Mobile robotics maker Beijing Geekplus Technology Co. Ltd. (2590.HK) said on Tuesday it expects to report revenue of between 3.14 billion yuan ($454 million) and 3.18 billion yuan for 2025, up 30% to 32% year-over-year. Its net loss for the year narrowed sharply to between 10 million yuan and 30 million yuan, marking a 96% to 99% year-on-year improvement.
The company said it was profitability last year on a non-IFRS basis, swinging from a 92 million yuan loss in 2024 to a net profit of 25 million yuan to 45 million yuan. Geekplus attributed its revenue growth to increased deliveries of its warehouse autonomous mobile robot (AMR) solutions, which also lifted its gross margins.
Shares of Geekplus opened up 2.4% at HK$26.68 on Wednesday. The stock is up almost 60% from its listing price last July.
By Lau Chi Hang
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