Agile Group Holdings (3383) H1 2025 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2025 was RMB13,574 million, down 35.8% year-over-year, with property development and property management contributing nearly equally to revenue.

• Gross loss narrowed by 50.9% to RMB919 million, and loss attributable to shareholders decreased 17.0% to RMB8,030 million; net loss for the period was RMB7,387 million, both improved from the prior year.

• The Group delivered 6,700 units in 24 cities, fulfilling delivery commitments despite a challenging real estate market.

• Aggregate pre-sold value dropped 42.5% year-over-year to RMB5.17 billion, with a 32.7% decrease in average pre-sold price.

• The business environment remained challenging, with significant declines in property sales and pre-sold value.

Financial highlights

• Revenue: RMB13,574 million (down 35.8% year-over-year).

• Gross loss: RMB919 million (down 50.9% year-over-year); gross loss margin improved to 6.8%.

• Net loss for the period: RMB7,387 million (down from RMB8,900 million); loss attributable to shareholders: RMB8,030 million (down 17.0% year-over-year).

• Basic loss per share: RMB1.591 (down from RMB1.917 year-over-year).

• Cash and bank balances: RMB5,507 million as of 30 June 2025.

Outlook and guidance

• Real estate policies are expected to focus on stabilizing demand and preventing risks, with gradual market improvement anticipated.

• The Group aims to accelerate property pre-sales, focus on key city clusters, expedite delivery, and prioritize offshore debt restructuring, with a preliminary plan targeted by year-end 2025.