Lianlian DigiTech (2598) H1 2026 earnings summary

Executive summary

• Total revenue for H1 2026 reached RMB875.6 million, up 11.9% year-over-year, driven by strong global payment and value-added services growth.

• Net profit was RMB10.9 million, significantly lower than H1 2025 due to the absence of one-off gains and increased losses from associates.

• The company advanced its AI-native and globalization strategy, launching new AI-powered payment products, expanding its global license portfolio, and forming new partnerships.

• Major new licenses were obtained in Canada and Dubai, expanding regulated operations to over 200 countries and regions.

Financial highlights

• Revenue: RMB875.6 million (+11.9% YoY); net profit: RMB10.9 million (vs. RMB1,511.3 million in H1 2025, which included one-off gains).

• Gross profit: RMB454.4 million (+11.9% YoY); gross margin stable at 51.9%.

• Global payment revenue: RMB600.9 million (+27.1% YoY); domestic payment revenue: RMB106.0 million (-49.8% YoY).

• Value-added services revenue: RMB164.2 million (+83.2% YoY), mainly from virtual bank cards.

• EBITDA (non-IFRS): RMB23.5 million; adjusted EBITDA flat YoY after excluding share-based compensation.

Outlook and guidance

• Focus on consolidating core payment business, deepening AI and blockchain integration, and expanding ecosystem partnerships.

• Continued investment in technology, license acquisition, and global expansion, leveraging Hong Kong as a global hub.