Jacobio posted FY 2025 revenue of RMB53.5 million, down 66% from a year earlier, attributed to its License-Out Agreement and related services agreements. FY 2025 R&D expenses fell 43% to RMB188.6 million, which the company said was mainly due to the absence of large-scale pivotal trial clinical costs as pivotal trials for glecirasib and sitneprotafib are managed and fully funded by partner Allist. FY 2025 administrative expenses decreased 20% to RMB34.4 million, driven by lower employee benefit expenses and tighter discretionary spending. FY 2025 loss narrowed 6% to RMB146 million. Jacobio said it ended FY 2025 with RMB1.13 billion in cash, bank balances and capital-protected structured deposits, while interest-bearing bank borrowings rose to RMB94.8 million.
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