-+ 0.00%
-+ 0.00%
-+ 0.00%
GIBO net loss widens to $231.91 million in FY25
Share
Listen to the news
GIBO net loss widens to $231.91 million in FY25
  • GIBO posted a net loss of USD 231.91 million for fiscal 2025, widening from a net loss of USD 24.85 million a year earlier.
  • Revenue swung to no revenue from USD 30 million, reflecting the absence of IT services revenue recorded in fiscal 2024.
  • Total operating costs climbed 357.6% to USD 231.09 million, driven by higher research and development expense of USD 117.8 million and an impairment loss on plant and equipment of USD 99.13 million.
  • The company ended 2025 with USD 402,736 in cash as net cash used in operating activities widened to USD 121.39 million.
  • Operationally, registered users reached about 89 million across 15 Asian markets, supported by about 34.5 million average monthly active users since platform launch.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GIBO Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-023628), on May 15, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending