Month End Update - July 2026

I made 14 billion is in July 2026, from this i made an accounting payment of 5 billion to Omega my 5 accounts,  65 billion of costs do to with a Seeding Station being destroyed (more on that below) and no distributions.

Therefore, my wealth fell by 55 billion to 2.363 trillion isk.

I have been giving away my wealth since July 2023 and so far have given away 629 billion isk in that time vs the 1.7 trillion isk i have made over that time.  So arguably i have 1.1 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 fell 366 billion to at 2.1 trillion due to a Seeding Station being destroyed and so all the Items for Sale no longer being for sale.  Buy Orders are now nil - i will need to get these back in action for my manufacturing.

Therefore, i have 2.1 trillion of Orders on the market.

Format of the Month End Review

I have shortened 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.

In future i plan to do a more in-depth analysis of what i am selling - setting up the spreadsheets to do the analysis.

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 July

In July i had sales of 209bn isk vs June of 329bn.  So a fall of 36% vs the average of 325bn.

Other than June, the market has been quiet since March - or i need to change my strategy.  To that end, i am focusing more on selling into at least some market volume rather than putting items up for sale where no market volume exists (i.e trying to create a market in an item where none existed before).

June, i suspect, was boosted by the launch of Cradle of War.

This comes to average daily sales of 6.7 bn isk.  In other words, each evening i expect to see across all my accounts an additional 6.7 bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.

I sense competition is continuing to lessen - so this feels like a market slowdown rather than me losing market share.  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 42bn isk which is a margin of 20% (42/209).  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 27bn isk.  Within this, the broker relisting fees came to 5.4% of sales vs the spike of 8.0% in September and the more normal range of 2.9%.  My data suggests this is driven by competing on items where no sales are ever taking place.  I am taking action on this and hope to report lower fees in for the August update.

That takes the Trading Profits to 14bn isk and so a trading margin of 6.8% (14/209).  So a hit this month from the spite in Broker relist fees.

And then from this 14 billion profits i pay the 5 billion Omega and the 65 billion of Seeding Market destruction costs.

That was how 209 billion isk of sales became 55 billion isk decrease in wealth.

Seeding Station destruction = 65 billion cost

I covered this in a prior post.

But in summary:

I had 342 billion of items up for sale which all went into High Sec Asset Safety.

Against this 342 billion i had a 68 billion provision (i always have a 20% provision against my Sell Orders to cover Transaction Taxes and price movements).

So that's 273 billion.

Marking those items to market (i.e. marking to the prices in Jita) cost me 48 billion.  In other words, prices in the market over the last 11 months or so had fallen a long way for the items i had for sale).

Asset Safety only cost me 1 billion (this is High Sec).

Courier Provision cost me 11 billion (nothing quite like a disaster to soak up as much negative costs as i can think of).

And then a relisting provision costs me 5 billion.

so 48 + 1 + 11 + 5 = 65 billion.

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

More news on this in the next update but i will relist all my items back into the Khanid region, same system - lets see how that goes.

And i have found another station to seed in Highsec.

More on this later.

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

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.

And then there are all the items that were in Asset Safety now back in my inventory.

In all, some 517 billion 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 99 billion spare ISK kicking around.

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

Current Wealth

Current wealth is 2.363 trillion ISK made up from:

• Plex held as an investment 1bn ISK
• Items in hanger for sale 517bn ISK
• Items in hanger for use in business 11bn ISK
• Omega brought forward 51bn ISK
• Buy orders on the market 0bn ISK
• items for sale 2.106 trillion ISK
• less a 20% provision 421bn ISK
• ISK in wallet 99bn 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.

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.

Month End Update - May 2026

I made 17 billion is in May 2026, from this i made an accounting payment of 11 billion to Omega my 7 accounts and i also made 91 billion of distributions.

Therefore, my wealth fell by 86 billion to 2.389 trillion isk.

I made two distributions in May:

71 billion went to the twitch show TheOneAndOnlySidar

20 billion went to Daddy Deep in Type-9 Industries for a project he has in mind.

