million in the first half of 2024 compared to $15.36 million in first half of 2023. Approximately 60% of our operating expense is our staff costs, with the remaining in development costs, marketing, rental, legal and general expenses. The decrease in our operating expenses is the result exclusion of ERL (spin off) and reduction in operating expenses across the group due to cost control measures.

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

The Group had a negative Adjusted EBITDA of ($6.65) million in first half of 2024 compared to a negative of ($7.31) million in first half of 2023. The negative Adjusted EBITDA of ($6.64) million in first half of 2024 is partly due to further Group investments in development, marketing spend, increasing legal and professional services cost.

Cash and Cash Equivalents: The Group held $0.50 million in cash and cash equivalents as of June 30, 2024, and $0.61 million as of December 31, 2023.

Current Assets: The Group’s current assets increased from $9.6 million as of December 31, 2023 to $41.15 million as of June 30, 2024 with a current ratio of 2.52 in first half of 2024 compared to 0.56 as of December 31, 2023. The primary reason for increase is investment into acquisition of LZG International which is under the arbitration. The amount receivable from the transaction includes cancellation of shares ($29.3 million) and recovery of $6.5 million in cash payment.

Non-Current Assets: The Group’s non-current assets increased from $33.58 million as of December 31, 2023 to $37.14 million as of June 30, 2024. This is mainly due to the increase in investments in ERL by $4.4 million.

Current Liabilities: The Group’s current liabilities decreased from $17.24 million as of December 31, 2023 to $16.30 million as of June 30, 2024. The primary reason for reduction is repayment of payable balances to the external parties. The Company also repaid the Bridge loan in January 2024 and secured a new promissory note in April 2024.

Non-Current Liabilities: The Group’s non-current liabilities increased from $6.3 million as of December 31, 2023 to $7.3 million as of June 30, 2024. The increase was due to increase in loan payable balance of $1.34 million as of June 30, 2024 compared to $0.25 as of December 31, 2023 which is due to additional loan taken during the year.

Shareholders’ Equity: The Group’s shareholder’s equity increased from $19.71 million as of December 31, 2023 to $54.62 million as of June 30, 2024. The increase in equity is due to the loss of $9.15 million in the first half of 2024 and increase in capital by $3.68 million mainly due to issuance of shares for follow on fund raise, exercise of warrant, issuance of shares to LZG International 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, 2024, we had cash and cash equivalents of $0.50 million maintained at various financial institutions compared to $0.61 million as of Dec 31, 2023.

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, 2024 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 August 15, 2024 the approved and effected the share consolidation in the ratio of 1:10.

On November 14, 2024, the Company reduced its debt by $5.2 million via the early repayment of the remaining principal balance and interest of the promissory note issued to it by Alto Master Opportunity Fund in April 2024, repaying the note 12 months early.

On December 13, 2024, the Board has voted to proceed with arbitration to fully rescind ab initio the agreement and to pursue via the arbitration process the return of the 7.3 million ordinary shares in the Company issued and the $6.6 million in cash paid to date to LZGI as part of the transaction to the Company. On December 17, 2024, the court has passed temporary injection on the shares enjoining LZG to participate and vote on any of the shareholders meetings of the Company.

On September 10, 2024, the Company received an approval from the Securities and Exchange Commission (SEC) and became effective on the registration statement F-3. Under this offering, Genius Group may offer and sell up to US$150 million of its ordinary shares on the New York Stock Exchange.

On November 14, 2024, the board has adopted a global “Bitcoin-first” strategy with Bitcoin to be the primary treasury reserve asset. Following the announcement, the Company has purchased 214 Bitcoin for the average net price of $93,586.

On December 6, 2024, the Company acquired Bitcoin and Blockchain Learning Platform, XD Academy for total consideration of $80,000. XD Academy’s learning platform and courses, which it is integrating into its Genius learning platform.

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

(In US Dollars)

GENIUS GROUP LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(In US dollars)

GENIUS GROUP LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In US Dollars)

Summary Combined Consolidated Financial Data