JST GROUP (06687) announced its 2025 financial results, revealing revenue of approximately 1.142 billion yuan, representing a year-on-year increase of 25.6%. The company recorded a loss attributable to equity holders of about 1.655 billion yuan, marking a shift from profit to loss compared to the previous year. Adjusted net profit was approximately 231 million yuan, showing a substantial growth of 282.2% year-on-year. Loss per share was 7.27 yuan.

The increase in revenue was primarily attributed to a rise in the total number of SaaS customers and the total gross merchandise volume of SaaS products. The reported loss was mainly due to the conversion of pre-IPO issued convertible redeemable preferred shares into ordinary shares of the company upon listing, which resulted in a significant accounting loss.