Quarterly ResultJun 5, 2026, 05:01 AM
Here Group revises FY2026 revenue guidance to RMB600-610M; announces $20M buyback
AI Summary
Here Group Limited announced its Q3 FY2026 unaudited financial results, reporting revenues of RMB164.7 million (US$23.9 million) and a net loss of RMB34.1 million (US$4.9 million). The company also significantly revised its full-year FY2026 revenue guidance downwards from RMB750.0-RMB800.0 million to RMB600.0-RMB610.0 million, citing near-term market realities. Additionally, the Board approved a new US$20.0 million share repurchase program for the period from July 2026 to June 2027.
Key Highlights
- Here Group approved a new US$20.0 million share repurchase program for July 2026 to June 2027.
- FY2026 revenue guidance revised significantly downwards to RMB600.0-RMB610.0 million.
- Q3 FY2026 revenues were RMB164.7 million (US$23.9 million).
- Q3 FY2026 net loss was RMB34.1 million (US$4.9 million).
- Q3 FY2026 adjusted net loss was RMB22.9 million (US$3.3 million).
- Q4 FY2026 revenue is projected to be RMB130.0-RMB140.0 million.
- As of June 1, 2026, US$12.8 million was repurchased under the 2025 program.
Price Impact
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