Momenta Global (6880) investor relations material

Executive summary

• Revenue for H1 2026 rose 75.9% year-over-year to RMB 1,601.9 million, driven by strong growth in mass-produced vehicle solutions and global expansion.

• Gross profit increased 79.4% to RMB 1,173.0 million, with gross margin improving to 73.2%.

• Adjusted net loss narrowed by 97% to RMB 14 million, reflecting significant operational efficiency gains.

• The company completed its IPO on July 8, 2026, raising HK$5,656 million and converting all Preferred Shares into ordinary shares.

• Cumulative installations surpassed 1 million units, with 321,000 new units added in H1, and design wins expanded to 219 vehicle models across 26 OEMs.

Financial highlights

• Technical development (NRE) service revenue grew 81.5% to RMB 994.7 million, accounting for 62.1% of total revenue.

• Licensing revenue was RMB 607.2 million, supported by rapid Urban NOA penetration and stable ASP.

• Gross profit grew 75% year-over-year to RMB 1.2 billion.

• R&D expenses increased 19% year-over-year to RMB 1.2 billion; SG&A expenses rose 50% as global operations scaled.

• Net cash used in operating activities decreased 46.8% to RMB 381.1 million; cash reserves post-IPO at RMB 10,294.5 million.

Outlook and guidance

• Continued strategic investment in R&D, computing infrastructure, and commercialization of robot businesses in H2 2026.

• Expectation of further Urban NOA penetration and deployment of R7 world model in mass production vehicles.

• Plans to expand Robovan operations to more cities and enter the UAE in 2027, with global scaling by 2028.

• Robotaxi business targets testing licenses in over 10 cities by end-2026 and expansion to 30+ cities by 2027.