Geekplus Announces Strong 2025 Interim Results: Revenue and Profit Soar, Adjusted EBITDA Turns Positive

Rhea-AI Summary

Geekplus (HKG:2590) reported strong interim results for H1 2025, with revenue surging 31.0% year-over-year to RMB 1.025 billion. The company's gross profit increased 43.1% to RMB 360 million, with gross margin improving to 35.1%.

Notable achievements include the company's first positive adjusted EBITDA of RMB 11.62 million, a significant turnaround from the previous year's negative RMB 169.83 million. Order intake grew 30.1% to RMB 1.760 billion, with international revenue accounting for 79.5% of total revenue. The company maintains its position as the world's largest warehouse fulfillment robotics solution provider, serving over 65 Forbes Global 500 companies with an 80%+ customer repurchase rate.

Positive

• First-time positive adjusted EBITDA of RMB 11.62 million, marking significant profitability improvement
• Revenue growth of 31.0% YoY to RMB 1.025 billion
• Strong gross margin improvement to 35.1% with international business achieving 46.2%
• Narrowed adjusted net loss by 94.0% to RMB 11.9 million
• High customer retention with 80%+ repurchase rate
• Strong international presence with 79.5% revenue from outside Mainland China

Negative

• Still operating at a net loss, though significantly reduced

HONG KONG, Sept. 3, 2025 /PRNewswire/ -- Geekplus (Stock Code: 2590.HK), a global leader in intelligent robotics, has announced its unaudited interim results for the six months ended June 30, 2025.

The company reported robust financial performance with revenue increasing by 31.0% year-on-year to RMB 1.025 billion. Gross profit rose by 43.1% year-on-year to RMB 360 million, with gross margin improving to 35.1%. The adjusted net loss narrowed significantly by 94.0% to RMB 11.9 million. Notably, adjusted EBITDA turned positive to RMB 11.62 million, a substantial improvement from a negative RMB 169.83 million in the same period last year, indicating a fundamental enhancement in profitability.

Order intake also saw strong growth, reaching RMB 1.760 billion, a year-on-year increase of 30.1%. This included another single order exceeding RMB 100 million. Revenue from outside Mainland China accounted for 79.5% of the total, underscoring the success of the company's global strategy, with the international business achieving a gross margin of 46.2%.

Geekplus continues to lead among Hong Kong-listed robotics companies in revenue scale and has strengthened its position as the world's largest warehouse fulfillment robotics solution provider for the sixth consecutive year. The company serves over 65 Forbes Global 500 companies and has a total of over 850 end customers, with a customer repurchase rate exceeding 80%. The company also added over 60 new end customers, making significant progress in the grocery retail, food and beverage industries.

These results demonstrate Geekplus' strong growth momentum and leading commercialization capabilities, bringing the company close to a profitability inflection point.

Geekplus' full-stack AI technology architecture has formed significant technical barriers, and it is one of the few enterprises in the industry that has realized the AI commercialization loop.

In the future, Geekplus will focus on four key areas—R&D in embodied intelligence, global market expansion, ESG-driven sustainable development, and talent development—to further consolidate its leading position in the industry and advance the achievement of strategic goals.

About Geekplus 

Geekplus is a global leader in mobile robotics technologies. We develop innovative robotics solutions for order fulfilment. More than 770 global industry leaders use our solutions to realize flexible, reliable, and highly efficient automation for warehouses and supply chain management.    

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SOURCE Geek+

FAQ

What were Geekplus's (HKG:2590) key financial results for H1 2025?

Geekplus reported revenue of RMB 1.025 billion (up 31.0% YoY), gross profit of RMB 360 million (up 43.1% YoY), and its first positive adjusted EBITDA of RMB 11.62 million.

How much did Geekplus reduce its losses in H1 2025?

Geekplus narrowed its adjusted net loss by 94.0% to RMB 11.9 million, and achieved positive adjusted EBITDA of RMB 11.62 million compared to negative RMB 169.83 million in the previous year.

What is Geekplus's international market performance in 2025?

International business accounted for 79.5% of total revenue, with international operations achieving a higher gross margin of 46.2%.

How strong is Geekplus's customer retention and market position?

Geekplus maintains an 80%+ customer repurchase rate, serves over 65 Forbes Global 500 companies, and remains the world's largest warehouse fulfillment robotics solution provider for the sixth consecutive year.

What was Geekplus's order intake for H1 2025?

Order intake reached RMB 1.760 billion, representing a 30.1% year-on-year increase, including a single order exceeding RMB 100 million.