• Borqs Technologies posted FY 2025 net income of USD 5.65 million, down from USD 17.32 million a year earlier as net revenues fell 50.9% to USD 13.6 million.
• Operating loss widened to USD 17.39 million from USD 3.14 million, while gross margin narrowed to 3.7% from 20.9%.
• Other income/expense swung to income of USD 27.11 million from an expense of USD 18.95 million, driven by a USD 21.21 million gain on disposal of subsidiaries and a USD 10.45 million gain on reversal of accrued liabilities.
• Hardware accounted for 100% of continuing-operation net revenues, while geographic mix shifted toward rest of world at 64.6% from 35.2%.
• Core-business sale to Sasken was completed April 9, 2025 for an aggregate purchase price of USD 40 million, subject to working-capital adjustments, tax withholdings, and earnout payments linked to 2025 performance.

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. Borqs Technologies Inc. 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: 0001213900-26-057706), on May 15, 2026, and is solely responsible for the information contained therein.