Leapmotor published an annual results announcement for FY 2025, reporting revenue of RMB64.73 billion, which more than doubled. Gross margin was 14.5% in FY 2025, up 6.1 percentage points, which the company attributed to ongoing cost management, an optimized product mix, and revenue from other businesses. Profit attributable to equity holders was RMB0.54 billion in FY 2025, while adjusted net profit (non-IFRS) was RMB1.08 billion. Net cash generated from operating activities was RMB12.62 billion in FY 2025, up 49%, and free cash flow was RMB7.82 billion. Leapmotor said FY 2025 deliveries rose 103.1% to 596,555 units and export volume reached 67,052 units, with cash on hand of RMB37.88 billion at year-end.
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