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HBM Holdings (2142) investor relations material

HBM Holdings H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary27 Aug, 2025

Executive summary

  • Achieved revenue of US$101.3 million and net profit of US$73.0 million for H1 2025, a significant increase from US$23.7 million revenue and US$1.4 million profit year-over-year.

  • Major global collaborations established with AstraZeneca, Otsuka, and Windward Bio, securing substantial upfront, milestone payments, and equity investments.

  • Advanced multiple clinical and preclinical programs in immunology, oncology, metabolic, and CNS diseases, with BLA acceptance for Batoclimab and new IND approvals.

Financial highlights

  • Revenue rose 327.5% year-over-year to US$101.3 million for H1 2025, mainly from molecule license fees (US$93.7 million) and research & technology license fees (US$7.6 million).

  • Net profit surged to US$73.0 million from US$1.4 million in H1 2024.

  • R&D costs increased to US$18.0 million, reflecting expanded clinical and discovery activities.

  • Cash and cash equivalents reached US$320.7 million as of June 30, 2025, up from US$166.8 million at year-end 2024.

  • Basic and diluted EPS were US$0.09, up from US$0.00 year-over-year.

Outlook and guidance

  • Confident in continued portfolio expansion and value realization through global partnerships, with plans to accelerate clinical trials and expand into immunology and inflammation.

  • Focus on optimizing discovery efficiency and expanding global collaboration networks.

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Frequently asked questions

HBM Holdings Limited is a China-based biopharmaceutical company focused on the discovery, development, and commercialization of innovative antibody therapeutics. The company utilizes its proprietary antibody technology platforms to develop a pipeline of monoclonal antibodies targeting various diseases, including cancer and autoimmune disorders. HBM Holdings conducts research and clinical development independently and through strategic partnerships in both domestic and international markets. The company is headquartered in Shanghai, China, and its shares are listed on the HKEX.

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