Genscript Biotech Corporation ( (GNNSF) ) has released its Q2 earnings. Here is a breakdown of the information Genscript Biotech Corporation presented to its investors.
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Genscript Biotech Corporation, a Cayman Islands-incorporated company, operates in the biotechnology sector, providing life-science services and tools, biologics development services, and industrial synthetic biology products. It also holds significant investments in Legend Biotech Corporation, a company focused on cell therapy development.
In its latest earnings report for the six months ended June 30, 2025, Genscript Biotech Corporation reported a substantial revenue increase of 81.9% to approximately US$518.8 million, compared to the same period in the previous year. The company also saw a significant rise in gross profit, which increased by 140.1% to approximately US$320.6 million.
Key financial highlights include an adjusted net profit from continuing operations of approximately US$178.0 million, marking a 509.6% increase from the prior period. Despite this, the company recorded a net loss of approximately US$24.5 million, significantly reduced from the US$215.6 million loss in the previous period, primarily due to losses from its associate, Legend Group.
The company experienced growth across its segments, with biologics development services seeing a remarkable 511.1% revenue increase. This growth was driven by increased license revenue and the expansion of its global operations. However, the company also faced increased expenses in selling, distribution, and administrative areas, reflecting its strategic investments in marketing and infrastructure.
Looking forward, Genscript Biotech Corporation remains focused on leveraging its technological advancements and expanding its market presence globally. The management is optimistic about the company’s future growth prospects, driven by continued innovation and strategic investments in its core business areas.