Vobile Group (3738) investor relations material

Executive summary

• Revenue for 1H 2026 grew 24% year-over-year to HK$1,805 million, with net profit up 92.7% to HK$195 million and gross margin improving to 44.9%.

• Platform compute services and AI content services transitioned to commercial execution, generating over US$10 million in compute service revenue.

• Expanded client base and deepened account penetration across global content and platform companies, with high retention rates.

• No interim dividend was declared for the period.

Financial highlights

• Subscription services revenue rose 17.7% year-over-year to HK$718 million, with value-added and other services revenue up 28.5% to HK$1,087 million.

• Adjusted net profit reached HK$194 million, up 60.3% year-over-year; adjusted EBITDA increased to HK$344 million.

• Basic EPS was HK$0.0741, up from HK$0.0442 in 1H 2025.

• US and other regions revenue rose 27.1% year-over-year to HK$927 million; Chinese Mainland revenue increased 20.9% to HK$878 million.

• Cash and cash equivalents stood at HK$896 million as of 30 June 2026.

Outlook and guidance

• Strategic focus on expanding AI service capabilities, platform-based business, and supporting both large and small content creators.

• Continued investment in AI, Web3, and digital asset trading platforms to drive future growth.

• API-based services and platform integrations are positioned as core growth engines.