Adjusted EBITDA Turns Positive, Secures Another Order Exceeding RMB 100 Million
北京極智嘉科技股份有限公司Geek+ Technology Co., Ltd. （股份代號：2590）
(Hong Kong, August 29, 2025) Geekplus (Stock Code: 2590.HK), a global leader in intelligent robotics, today announced its unaudited interim results for the six months ended June 30, 2025. The report shows that the company’s revenue increased by 31.0% year-on-year to RMB 1.025 billion, gross profit rose by 43.1% year-on-year to RMB 360 million, net loss narrowed by over 90% significantly, and adjusted EBITDA (non-IFRS measure) turned positive to RMB 11.62 million. These figures demonstrate strong growth momentum and commercialization capabilities, bringing the company close to the profitability inflection point. In terms of business performance, the company recorded orders of RMB 1.760 billion, a year-on-year increase of 30.1%, and secured an order exceeding RMB 100 million. Meanwhile, it achieved breakthrough progress in repeat orders from key customers, expansion of new customers, new industries, and new channels.
Leading Commercialization Capabilities: Revenue and Profit Both Grow, Adjusted EBITDA Turns Positive
In the first half of 2025, Geekplus’ revenue reached RMB 1.025 billion, an increase of 31.0% compared with RMB 782 million in the same period of 2024. Revenue from outside Mainland China accounted for 79.5%, reflecting the effectiveness of its global layout. Gross profit increased by 43.1% year-on-year to RMB 359.914 million, with gross margin rising to 35.1%.
The adjusted net loss (non-IFRS measure) narrowed significantly by 94.0% to RMB 11.9 million. Adjusted EBITDA (non-IFRS measure) turned from a negative RMB 169.83 million in the same period of 2024 to a positive RMB 11.62 million, marking a fundamental improvement in the company’s profitability.
Geekplus continues to lead Hong Kong-listed robotics companies in terms of revenue scale, with further improved operating quality and approaching the profitability inflection point. Its commercialization capabilities lead the global ToB robotics industry. Based on 2024 revenue, Geekplus has maintained its position as the world’s largest warehouse fulfillment robotics solution provider for six consecutive years, consolidating its leading market position.
Strong Global Business: Secures Another Order Exceeding RMB 100 Million, Sustained Breakthroughs in Business
In the first half of 2025, the company achieved multiple breakthroughs in its business:
Steady Order Growth: In the first six months of 2025, the company recorded orders of RMB 1.760 billion, a year-on-year increase of 30.1%, among which the largest single order exceeded RMB 100 million.
Continuous Deepening of Global Layout: As of June 30, 2025, Geekplus has delivered over 66,000 robots to more than 40 countries and regions worldwide, with a comprehensive global business and service network covering over 52 service stations, 12 spare parts centers, and more than 310 engineers. In the first six months of 2025, revenue from outside Mainland China accounted for 79.5%, and the gross margin of markets outside Mainland China reached 46.2%, demonstrating the profit release potential of the company’s global layout.
Customer Repurchase Rate Exceeds 80%: Geekplus continues to gain recognition from key customers, including repeat orders from world-renowned multinational consumer goods companies, cross-border e-commerce enterprises, automobile manufacturers, and leaders in the apparel industry. As of June 30, 2025, Geekplus serves over 65 Forbes Global 500 companies and has a total of over 850 end customers.
Expansion of New Customers, Industries, and Channels: The company added over 60 new end customers, made significant progress in the grocery retail, food, and beverage industries, and recruited over 40 new channel partners, laying a solid foundation for the sustained and high-speed growth of its business.
Solid Technical Barriers: “AI + Robotics” Transforms Warehousing, Realizing the AI Commercialization Loop
Geekplus’ full-stack AI technology architecture has formed significant technical barriers, and it is one of the few enterprises in the industry that has realized the AI commercialization loop.
Its Hyper+ Core Algorithm Platform, as one of the advanced algorithm platforms in the current market, supports a wide range of algorithm types and extremely large-scale cluster scheduling, with the system capable of scheduling over 5,000 robots. The Robot Matrix, a general robotics technology platform, features modularity and configurability, accelerating Geekplus’ R&D for robotic innovation, building a comprehensive robot matrix with both breadth and versatility, driving the rapid expansion of products and business, and empowering long-term development.
