Agile Group Holdings (3383) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB10,861 million, down 20.0% year-over-year, with a gross loss of RMB2,048 million and a gross loss margin of 18.9%.

• Loss attributable to shareholders increased 10.0% year-over-year to RMB8,830 million, while total loss for the period was RMB6,146 million, a 16.8% decrease from H1 2025.

• The group delivered approximately 1,600 units in 12 cities, fulfilling delivery commitments despite market headwinds, and maintained a land bank of 25.03 million sq.m. in 68 cities.

• The real estate market remained challenging, with pre-sold property value down 26.5% year-over-year and liquidity under pressure.

Financial highlights

• Revenue declined 20.0% year-over-year to RMB10,861 million; gross loss increased 123.0% to RMB2,048 million; gross loss margin was 18.9%.

• Net loss narrowed by 16.8% to RMB6,146 million, but loss attributable to shareholders rose to RMB8,830 million.

• Basic loss per share was RMB1.750, up from RMB1.591 year-over-year.

• Total assets declined 4.6% to RMB163,498 million; cash and cash equivalents at RMB3,294 million; total cash and bank balances stood at RMB4,514 million as of 30 June 2026.

• Net finance income was RMB45 million, reversing a net finance cost of RMB361 million in the prior year.

Outlook and guidance

• 2026 is seen as a transition year for the real estate sector, with policy support expected to drive gradual recovery.

• The group will focus on accelerating pre-sales, expediting delivery, and restructuring offshore debt to stabilize operations.

• Land bank stands at 25.03 million sq.m. across 68 cities, with a focus on the Pearl River Delta and Yangtze River Delta.