Black Sesame International Holding Limited (Stock Code: 02533) announced that, based on its preliminary unaudited consolidated management accounts for the year ended December 31, 2025, revenue is anticipated to exceed RMB800.00 million, up more than 68.70% from 2024. The company expects a net loss of no more than RMB1,480.00 million and an operating loss of no more than RMB1,500.00 million, representing a reduction in operating loss of at least 14.40% compared with 2024.

This projected revenue growth is attributed to the expansion of advanced driver assistance and solutions in passenger vehicles, increased volume deliveries for L2–L3 commercial vehicles, and L4 unmanned logistics scenarios, as well as a substantial rise in robotics business revenue. The expected net loss is primarily driven by the group’s intensified investments in artificial intelligence and computing power, share-based compensation expenses of at least RMB300.00 million, and a reduction in fair value gains due to preferred shares converting to ordinary shares upon listing.

According to the announcement, the above figures have not yet been audited and may be subject to further adjustments. The final results for 2025 are expected to be published by late March 2026.