Another month where i was away for part of it and real life is busy.  But there is no hiding from the slower market i am experiencing.

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!

Total Sell Orders rose very slightly from 2.4 billion to 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.

2026 Aims

I discussed my aims for 2026 in this post.

My isk making aims are to stick to the core business of Regional Trading but also to expand into Manufacturing and Market Seeding.  And also give Low Sec / Null Sec a shot in trading - without soiling my pants.

The market seeding is in one location for now.  It was two but that station was destroyed in Dronelands.  i am reviewing a new location.

Manufacturing is more sporadic - more below.

My non-isk making aims are to see if my Alliance joins someone else's and to continue to give away my isk.  (it makes me incredibly sad to think that one day many many years ago i logged off from World of Warcraft as normal with my character in the Auction House with several million gold and then to never log on again - i should have given it away over time).

And then Eve related - i did Fanfest and hope to attend a London Meetup.

The overriding point here is that this is a game.  I can't take my trillions with me into real life.  So lets have fun and bring enjoyment to the game for all.

Omega / "accounting payments"

In June 2025 i took part in the Omega sale and spent 143 billion isk to buy 12 months Omega on all my 7 accounts.  That 143 billion isk counts to me as an asset in my wealth and i will reduce it by 12 billion each month to wind it down to zero when the Omega runs out.

Therefore, each month i will have this "accounting payment" of 12 billion isk.

This is the final month and so my Accounts start to need Omega payments.  Currently i have 7 accounts on Omega.  I plan to reduce that to 5.  Which will effectively be the 4 core Regional Trading Accounts and a final account for market seeding.

More details in the section "Seven Omega Accounts to pay for" below.

Distribution Policy

My plan going forwards is to have 100 billion isk spare in my wallet, on top of isk in my manufacturing operation, for opportunities that come up and therefore i will distribute every surplus 50 billion - i.e. when i get to 100 billion isk in my wallet (on top of the isk in my manufacturing operations) i will distribute 50 billion.

I have increased the amount of ISK i want to carry in order to take advantage of any Market Seeding opportunities that come along.

I find there is no longer a "purpose" to watching my wealth rise like there was on the road to my first trillion.

Distributions

These days, the aim is to distribute my profits to the Oz Tank Show or other ventures that generate content in Eve Online.  Watching the numbers go up was great in the first trillion but lacks purpose onwards.

So far i have given 538bn to Eve shows:

260bn isk to the Oz Tank Show

142.5bn to The Oz Show

141bn to the twitch show TheOneAndOnlySidar

50bn to Gamingsincethe70s

20bn to the podcast Declarations of War to sponsor it.

20bn to Daddy Deep in Type-9 Industries for a project he has in mind.

13.2bn to the Nth_Dimensional Twitch show

1.6bn to the Raff_About_It Twitch show

The Oz Tank Show started in July 2023 and i have generated profits of 1.8 trillion in the July 2023 - April2026 period (after Omega costs) and distributed 629 billion.

So that leaves 1.2 trillion isk to distribute to some venture(s).

Seven Omega Accounts to pay for

I took advantage of the 20% plex discount and added another 12 months on all my accounts in June 2025.

In June 2025 i spent 143 billion isk buying 12 months of Omega for 7 accounts and another 12 months for one of those accounts because i was too far into a bottle of red to be paying attention (1 of these accounts is a manufacturing account which was an old account going back to 2012 that has been in alpha since around 2016).

My seven Omega accounts will come off Omega from July 2026 to September 2026 with one account going to October 2027.

Rather than being complicated and staggering the depreciation of this asset and figuring out how the extra 12 months will work - I will account for this in the normal way by saying from this July 2025 onwards 1/12 of the 143 billion will be recognised as a cost each month = 143/12 = 12 billion isk and the asset held in wealth will therefore reduce by 12 billion isk each month.

For the accountants amongst you that will mean come July 2026 i will have a number of free months of Omega to come including one account Omega all the way to October 2027!

