GOGOX Narrows Annual Loss Despite Margin Pressure as Revenue Edges Higher

GOGOX Holdings Limited ( (HK:2246) ) has provided an update.

GOGOX Holdings Limited, a technology-enabled logistics platform, reported modest revenue growth for 2025 as it continued to provide on-demand transport and delivery services across its key markets. The group remains focused on scaling its digital logistics ecosystem despite ongoing losses and elevated investment in operations and technology.

For the year ended 31 December 2025, revenue inched up 1.6% year on year to RMB670.6 million, while gross profit fell 13.8% to RMB188.6 million amid higher cost of revenue. The company narrowed its statutory net loss to RMB162.6 million from RMB194.0 million, although adjusted net loss and adjusted EBITDA both widened, reflecting increased research and development spending and goodwill impairment that underscore its push for long-term platform enhancement.

Operating loss decreased slightly to RMB169.1 million as GOGOX sharply reduced selling and marketing expenses but saw general and administrative costs and research outlays remain substantial. The combination of slimmer gross margins, higher R&D and continued impairments suggests the group is still in an investment phase, balancing cost control with efforts to strengthen its competitive position in the regional logistics technology space.

More about GOGOX Holdings Limited

GOGOX Holdings Limited is a technology-driven logistics platform based in Hong Kong, operating through subsidiaries and affiliated entities across its core markets. The company focuses on on-demand and scheduled road freight and delivery services, connecting individual and corporate customers with drivers and offering value-added logistics solutions in mainland China and the broader Asian region.

Average Trading Volume: 164,007

Technical Sentiment Signal: Sell

Current Market Cap: HK$128.1M

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