BlockBeats news: On March 2, MINIMAX-WP (00100.HK), a Hong Kong-listed company, released its full-year financial report for fiscal year 2025 after market close.
Total revenue of $79.038 million, a 158.9% year-over-year increase from $30.523 million in 2024;
AI-native product revenue reached $53.1 million, accounting for 67.2% of total revenue, a year-over-year increase of 143.4%, primarily driven by Hailuo AI, Talkie, and others;
Revenue from other open platforms and enterprise services amounted to $25.96 million, accounting for 32.8% of total revenue, a year-over-year increase of 197.8%.
More than 70% of revenue in 2025 came from international markets.
Gross profit of $20.1 million, a 437.2% year-over-year increase from $3.738 million in 2024;
Gross profit margin improved significantly to 25.4%, up 13.2 percentage points year-over-year from 12.2%, primarily due to economies of scale and cost optimization.
Net loss of approximately RMB 1.872 billion, a 302.3% increase year-over-year from RMB 465 million in 2024;
Adjusted net loss of $250.9 million, approximately RMB 1.78 billion, slightly increased from $244.2 million in 2024, but the adjusted net loss margin narrowed significantly, indicating improved operational efficiency.
R&D expenses amounted to approximately RMB 404 million, representing year-over-year growth; sales and marketing expenses amounted to approximately RMB 519 million, representing a year-over-year decline; and administrative expenses amounted to approximately RMB 368 million, representing a year-over-year increase.