NAASNasdaqRetail-Retail Stores, NEC

NaaS Technology Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026

$2.99+0.03 (+1.02%)

Close on Oct 19, 2026

NaaS Technology Inc. income statement

AnnualQuarterlyTTM

CNY USD

Millions of CNY, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	125	201	233	93	33	6.16	1,529	1,272	969	711	529
Cost of Revenue	18	112	170	87	30	6.55	695	577	452	364	347
Gross Profit	108	89	63	6.17	3.87	356	835	695	517	347	183
Research & Development	15	42	62	37	30	18	–	–	–	–	–
Selling, General & Admin	284	574	1,007	2,415	228	58	323	488	518	277	232
Selling & Marketing	151	199	439	241	193	46	307	246	178	128	97
General & Administrative	133	375	568	2,174	34	12	15	242	340	148	136
Advertising Expenses	7.33	22	40	25	18	5.13	177	136	80	64	39
Operating Expenses	380	916	1,142	2,474	258	83	15	488	518	277	232
Operating Income	-266	-807	-1,055	-2,460	-254	-76	-15	208	-0.63	71	-49
Interest Expense	–	–	0.78	1.09	1.10	0.30	34	34	27	6.07	–
Interest & Investment Income	–	–	–	–	0.00	0.01	0.08	26	20	17	18
Other Non-Operating Income	–	–	–	–	–	27	10	15	6.59	4.39	0.25
Asset Impairment Charges	82	301	74	22	4.07	0	0	0	0	0	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	-0.09	0.01	0.09	-0.03	-0.02	-0.49
Pretax Income	-450	-932	-1,303	-5,628	-255	-76	-15	214	-0.68	83	-33
Income Tax Expense	0	-19	3.31	9.86	5.32	1.47	71	72	53	32	-1.12
Income from Continuing Operations	-425	-908	-1,294	-5,637	249	-18	-15	–	–	–	–
Income from Discontinued Operations	-25	-6.40	-13	–	-498	-115	163	–	–	–	–
Net Income incl. Noncontrolling Interests	-450	-914	-1,307	-5,637	-260	-78	145	142	-54	51	-32
Minority Interest in Earnings	–	–	–	–	9.70	9.01	3.54	-0.52	-5.63	-3.08	-5.46
Net Income	-439	-913	-1,307	-5,637	-260	-78	148	143	-48	54	-26
Net Income to Common	439	913	1,307	-5,637	-260	-78	–	–	–	–	–
EPS (Basic)(per share)	0.05	0.35	0.58	-2.92	-0.16	-0.05	1.31	1.26	-0.47	0.54	-0.26
EPS (Diluted)(per share)	0.05	0.35	0.58	-2.92	-0.16	-0.05	1.29	1.23	-0.47	0.54	-0.26
Shares Outstanding (Basic, Weighted)(shares)	9,734	2,631	2,260	1,928	1,648	1,648	113	114	102	100	100
Shares Outstanding (Diluted, Weighted)(shares)	9,734	2,631	2,260	1,928	0	113	114	116	102	100	100
EBITDA	–	–	–	–	–	8.13	55	266	49	141	42

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 85.9%
Operating margin: -212.4%
Net margin: -350.8%
Return on equity, FY2025: –

Financial strength

Current ratio: 0.19
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 7.2%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.