BEIJING—KANZHUN LIMITED, operating BOSS Zhipin and listed in Hong Kong as BOSS Zhipin-W (02076) and on Nasdaq as BZ, released unaudited results for the year ended 31 December 2025.

Full-Year 2025 Highlights

• Revenue reached RMB8.27 billion, up 12.40% year on year, driven by a 12.70% rise in online recruitment income to RMB8.19 billion.

• Net income surged 71.70% to RMB2.69 billion, while adjusted net income rose 32.90% to RMB3.60 billion.

• Income from operations doubled, advancing 110.10% to RMB2.46 billion; adjusted operating income grew 45.70% to RMB3.38 billion.

• Operating expenses fell 7.10% to RMB5.78 billion as sales and marketing costs dropped 18.30% and R&D costs declined 8.90%, underscoring operating leverage.

• Paid enterprise customers over the trailing twelve months increased 11.50% to 6.80 million, and average monthly active users climbed 14.50% to 60.70 million.

• Net cash from operating activities rose 28.50% to RMB4.55 billion; cash, cash equivalents and short-term investments totaled RMB19.95 billion at year-end.

Fourth-Quarter 2025 Snapshot

• Revenue grew 14.00% to RMB2.08 billion.

• Net income reached RMB0.69 billion, up 55.70%; adjusted net income was RMB0.91 billion, up 25.40%.

• Operating income advanced 80.20% to RMB0.69 billion; adjusted operating income increased 36.60% to RMB0.90 billion.

Capital Allocation Policy

The board approved an annual policy to distribute no less than 50% of the prior year’s adjusted net income through dividends and share repurchases for 2026-2028. Concurrently, the existing share-repurchase authorization was expanded to US$400 million and extended to 28 August 2027.

Outlook

Management guides first-quarter 2026 revenue to RMB2.05–2.09 billion, implying year-on-year growth of 6.60%-8.40%.

Exchange Rate Note: All USD conversions use RMB6.9931 = US$1.00 as of 31 December 2025.