7Road Holdings Limited released its audited results for the year ended 31 December 2025, highlighting a decisive return to profitability and a sharp rebound in operating metrics.
Financial highlights • Revenue climbed 70.10% year-on-year to RMB 521.29 million, propelled by robust launches of “New DDTank” and “Wartune Ultra”. • Gross profit rose 73.80% to RMB 369.02 million; gross margin edged up 1.5 ppt to 70.8%. • Profit attributable to owners reached RMB 37.02 million, reversing a RMB 73.45 million loss in 2024. Net profit margin improved to 6.9% (2024: –24.2%). • Operating profit amounted to RMB 78.90 million versus a RMB 60.43 million loss a year earlier. • R&D spend fell 50.40% to RMB 65.43 million, reflecting tighter cost control, while selling & marketing expenses jumped 73.50% to RMB 110.37 million on new-title promotions. • Cash and cash equivalents soared 416.10% to RMB 313.01 million; all bank borrowings (RMB 15 million in 2024) were fully repaid, leaving the group debt-free. • Gearing ratio increased to 10.2% (2024: 6.9%) due to higher total liabilities, though current ratio strengthened to 473.4% (2024: 226.1%).
Operational metrics • Web games: average MAUs 0.62 million; MPUs 26,200; ARPPU RMB 675. • Mobile games: average MAUs 1.40 million; MPUs 122,500; ARPPU RMB 627. • “New DDTank” generated RMB 190 million in gross billings, reached 2.93 million registered users and averaged ARPPU of RMB 804. • “Wartune Ultra” gross billings soared 130% to RMB 180 million; average MAUs grew 88% to 225,000 with ARPPU of RMB 690.
Cash flow and investments • Operating cash inflow and recovery of investment funds lifted liquidity; capital expenditure contracted 93.40% to RMB 1.09 million following large property purchases in 2024. • Disposal of interests in two Shanghai Silicon investment partnerships yielded a RMB 2.40 million gain in 2025, aggregating to RMB 14 million over cost. • Significant investments at year-end: Ningbo Lianjun (fair value RMB 116.30 million) and Nanjing Lingxing (RMB 122.30 million), each representing just over 6% of total assets.
Dividend and capital management The board proposed no final dividend for 2025, indicating preference for on-market share repurchases to enhance earnings per share. No shares were repurchased during the year.
Strategic outlook for 2026 Management will prioritise global expansion of flagship IPs “DDTank” and “Wartune”, launch mini-program versions overseas, and progress new titles “DDTank Classic Edition”, “I’m MT 5” and “Wartune Rebirth”. Continued investment in AI-driven R&D efficiency, data analytics, and selective pan-Internet strategic investments are aimed at sustaining growth and shareholder value.
Governance and compliance 7Road remained fully compliant with the HKEX Corporate Governance Code and Directors’ Model Code throughout 2025. The annual general meeting is slated for 26 May 2026.
With a restored profit base, strengthened balance sheet and a pipeline of new releases, 7Road enters 2026 focused on scaling its core gaming franchises and leveraging overseas mini-program opportunities.