MOBVOI (02438) expects its first-half loss to narrow by over 99%.

MOBVOI (02438) announced that it is expected to achieve a year-on-year decrease of at least 99% in losses compared to the same period last year, with a loss of approximately 579 million yuan for the six months ending June 30, 2025. The main reason for this is attributed to the change in the book value of redeemable preferred shares and common shares. After adjusting for non-IFRS net losses, the company is expected to achieve a decrease of at least 96% compared to the same period last year, amounting to approximately 55.9 million yuan, approaching breakeven. Based on the available information, the board believes that the main reason for the change in losses during this period is the company's active promotion of the transformation towards "organizational AI", deeply integrating AI agents into core business processes and operational management systems to build an efficient, flexible, and self-evolving "AI-native workflow". Additionally, by continuously optimizing resource allocation and actively controlling expenses, the company has effectively improved operational efficiency.