JST GROUP (06687) announces a loss of approximately 1.655 billion yuan for 2025 attributable to equity holders, a turnaround from a profit to a loss compared to the previous year.

JST Group (06687) announced its performance in 2025, with revenue of approximately 1.142 billion yuan, an increase of 25.6% year-on-year; the company's equity holders are expected to have a loss of approximately 1.655 billion yuan, a turnaround from profit to loss compared to the previous year; adjusted net profit is around 231 million yuan, an increase of 282.2% year-on-year; loss per share is 7.27 yuan. The announcement stated that the increase in revenue is mainly due to the increase in the number of SaaS customers and total revenue from SaaS products. The loss is mainly attributed to the conversion of convertible redeemable preference shares issued before the IPO into ordinary shares, resulting in significant losses for the company.