NaaS Technology Inc. (NAAS)

NaaS Technology Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	156.29	200.98	233.36	92.81	33.45	6.16
Revenue Growth (YoY)	-56.33%	-13.88%	151.43%	177.45%	442.80%	-
Cost of Revenue	39.03	112.43	170.17	86.65	29.59	6.55
Gross Profit	117.26	88.54	63.19	6.17	3.87	-0.38
Selling, General & Admin	392.96	573.51	1,007	4,328	227.8	58.41
Research & Development	16.82	42.07	61.61	36.56	30.25	17.64
Other Operating Expenses	-7.66	-20.93	-24.08	-7.32	-0.14	-
Operating Expenses	402.11	594.65	1,045	4,357	257.91	76.06
Operating Income	-284.85	-506.11	-981.39	-4,351	-254.05	-76.44
Interest Expense	-32.85	-38.01	-31.16	-10.24	-1.1	-0.3
Other Non Operating Income (Expenses)	142.08	-1.4	-117.22	-3,159	-	0.32
EBT Excluding Unusual Items	-175.62	-545.52	-1,130	-7,520	-255.14	-76.42
Merger & Restructuring Charges	-	-	-	1,913	-	-
Gain (Loss) on Sale of Investments	-13.82	-80.75	-87.14	1.75	-	-
Asset Writedown	-284.86	-300.92	-73.82	-22.04	-	-
Pretax Income	-474.3	-927.19	-1,291	-5,628	-255.14	-76.42
Income Tax Expense	-11.96	-19.15	3.31	9.86	5.32	1.47
Earnings From Continuing Operations	-462.34	-908.04	-1,294	-5,637	-260.46	-77.9
Earnings From Discontinued Operations	-23.55	-6.4	-13.12	-	-	-
Net Income to Company	-485.9	-914.44	-1,307	-5,637	-260.46	-77.9
Minority Interest in Earnings	1.35	0.96	0.24	-	-	-
Net Income	-484.54	-913.48	-1,307	-5,637	-260.46	-77.9
Net Income to Common	-484.54	-913.48	-1,307	-5,637	-260.46	-77.9
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
Shares Change (YoY)	55.20%	16.42%	17.22%	17.01%	-	-
EPS (Basic)	-409.68	-1111.15	-1850.69	-9357.85	-505.89	-151.30
EPS (Diluted)	-536.87	-1127.79	-1850.69	-9357.85	-512.00	-160.00
Free Cash Flow	-	-179.14	-573.93	-603.25	-219.72	-56.94
Free Cash Flow Per Share	-	-217.90	-812.73	-1001.38	-426.76	-110.59
Gross Margin	75.03%	44.06%	27.08%	6.64%	11.56%	-6.23%
Operating Margin	-182.25%	-251.83%	-420.54%	-4688.02%	-759.41%	-1240.34%
Profit Margin	-310.02%	-454.52%	-560.03%	-6073.83%	-778.59%	-1263.95%
Free Cash Flow Margin	-	-89.13%	-245.94%	-649.96%	-656.80%	-923.90%
EBITDA	-275.52	-496.38	-972.52	-4,351	-253.99	-
EBITDA Margin	-176.28%	-246.98%	-	-	-	-
D&A For EBITDA	9.33	9.73	8.87	0.38	0.06	-
EBIT	-284.85	-506.11	-981.39	-4,351	-254.05	-76.44
EBIT Margin	-182.25%	-251.82%	-	-	-	-
Advertising Expenses	-	22.38	39.86	24.84	17.93	5.13

Updated Jul 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q