Agile Group Holdings (3383) H2 2025 earnings summary

Executive summary

• Revenue declined 35.7% year-over-year to RMB27,859 million, with a net loss of RMB21,983 million, up 25.3% from 2024.

• Gross loss widened to RMB4,906 million, with a gross loss margin of 17.6%.

• Loss attributable to shareholders increased 31.1% to RMB22,569 million; basic loss per share was RMB4.473.

• The year was marked by significant impairments, losses from subsidiary disposals, and higher income tax expenses.

• The Group faces severe liquidity challenges, with ongoing debt restructuring and a winding-up petition filed in Hong Kong.

Financial highlights

• Revenue: RMB27,859 million (down from RMB43,346 million in 2024).

• Gross loss: RMB4,906 million (vs. RMB521 million in 2024).

• Net loss: RMB21,983 million (vs. RMB17,539 million in 2024).

• Cash and bank balances: RMB5,579 million as of 31 December 2025.

• Total borrowings: RMB46,806 million; net gearing ratio rose to 229.6%.

Outlook and guidance

• Focus remains on accelerating property pre-sales, expediting delivery, and prudent development in key city clusters.

• Ongoing efforts to restructure offshore debt and enhance financial flexibility.

• Real estate market in China expected to stabilize, but benefits of policy support not yet fully realized.