If i did what i used to do which was to buy 3 months of Omega i would be spending 7x6.2x1200/3 = 17 billion isk a month.  So the 20% discount and 12 month purchase was a good deal.

The basic numbers for May

In April i had sales of 191bn isk vs April of 176bn.  So a rise of 8% but way below the average of 325bn.

A slow month and i am hearing the same story from other market participants and i can see it in the Monthly Economic Report that shows lower Transaction Fees.

Does not feel like June has got off to a better start.

This comes to average daily sales of 6.4bn isk.  In other words, each evening i expect to see across all my accounts an additional 6.4bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.

The good news is that i sense competition is lessening.  I have a much lower number of orders to update each day.  Therefore, margins are starting to recover.

Item profits were 38bn isk which is a margin of 20% (38/191).  So still below the 25% target but improving.

I have been thinking about my margin flucturation recently.  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.

Taxes and Courier fees came to 21bn isk.  Within this, the broker relisting fees came to 3.1% 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.

That takes the Trading Profits to 17bn isk and so a trading margin of 9.1% (17/191).  So getting back to the 16% target margin.

And then from this 17bn profits i pay the 12bn Omega and then the 91bn of distributions.

That was how 191 billion isk of sales became 85 billion isk decrease in wealth.

My Sales Strategy within my Regional Trading Business

Regional Trading is about 80%-90% of my Eve Online business.  Other Revenue streams are growing faster but Regional Trading remains my bread and butter.

I redesigned how i operate each evening now that i use the Eve Excel Addin fully within my business.

It takes 10 minutes to go through my trading locations to work out what needs to be bought from Jita to be sold and also what Sell Orders need to be updated.

It takes 10 minutes to buy the items from Jita and set up courier contracts and adjust all the noted Sell Orders.

And then 5 minutes to put the couriered items up for Sale when they arrive later.

What used to take 45 minutes now takes 20-25 minutes.

And then once a weak i do a deeper dive into each trading location to see what new items i can sell.  That can take a full 20 minutes.

My overall strategy remains to Buy from Sell Orders in Jita to sell in the trading hubs in other Regions.

Within Regional Trading I don't sell consumable items such as ammunition given they tend to be high volume and very competitive.  That includes ships.

I rarely sell items used as components in manufacturing because the end buyer tends to be cost conscious (and armed with spreadsheets) and able to manufacture the items themselves if market prices are too high.

I sell items that are in low supply and sell very slowly.  These items tend to have very low competition - sellers want to get cash quickly and so don't bother in these items.  If i put an item on the market and it sells in 15 days that is fine with me.

These items also tend to be price insensitive - players will buy the item almost whatever the price.  The Buyer is much more interested in getting the item to use now rather than setting off to Jita to get it cheaper.

I sell items that are typically bought to kit a ship as a player progresses or has to replace a destroyed ship / pod.

Each month i sell 10-20% of what i had to sell at the start of the month.

I have a rule that the minimum profits have to be 100m isk.  It is no use me buying items for 5m to sell them for 15m.  The profitability may be great but that won't move the dials.  That said, it is surprising how many items i can buy for 120m from Jita Sell Orders and sell for 220m in the other trading hubs.  At that isk level, players re-equipping don't care about spending an additional 100m isk to save time.

And in the secondary trading hubs Amarr / Dodixie / Rens / Hek buyers will not travel even one jump to buy a cheaper item.  For example, i can post an item for sale in the main Rens Trading up for 300m, and even if one jump away the same item is for sale for 250m the item in the main Trading Hub will still be the item sold.

Therefore, i mostly sell Implants, Blueprints, ship equipment and some structure modules.

Manufacturing

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.

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 recording his ventures on on youtube which i have discussed elsewhere in this blog, most recently here and here . . . . . . though he has literally just stepped down.

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.  Everything now in 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.

In total, around 7% of revenues came from the seeded markets in May vs 15% in April, 7% in March, 13% in February, 12% in January and 6% in December.  So seems to be a bit all over the place for now.

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.

Alpha Accounts

I have 1 Alpha account with a character in Venal left.  All the others were upgraded to Omega last summer to start Skill Farming.

