READBOY (02385) announced a net loss of approximately 119 million yuan for the year 2025, a year-on-year increase of approximately 97.96%.

READBOY (02385) announced its performance in 2025, achieving revenue of about 335 million yuan, a decrease of about 27.4% year-on-year; net loss of about 119 million yuan, an increase of about 97.96% year-on-year; and a loss per share of 36.6 cents. The announcement stated that the decrease in revenue was mainly due to a significant decrease in sales of student personal tablets, which had previously contributed a large portion of income to the group. The change in net loss was primarily due to (i) a decrease in gross profit of about 41.1 million yuan; (ii) a decrease in other income and gains of 15.5 million yuan; partially offset by (iii) a decrease in fair value loss of financial assets recognized in profit or loss of 10.5 million yuan. In 2025, the group's revenue performance was mainly affected by changes in student personal tablet sales, adjustments in channel structure, promotion rhythm in mainstream price bands, and sales point execution efficiency, while the monetization of several innovative projects was still in the early stages. Looking back on the year, the group continued to optimize the channel structure and sales point model of Wuxi Online Offline Communication Information Technology Co., Ltd., and promoted the implementation of "AI + education" capabilities to improve user experience and product competitiveness, providing support for the recovery of medium to long-term revenue and improvement in revenue quality.