Future Growth Engine: Focusing on Embodied Intelligence to Solve Industry Challenges
Geekplus announced the establishment of a wholly-owned subsidiary dedicated to embodied intelligence on July 9, and officially launched a new general robotic arm operation technology solution and Geek+ Brain, the world’s first embodied intelligence base model designed specifically for warehousing scenarios, on August 27. This solution solves the challenges of accurate picking and efficient adaptation of ultra-large-scale product SKUs, bringing revolutionary application technologies to the industry.
This launch marks the expansion of Geekplus’ technical landscape from the field of mobile robotics to the intelligent application of robotic arms, demonstrating its strong R&D capabilities for product technology and business expansion, and will further unlock its huge development potential in meeting the demand for intelligent warehousing markets.
The general robotic arm operation technology solution deeply integrates 2D semantic and 3D geometric Information through a multi-task perception model, overcoming industry challenges such as depth estimation of transparent objects and segmentation of similar products in robotic arm picking, and significantly improving the recognition accuracy to over 99.99%. At the same time, its simulation-enhanced 3D prediction technology breaks through the limitations of traditional vision, enabling intelligent completion of occluded areas and achieving human-like spatial reasoning capabilities. Combined with multi-dimensional perception technology for accurate material identification of flexible and fragile products, and general grasping strategies based on reinforcement learning, the system can generate optimal grasping plans in real time, ultimately achieving efficient reasoning at the millisecond level, with the comprehensive efficiency of single-order picking reaching more than twice the industry’s average human efficiency. The technology also innovatively realizes Model-free and plug-and-play functions, greatly simplifying the deployment process.
“General warehouse robots” are the first strategic direction of Geekplus’ embodied intelligence subsidiary. The company will start with the goods picking scenario, then expand to links such as handling and packaging, evolve towards versatility, and build a model ecosystem, striving to become a global leader in the embodied intelligence ecosystem for warehousing.
In the field of embodied intelligence, the warehousing and logistics scenario, with its huge market scale, clear operation processes, and urgent demand for intelligence, has become one of the core tracks most suitable for technology implementation and with the highest commercial value. However, the warehousing environment places extremely high requirements on the reliability, accuracy, and efficiency of technology. Geekplus’ profound scenario awareness, data accumulation, global customer resources, and business network in the warehousing field provide unique advantages for the company’s development of “general warehouse robots”.
Promising Outlook: Dual Benefits from Policy and Market, Continuous Expansion of Growth Boundaries
In the future, Geekplus will focus on four key areas—R&D in embodied intelligence, global market expansion, ESG-driven sustainable development, and talent development—to further consolidate its leading position in the industry and advance the achievement of strategic goals.
According to a report by CIC Consulting, the global AMR (Autonomous Mobile Robot) solution market size will reach RMB 162.1 billion by 2029, with a compound annual growth rate of over 33% from 2024 to 2029, and the penetration rate of warehouse automation will exceed 20% by 2029. Meanwhile, China’s “Artificial Intelligence +” action plan continues to release policy dividends, which will accelerate the large-scale commercial application of AI in manufacturing and logistics scenarios. Facing the rapidly expanding market and favorable policy environment, Geekplus, with its existing technological and customer advantages, plus the new growth driver of embodied intelligence business, is expected to embark on a long-term and sustainable value growth path.
About Beijing Geekplus Technology Co., Ltd.
Beijing Geekplus Technology Co., Ltd. (Stock Code: 2590.HK) is a globally leading intelligent robotics enterprise founded in 2015, with its headquarters in Beijing and business covering over 40 countries and regions worldwide. The company applies advanced robotics and artificial intelligence technologies to create efficient, flexible, and reliable solutions, helping enterprises in various industries around the world improve logistics efficiency and achieve intelligent upgrading. Currently, Geekplus’ technological innovation, commitment to product quality, and long-term reliable services have been widely recognized and accepted by more than 850 global end customers, with its business covering industries such as retail, footwear and apparel, 3PL (Third-Party Logistics), automotive, pharmaceuticals, lithium batteries, photovoltaics, and electronics.
This press release is issued on behalf of Beijing Geekplus Technology Co., Ltd. by Wonderful Sky Financial Group.
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Wonderful Sky Financial Group
Contacts: Angie Li / Jaon Lai
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