Old Accounts

This is my third outing in Eve Online.  I still have the characters of the prior two attempts and i have resurrected them all.  One account is Omega and does manufacturing the rest remain as Alpha for now.

This month i decided to combine them all into one Alliance, the Merchanting Industry Finance Philanthropy Alliance.

Plex

I had 18,300 Plex at the end of July 2025 and spent all of that buying 12 months of Omega across all my Omega accounts (and another 12 months on one account because i was too far into a bottle of red wine to notice).  So i have around 260 Plex left.

Thinking about whether or not to rebuild - for now i won't.  CCP seem to be taking actions to make this less lucrative so for now i will hold off.

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 307bn isk of items in Hangers.

Buy Orders

Buy Orders have varied over time and peaked in August at around 128bn.  I pulled out of station trading.

Buy orders are now purely used for my manufacturing.

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

ISK

I have 88 billion spare ISK kicking around.

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

I now have a new distribution policy where i will distribute all blocks of 50 billion isk above 100 billion.  So when cash gets to 150 billion i will distribute 50 billion.

Current Wealth

Current wealth is 2.390 trillion ISK made up from:

• Plex held as an investment 2bn ISK
• Items in hanger for sale 307bn ISK
• Items in hanger for use in business 11bn ISK
• Omega brought forward 12bn ISK
• Buy orders on the market 0bn ISK
• items for sale 2.46 trillion ISK
• less a 20% provision 492bn 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.

Month End Update - April 2026

I made profits of 4bn in April 2026, from this i made an accounting payment of 11bn to Omega my 7 accounts and then Asset Safety came along a dealt me a slammer.  More on this in another post but the bottom line is 105 billion of items into Asset Safety cost me 28 billion in total (18 billion write down + 10 billion fee).

Therefore, my wealth fell by 35bn to 2.475 trillion isk.

I was away for half the month and only focused on a series of taking an alpha account to Omega rather than the normal trading during this time.  That would have cost me 15-25 billion in profits.

But, that all said, this is proving to be a quiet market.

I have been giving away my wealth since July 2023 and so far have given away 538bn 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!

Total Sell Orders decreased from 2.6 billion to 2.4 trillion.  Buy Orders are now minerals for my manifesting business and are 10 billion.  Therefore, i have 2.4 trillion of Orders on the market.

2026 Aims

I discussed my aims for 2026 in this post.

My isk making aims are to stick to the core business of Regional Trading but also to expand into Manufacturing and Market Seeding.  And also give Low Sec / Null Sec a shot in trading - without soiling my pants.

The market seeding took a hit with one of the locations in Drone Lands getting hit more below.

Manufacturing is more sporadic - more below.

My non-isk making aims are to see if my Alliance joins someone else's and to continue to give away my isk.  (it makes me incredibly sad to think that one day many many years ago i logged off from World of Warcraft as normal with my character in the Auction House with several million gold and then to never log on again - i should have given it away over time).

And then Eve related - i did Fanfest and hope to attend a London Meetup.

The overriding point here is that this is a game.  I can't take my trillions with me into real life.  So lets have fun and bring enjoyment to the game for all.

Omega / "accounting payments"

In June 2025 i took part in the Omega sale and spent 143 billion isk to buy 12 months Omega on all my 7 accounts.  That 143 billion isk counts to me as an asset in my wealth and i will reduce it by 12 billion each month to wind it down to zero when the Omega runs out.

Therefore, each month i will have this "accounting payment" of 12 billion isk.

More details in the section "Seven Omega Accounts to pay for" below.

Distribution Policy

My plan going forwards is to have 100 billion isk spare in my wallet, on top of isk in my manufacturing operation, for opportunities that come up and therefore i will distribute every surplus 50 billion - i.e. when i get to 100 billion isk in my wallet (on top of the isk in my manufacturing operations) i will distribute 50 billion.

I have increased the amount of ISK i want to carry in order to take advantage of any Market Seeding opportunities that come along.

I find there is no longer a "purpose" to watching my wealth rise like there was on the road to my first trillion.

