Quarterly ResultMay 29, 2026, 11:51 AM
Autozi H1 2026 Net Loss $13.8M; Revenue Down 63.1%
AI Summary
Autozi Internet Technology (Global) Ltd. reported a net loss of $13.8 million for the first half of fiscal year 2026, a 163.5% increase from the prior year. Revenues decreased by 63.1% to $29.5 million, primarily due to disruptions in oil supply affecting the lubricant market and a strategic shift towards the new energy vehicle sector. Gross profit also saw a substantial decline of 82.5% to $0.24 million, while operating expenses increased by 64.6% to $15.6 million due to higher financing costs.
Key Highlights
- Net loss attributable to ordinary shareholders increased 163.5% to $13.8 million.
- Revenues decreased 63.1% to $29.5 million for the six months ended March 31, 2026.
- Gross profit declined 82.5% to $0.24 million.
- Gross margin dropped from 1.70% to 0.81%.
- Operating expenses increased 64.6% to $15.6 million, driven by higher financing expenses.
- Revenue decline was due to oil supply disruption and a strategic shift to new energy vehicles.
Price Impact
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