LEMO SERVICES (02539) has announced its financial results for 2025. Revenue reached approximately 907 million yuan, representing a year-on-year increase of 13.63%. Gross profit was about 305 million yuan, up 6.1% compared to the previous year. Profit attributable to equity shareholders amounted to 93.731 million yuan, a growth of 9.23% year-on-year. Adjusted net profit was approximately 112 million yuan, rising by 10.07% compared to the same period last year. Earnings per share stood at 1.86 yuan.

As of December 31, 2025, the number of massage chairs reached around 100,300 units, an increase of 6.52% year-on-year. The number of massage pads was approximately 439,100 units, up 10.78% from the previous year. The number of service outlets totaled 49,877, reflecting an 8.44% growth compared to the prior year.

The increase in gross profit was primarily attributed to the expansion of service websites and equipment deployment, growth in transaction order volume, and the company's entry into overseas markets with increased sales of massage equipment to overseas city partners.

The group's gross profit margin decreased from 36.07% for the year ended December 31, 2024, to approximately 33.67% for the year ended December 31, 2025. This decline was mainly due to (i) rising service website usage fees and costs associated with new massage equipment resulting from business scale expansion and deeper market penetration, and (ii) increased operational and maintenance personnel expenses. These factors collectively contributed to a slowdown in gross profit growth.