Distributions

These days, the aim is to distribute my profits to the Oz Tank Show or other ventures that generate content in Eve Online.  Watching the numbers go up was great in the first trillion but lacks purpose onwards.

So far i have given 538bn to Eve shows:

260bn isk to the Oz Tank Show

142.5bn to The Oz Show

50bn to the twitch show TheOneAndOnlySidar

50bn to Gamingsincethe70s

20bn to the podcast Declarations of War to sponsor it.

13.2bn to the Nth_Dimensional Twitch show

1.6bn to the Raff_About_It Twitch show

The Oz Tank Show started in July 2023 and i have generated profits of 1.8 trillion in the July 2023 - April2026 period (after Omega costs) and distributed 538 billion.

So that leaves 1.2 trillion isk to distribute to some venture(s).

Seven Omega Accounts to pay for

I took advantage of the 20% plex discount and added another 12 months on all my accounts in June 2025.

In June i spent 143 billion isk buying 12 months of Omega for 7 accounts and another 12 months for one of those accounts because i was too far into a bottle of red to be paying attention (1 of these accounts is a manufacturing account which was an old account going back to 2012 that has been in alpha since around 2016).

My seven Omega accounts will come off Omega from July 2026 to September 2026 with one account going to October 2027.

Rather than being complicated and staggering the depreciation of this asset and figuring out how the extra 12 months will work - I will account for this in the normal way by saying from this July 2025 onwards 1/12 of the 143 billion will be recognised as a cost each month = 143/12 = 12 billion isk and the asset held in wealth will therefore reduce by 12 billion isk each month.

For the accountants amongst you that will mean come July 2026 i will have a number of free months of Omega to come including one account Omega all the way to October 2027!

If i did what i used to do which was to buy 3 months of Omega i would be spending 7x6.2x1200/3 = 17 billion isk a month.  So the 20% discount and 12 month purchase was a good deal.

The basic numbers for April

In April i had sales of 176bn isk vs March of 219bn.  So a fall of 20% and way below the average of 325bn.  But i was away for half the time.

But still a very slow month and i am hearing the same story from other market participants and i can see it in the Monthly Economic Report that shows lower Transaction Fees.

This comes to average daily sales of 5.9bn isk.  In other words, each evening i expect to see across all my accounts an additional 5.9bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.

The good news is that i sense competition is lessening.  I have a much lower number of orders to update each day.  Therefore, margins are starting to recover.

Item profits were 28bn isk which is a margin of 16% (28/176).  So back below the 25% target.

Taxes and Courier fees came to 24bn isk.  Within this, the broker relisting fees came to 3.4% 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.

That takes the Trading Profits to 4bn isk and so a trading margin of 2.3% (4/176).  A very poor show.

And then from this 4bn profits i pay the 12bn Omega and then the Asset Safety costs of 28 billion meant my wealth fell by 36 billion.

That was how 176 billion isk of sales became 36 billion isk decrease in wealth.

My Sales Strategy within my Regional Trading Business

Regional Trading is about 89% of my Eve Online business.  Other Revenue streams are growing faster but Regional Trading remains my bread and butter.

I redesigned how i operate each evening now that i use the Eve Excel Addin fully within my business.

It takes 10 minutes to go through my trading locations to work out what needs to be bought from Jita to be sold and also what Sell Orders need to be updated.

It takes 10 minutes to buy the items from Jita and set up courier contracts and adjust all the noted Sell Orders.

And then 5 minutes to put the couriered items up for Sale when they arrive later.

What used to take 45 minutes now takes 20-25 minutes.

And then once a weak i do a deeper dive into each trading location to see what new items i can sell.  That can take a full 20 minutes.

My overall strategy remains to Buy from Sell Orders in Jita to sell in the trading hubs in other Regions.

Within Regional Trading I don't sell consumable items such as ammunition given they tend to be high volume and very competitive.  That includes ships.

I rarely sell items used as components in manufacturing because the end buyer tends to be cost conscious (and armed with spreadsheets) and able to manufacture the items themselves if market prices are too high.

