Month End Update - June 2026

I made 40 billion is in June 2026, from this i made an accounting payment of 11 billion to Omega my 7 accounts and no distributions.

Therefore, my wealth rose by 28 billion to 2.418 trillion isk.

I made no distributions in June.

I have been giving away my wealth since July 2023 and so far have given away 629 billion isk in that time vs the 1.8 trillion isk i have made over that time.  So arguably i have 1.2 trillion to give away still!  I wrote more about it recently in a prior post including the recipients of the distributions.

Total Sell Orders were flat at 2.5 trillion.  Buy Orders are now nil - i will need to get these back in action for my manufacturing.

Therefore, i have 2.5 trillion of Orders on the market.

Format of the Month End Review

I have decided to shorten the Month End Update to what happened rather than the background to my strategy etc.  Those will be in other posts.  But lets move the waffle off here.

And in future i plan to do a more in-depth analysis of what i am selling.

But for this update, lets roll with the flow.

2026 Aims

I discussed my aims for 2026 in this post at the start of the year and the half year review was in this post.

Omega / "accounting payments"

I discussed this omega accounting in a recent post, a joy for all accountants (like myself) to read, i am sure.

My Sales Strategy within my Regional Trading Business

I discussed this in a recent post on my Regional Trading Strategy.

The basic numbers for June

In June i had sales of 329bn isk vs May of 191bn.  So a massive rise of 72% to just over the average of 325bn.

Though only an average month it was still a good month and helped a lot, i suspect, by the launch of Cradle of War.  Though June got off to a slow start it really picked up coming into the launch of Cradle of War.

This comes to average daily sales of 11.0bn isk.  In other words, each evening i expect to see across all my accounts an additional 11.0bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.

I sense competition is continuing to lessen.  I have a lower number of orders to update each day.  Therefore, margins are starting to recover.  i.e. i am not spending isk in Broker Relist Fees.

Item profits were 84bn isk which is a margin of 22% (74/325).  So getting back to the target of 25%.  That is good news.

However, I have been thinking about my margin fluctuations.  Part of me thinks that the items i hold in hangers as part of the manufacturing project (some 300 billion) could be moving down in value and i am not able to split this decline out from the normal trading.  Hence, as the cost of items generally rises i will benefit from a positive mark-to-market profit, and of course get hit when market prices decline.

Taxes and Courier fees came to 35bn isk.  Within this, the broker relisting fees came to 2.9% of sales vs the spike of 8.0% in September and the more normal range of 2.9%.  This reflects the lessening of competition and good news that we are back in the normal range.

I did discover a data error.  My spreadsheet was not picking up on courier contract fee refunds.  In other words, if i set up a contract and offer fees of 200 million but then cancel it a few days later then my spreadsheet picks up the 200 million fee but not the 200 million refund and therefore i was overstating courier fees at times.  This does not happen often and will not overstate or understate my profits.  If anything an overstatement of courier fees (because refunds missed) will overstate my item profits and so overstate my item margin.  But this did not happen often.

I also made a 1.9 billion profit on a failed courier contract.

That takes the Trading Profits to 40bn isk and so a trading margin of 12.2% (40/325).  So getting back to the 16% target margin.

And then from this 40bn profits i pay the 12bn Omega.

That was how 325 billion isk of sales became 28 billion isk decrease in wealth.

Manufacturing

I am doing what i often do, and giving this another shot.

The Oz Show had a great interview with Sir SmashAlot where he talked about his manufacturing activities to the tune of making over 1 trillion profits per month!

And the author of the blog I wanna be a Trillionaire, so frickin' bad... has moved into manufacturing and is making a good job of it.

And going back a few years there was a great youtube series Building my Industrial Empire (who is now back).

Early days, i am making some profits and will update this blog as i go.  So far i have experimented with small items like missiles and ammo but also larger ships such as Orcas.  So far i am not making enough to justify the effort.  I reviewed my poor efforts into manufacturing in this post.

Ideally, i want to create a process that i can scale.  Not there yet.

