SenseTime (SENSETIME-W) released its audited results for the year ended 31 December 2025. Full-year revenue increased 32.9% year-on-year to RMB5.01 billion, the fastest pace in three years.

Gross profit reached RMB2.06 billion, up 27.0%, translating into a gross margin of 41.0% (2024: 42.9%).

Reported net loss narrowed 58.6% to RMB1.78 billion, while adjusted net loss fell 54.3% to RMB1.96 billion. EBITDA loss reduced 85.0% to RMB471.30 million; management highlighted that second-half EBITDA turned positive at RMB376.40 million, marking the first positive half-year since listing.

Segment performance showed Generative AI revenue up 51.0% to RMB3.63 billion, accounting for 72.4% of total turnover. Computer Vision contributed RMB1.08 billion, a 3.4% rise, while X Businesses generated RMB302.00 million, down 5.9% due to the deconsolidation of the Autonomous Driving unit in August 2025.

Operating expenses continued to trend lower: • R&D spending decreased 8.6% to RMB3.78 billion. • Selling expenses fell 13.1% to RMB569.21 million. • Administrative expenses dropped 16.2% to RMB1.23 billion.

Cost of sales grew 37.4% to RMB2.96 billion, driven mainly by higher hardware and subcontracting costs as well as expanded AIDC operations.

Cash flow metrics improved sharply. Operating cash outflow narrowed to RMB301.14 million from RMB3.93 billion a year earlier, and the cash conversion cycle shortened to 129 days (end-2024: 228 days). Cash and cash equivalents rose to RMB10.89 billion, with an additional RMB2.28 billion in term deposits; total borrowings stood at RMB5.72 billion, leaving the group in a net cash position and a gearing ratio of ‑6.9%.

SenseTime continued roll-outs of its SenseNova multimodal large-model family and unveiled the NEO native multimodal architecture in Q4 2025. The company also reported first-place rankings for its SenseNova-SI spatial-intelligence model in multiple authoritative benchmarks and open-sourced the Kairos-SenseNova embodied world model with ecosystem partners.

No final dividend was proposed. The annual general meeting is scheduled for 24 June 2026, with the share register closed from 18 June to 24 June 2026.