Here Group Income Statement

Financials in millions CNY. Fiscal year is July - June.

Millions CNY. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	1,493	2,726	3,795	3,081	2,868	1,760
Revenue Growth (YoY)	-57.13%	-28.19%	23.17%	7.44%	62.96%	-
Cost of Revenue	443.77	503.73	550.31	391.5	408.76	178.93
Gross Profit	1,049	2,222	3,245	2,690	2,459	1,581
Selling, General & Admin	893.13	1,726	2,713	2,584	2,421	1,795
Research & Development	66.98	98.53	144.87	219.78	273.48	116.27
Operating Expenses	960.1	1,825	2,858	2,803	2,695	1,912
Operating Income	89.08	396.9	387.41	-113.61	-235.38	-330.53
Interest & Investment Income	6.35	5	10.52	5.33	0.39	0.44
Earnings From Equity Investments	1.39	1.39	-	-	-	-
Other Non Operating Income (Expenses)	6.42	9.15	10.51	12.08	15.02	12.69
EBT Excluding Unusual Items	103.24	412.44	408.44	-96.2	-219.97	-317.4
Impairment of Goodwill	-	-	-7.39	-	-	-
Gain (Loss) on Sale of Investments	48.94	48.94	18.45	9.24	4.89	2.4
Asset Writedown	-	-	-2.65	-	-	-
Other Unusual Items	8.11	8.11	-	-	-	-
Pretax Income	160.29	469.49	416.86	-86.97	-215.08	-315
Income Tax Expense	62.33	112.92	31.33	21.69	18.35	1.04
Earnings From Continuing Operations	97.95	356.57	385.53	-108.65	-233.43	-316.04
Minority Interest in Earnings	1.08	2.16	-	0.12	-	-
Net Income	417.48	358.73	385.53	-108.54	-233.43	-316.04
Preferred Dividends & Other Adjustments	-	-	-	22.38	25.64	214.92
Net Income to Common	417.48	358.73	385.53	-130.92	-259.07	-530.95
Net Income Growth	-0.29%	-6.95%	-	-	-	-
Shares Outstanding (Basic)	-	54	55	35	16	14
Shares Outstanding (Diluted)	-	55	57	35	16	14
Shares Change (YoY)	-	-2.85%	63.59%	110.97%	19.57%	-
EPS (Basic)	-	6.67	7.01	-3.78	-15.77	-38.66
EPS (Diluted)	-	6.51	6.81	-3.78	-15.78	-38.67
EPS Growth	-	-4.41%	-	-	-	-
Free Cash Flow	-	180.79	279.08	229.87	268.08	73.6
Free Cash Flow Per Share	-	3.28	4.92	6.63	16.32	5.36
Gross Margin	70.28%	81.52%	85.50%	87.30%	85.75%	89.83%
Operating Margin	5.97%	14.56%	10.21%	-3.69%	-8.21%	-18.78%
Profit Margin	27.96%	13.16%	10.16%	-4.25%	-9.03%	-30.17%
Free Cash Flow Margin	-	6.63%	7.35%	7.46%	9.35%	4.18%
EBITDA	99.4	405.45	392.43	-109.89	-224.78	-323.11
EBITDA Margin	6.66%	14.88%	10.34%	-3.57%	-7.84%	-18.36%
D&A For EBITDA	10.32	8.55	5.01	3.71	10.6	7.42
EBIT	89.08	396.9	387.41	-113.61	-235.38	-330.53
EBIT Margin	5.97%	14.56%	10.21%	-3.69%	-8.21%	-18.78%
Effective Tax Rate	38.89%	24.05%	7.51%	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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