JS Global Life (01691) announced that the Group expects to record a net loss not exceeding $22.5 million for the fiscal year ending December 31, 2025. It is projected that the adjusted net profit will be no less than $29 million. For the 2024 fiscal year, the Group achieved a net profit of approximately $8.8 million and an adjusted net profit of about $7.1 million. The core business maintained a steady growth trend during the year.

The anticipated net loss for the 2025 fiscal year is primarily attributed to: (i) Strategic investments in Asia-Pacific market expansion: To establish a solid foundation for long-term growth, the Group continued to increase investments in brand building, product promotion, expansion of the omni-channel network, and enhancement of organizational capabilities in the Asia-Pacific region throughout 2025. Although the related expenses recognized in the current period impacted short-term profitability, these expenditures provide crucial support for the Group's future business expansion and market share growth. Operations in this region are currently in a positive development phase, with long-term value expected to be realized progressively; (ii) Decrease in related-party procurement services: Revenue from procurement services provided to a subsidiary of SharkNinja, Inc. has declined; (iii) Non-cash impact of share-based payments: Losses from the fair value of restricted share awards and related administrative expenses.

Excluding the effects of the aforementioned non-operational and non-cash items from points (ii) and (iii), the Group's adjusted net profit for 2025 demonstrates a strong rebound, returning to a growth trajectory. The significant increase in adjusted net profit is mainly due to: 1. A notable recovery in the Group's core business during the year, with overall revenue improving driven by robust organic growth; 2. Continuous optimization of operational efficiency across the Group's subsidiaries, with the profitability of some subsidiaries significantly strengthening, contributing positively to the Group's overall profits; 3. Ongoing efforts by the Group to strengthen cost-control measures, resulting in a decrease in the overall expense ratio.