Liposoluble molecules are a group of compounds that display potent biological and therapeutic properties. The present study aimed to identify liposoluble molecules produced by Ganoderma lipsiense grown in red rice medium using solid-state fermentation (SSF) techniques, and to investigate the antigiardial and antibacterial activities potential of extracts in in vitro. Eighteen fatty acids and derivatives were identified by GC-MS analysis in G. lipsense extract. Qualitative (Fourier transform infrared spectroscopy and nuclear magnetic resonance) characterizations identified the steroid ergosta-6,22-diene-3β,5α,8α-triol in purified hexane sub-fraction (HEXsf) F19, isolated from hexane fraction (HEXf) of crude extract (CE). Ergosta-6,22-diene-3β,5α,8α-triol exhibited significant inhibitory activity against Giardia duodenalis throphozoites (93.6%) in in vitro assays. CE and HEXf inhibited 95.38% and 92.74% of the G. duodenalis throphozoites in 100 μg mL^-1 , while CE and their fractions dichloromethane (DCMf) and ethyl acetate (EAf), showed antibacterial activities against Pseudomonas aeruginosa and Staphylococcus aureus at 500 μg mL^-1 . Importantly, some liposoluble compounds produced and identified in G. lipsiense are unpublished for this species. This is first report for the production of ergosta-6,22-diene-3β,5α,8α-triol by G. lipsiense and its antiparasitic activity. This article is protected by copyright. All rights reserved.