VALA (02051) announced its performance in 2025, with adjusted net loss of 98.506 million yuan, an increase of 141.6% year-on-year.

VALA (02051) announced the performance in 2025, with a profit of approximately 243 million yuan, an 8.2% year-on-year increase; a net loss of approximately 151 million yuan for the year, an increase of 118.9% year-on-year; and an adjusted net loss of 98.506 million yuan, an increase of 141.6% year-on-year. The announcement stated that the increase in losses was mainly due to: (i) investment losses of approximately 36.3 million yuan generated from the sale of individual subsidiaries and investments in associated companies up to December 31, 2025, while no relevant losses were incurred up to December 31, 2024; (ii) the promotion of the valalife business leading to a significant increase in related marketing and advertising expenses, which increased by approximately 54.9% from about 25.6 million yuan as of December 31, 2024 to about 39.6 million yuan as of December 31, 2025; and (iii) a decrease in income from credit matching business by about 43.2% to 33.3 million yuan year-on-year, due to a decrease in the volume of credit matching business, resulting in a decrease in the overall net profit of the credit matching business.