Quarterly ResultMay 29, 2026, 11:32 AM
Autozi H1 FY2026 Revenue Down 63.1% to $29.5M; Net Loss Widens to $13.8M
AI Summary
Autozi Internet Technology reported unreviewed financial results for the first half of fiscal year 2026, with revenues decreasing by 63.1% to $29.5 million. This decline was attributed to disruptions in oil supply affecting the lubricant market and a strategic shift towards the new energy vehicle sector. The company's net loss attributable to ordinary shareholders significantly widened by 163.5% to $13.8 million, primarily due to short-term strategic investment expenses and increased operating investment during its business transformation.
Key Highlights
- Revenues decreased 63.1% to $29.5 million for the first half of fiscal year 2026.
- Gross profit declined 82.5% to $0.24 million, with gross margin dropping to 0.81%.
- Operating expenses increased 64.6% to $15.6 million, mainly due to higher financing expenses.
- Net loss attributable to ordinary shareholders widened 163.5% to $13.8 million.
- Company strategically shifted its focus towards the new energy vehicle sector.
- Total current assets increased to $49.0 million from $13.4 million as of September 30, 2025.
- Shareholders' deficit improved from $(24.8) million to $5.8 million.
Price Impact
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