Seeding a player owned station

I am in the process of helping seed the Kihtaled - PleniMart station in Kihtaled.  I now have four characters seeding items for sale which includes one which is dedicated to manufacturing.  This is all low value items like ammunition, drones, rigs etc.

It is owned by Guns-R-Us Holdings and part of the Alliance Weapons Of Mass Production.

And the character behind it all Thanak is recorded his ventures on on youtube which i have discussed elsewhere in this blog, most recently here and here . . . . . . though he has recently stepped down and handed over the leadership to another player.

This may be impacting my margins given it is mainly low value items like ammo, drones, rigs etc.  I am not sure.

It is going well.  More players are coming to the Region and the well stocked station i suspect is helping this along.

I had also started seeding a station Tor2ga in Out Passage in UAJ5-K.  That got smashed, i discussed it here - The Fall of UAJ5.  Everything went to Asset Safety.  105 billion of Sell Orders.  That 105 billion before the markup was 88 billion and given price declines over the lost few months that is now worth 66 billion.

I am looking into another station, lets see.

In total, around 7% of revenues came from the seeded markets in June vs 7% in May vs 15% in April, 7% in March, 13% in February, 12% in January and 6% in December.  So volatile.

Planetary Interaction

I had restarted this but then stopped.

It is not worth the effort in High Sec.  So, on my "to do" list is to move it to low sec but, as you would suspect, i don't have the courage to fly into low sec - so i am thinking about how to do this.

Research

For now, i have stopped trying to make this work.

Station Trading

Wounding down to nil.

Old Accounts

This is my third outing in Eve Online.  I still have the characters of the prior two attempts.  Some went to Omega status after the June 2025 Omega / MCT deal but are now all back as Alpha Accounts.

They are though available to me with plenty of skills to convert back to Omega if i need to.

To make life easier in September 2025 i decided to combine them all into one Alliance, the Merchanting Industry Finance Philanthropy Alliance.

Plex

I don't store Plex.  As a rule i don't invest in items that Fenris / CCP can control as part of the commercial inputs into the game.  When i come across a deal i like i will buy the Plex in the spot market.

Items in hanger for sale

There are a number of items that i sell that can only be sourced from Regions outside of The Forge (the home of Jita).

To make my life easier, i buy them from their home bases and have them couriered to Jita to be stored ready to be couriered to their final sale destination.  Makes life a lot easier for the cost of one transport leg.

In all, some 297bn isk of items in Hangers.

Buy Orders

Right now, they are at nil.  But i expect to increase them again as i refocus on manufacturing.

ISK

I have 77 billion spare ISK kicking around.

The 91 billion of distributions in May put a dent in my surplus isk.

And i plan to relaunch into manufacturing.  So hopefully making good use of surplus isk.

Current Wealth

Current wealth is 2.418 trillion ISK made up from:

• Plex held as an investment 1bn ISK
• Items in hanger for sale 297bn ISK
• Items in hanger for use in business 11bn ISK
• Omega brought forward 55bn ISK
• Buy orders on the market 0bn ISK
• items for sale 2.471 trillion ISK
• less a 20% provision 494bn ISK
• ISK in wallet 88bn ISK

When i add up my wealth, I don't count assets I use in the course of my business such as ships, fittings etc nor do I add back any expenses such as skills purchased etc.  The wealth I disclose is made up of items that are ISK or are in the process of being converted to ISK or are used to generate isk that can be readily resold back onto the market.  Any ships or skills or fittings etc i buy are counted as expenses in that month.  The only exception to this rule is Blueprint Originals i use for manufacturing.  They are held at cost.

* I take a 20% provision against the items I am selling.  Eve calculates wealth by adding up the value of the sell orders hence it is possible to increase your wealth by buying an item for 100m ISK and putting a sell order for 120m ISK (in this case your wealth would increase by 20m ISK).  For me, I want my wealth to be calculated at cost.  I know that the value of my sell orders will likely fall over time as I update my orders downwards as competition reduces their prices before my items are sold.  Hence the 20% provision is my best guess as to what the maximum reduction I would need to make to my sell orders as a whole before they are sold.  In an ideal world I would value my sell orders at the value which I bought the items for.