I sell items that are in low supply and sell very slowly.  These items tend to have very low competition - sellers want to get cash quickly and so don't bother in these items.  If i put an item on the market and it sells in 15 days that is fine with me.

These items also tend to be price insensitive - players will buy the item almost whatever the price.  The Buyer is much more interested in getting the item to use now rather than setting off to Jita to get it cheaper.

I sell items that are typically bought to kit a ship as a player progresses or has to replace a destroyed ship / pod.

Each month i sell 10-20% of what i had to sell at the start of the month.

I have a rule that the minimum profits have to be 100m isk.  It is no use me buying items for 5m to sell them for 15m.  The profitability may be great but that won't move the dials.  That said, it is surprising how many items i can buy for 120m from Jita Sell Orders and sell for 220m in the other trading hubs.  At that isk level, players re-equipping don't care about spending an additional 100m isk to save time.

And in the secondary trading hubs Amarr / Dodixie / Rens / Hek buyers will not travel even one jump to buy a cheaper item.  For example, i can post an item for sale in the main Rens Trading up for 300m, and even if one jump away the same item is for sale for 250m the item in the main Trading Hub will still be the item sold.

Therefore, i mostly sell Implants, Blueprints, ship equipment and some structure modules.

Manufacturing

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.

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 three 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 recording his ventures on on youtube which i have discussed elsewhere in this blog, most recently here and here.

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.  Everything now in 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.

In total, around 15% of revenues came from the seeded markets in April vs 7% in Marrch, 13% in February, 12% in January and 6% in December.  So seems to be mostly over 10%.

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.

Alpha Accounts

I have 1 Alpha account with a character in Venal left.  All the others were upgraded to Omega last summer to start Skill Farming.

Old Accounts

This is my third outing in Eve Online.  I still have the characters of the prior two attempts and i have resurrected them all.  One account is Omega and does manufacturing the rest remain as Alpha for now.

This month i decided to combine them all into one Alliance, the Merchanting Industry Finance Philanthropy Alliance.

Plex

I had 18,300 Plex at the end of July 2025 and spent all of that buying 12 months of Omega across all my Omega accounts (and another 12 months on one account because i was too far into a bottle of red wine to notice).  So i have around 260 Plex left.

Thinking about whether or not to rebuild - for now i won't.  CCP seem to be taking actions to make this less lucrative so for now i will hold off.

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.

Also, given i was skill farming i hada number of Skill Extractors and Large Skill Injectors sitting in hangers waiting to be used / sold - these are being sold down over time.

In addition, i have 105 billion of Sell Orders up in Drone Lands that ended up in Asset Safety.  That 105 billion before the markup was 88 billion and given price declines over the lost few months that is now worth 66 billion.

In all, some 307bn isk of items in Hangers.

Buy Orders

Buy Orders have varied over time and peaked in August at around 128bn.  I pulled out of station trading.

Therefore, the Buy Orders now reflect my manufacturing business and its requirement for minerals.  So far, the Buy Orders mostly satisfy the demands of the Manufacturing business.

ISK

I have 185bn spare ISK kicking around.

For the last 12 months the average ISK in wallets has been over 100bn compared to around 50bn before this.

The reason for his is purely real life being busy and so not having the time to make sure everything is invested.

I have seeded the player owned station in Khanid.  Perhaps more to go but most of it has been done.  And another location i think to happen in December.

I am also seeding a player owned station deep in low sec though i also think i have reached my level here also.

I now have a new distribution policy where i will distribute all blocks of 50 billion isk above 100 billion + manufacturing isk in my wallet.

Current Wealth

Current wealth is 2.475 trillion ISK made up from:

• Plex held as an investment 2bn ISK
• Items in hanger for sale 307bn ISK
• Items in hanger for use in business 11bn ISK
• Omega brought forward 24bn ISK
• Buy orders on the market 10bn ISK
• items for sale 2.42 trillion ISK
• less a 20% provision 484bn ISK
• ISK in wallet 185bn 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.