LEMO SERVICES (02539) announced its performance for 2025 with a net profit attributable to equity shareholders of 93.731 million yuan, an increase of 9.23% year-on-year.

LEMO SERVICES (02539) announced its performance for the year 2025, with revenue of approximately 907 million yuan, a year-on-year increase of 13.63%; gross profit of about 305 million yuan, a year-on-year increase of 6.1%; net profit attributable to equity shareholders of the company was 93.731 million yuan, a year-on-year increase of 9.23%; adjusted net profit was approximately 112 million yuan, a year-on-year increase of 10.07%; earnings per share were 1.86 yuan. As of December 31, 2025, the number of massage chairs was approximately 100,300, a year-on-year increase of 6.52%; the number of massage pads was approximately 439,100, a year-on-year increase of 10.78%; and the number of service outlets was 49,877, a year-on-year increase of 8.44%. The announcement stated that the increase in gross profit was mainly attributed to the increase in the number of service sites and equipment deployment, growth in transaction order volume, and the company's entry into overseas markets and increased sales of massage equipment to overseas city partners. The group's gross profit margin decreased from approximately 36.07% for the year ended December 31, 2024 to approximately 33.67% for the year ended December 31, 2025, mainly due to (i) expansion of business scale and market penetration, leading to an increase in service site usage fees and costs of new massage equipment; and (ii) increase in operating and maintenance personnel expenses, these factors together resulted in a slowdown in gross profit growth.