XPENG-W(09868) expects a net loss attributable to shareholders of 1.14 billion yuan in 2025, a year-on-year decrease of 80.3%

XPENG-W (09868) announced that in the fourth quarter of 2025, total revenue was RMB 22.25 billion, up 38.2% compared to the same period in 2024, and up 9.2% from the third quarter of 2025. Automotive sales revenue was RMB 19.07 billion, up 30.0% from the same period in 2024, and up 5.6% from the third quarter of 2025. The gross profit margin for the fourth quarter of 2025 was 21.3%, compared to 14.4% for the same period in 2024 and 20.1% for the third quarter of 2025. The automotive gross profit margin for the fourth quarter of 2025 (the percentage of automotive sales gross profit to automotive sales revenue) was 13.0%, compared to 10.0% in the same period in 2024 and 13.1% in the third quarter of 2025. The net income attributable to XPENG-W common stockholders for the fourth quarter of 2025 was RMB 380 million, compared to a loss of RMB 1.33 billion in the same period in 2024, and a loss of RMB 380 million in the third quarter of 2025. For the fiscal year 2025, total revenue was RMB 76.72 billion, up 87.7% from RMB 40.87 billion the previous year. Automotive sales revenue was RMB 68.38 billion, up 90.8% from RMB 35.83 billion the previous year, mainly due to an increase in deliveries. The gross profit margin for the fiscal year 2025 was 18.9%, compared to 14.3% the previous year. The automotive gross profit margin was 12.8%, compared to 8.3% the previous year, mainly due to continuous cost reduction and improvement in vehicle product mix. The net loss attributable to XPENG-W common stockholders was RMB 1.14 billion, compared to RMB 5.79 billion the previous year, a decrease of 80.3%. "For the full year of 2025, XPENG-W delivered 429,445 vehicles, a year-on-year increase of 125.9%. We continue to push the limits of physical AI technology, accelerate the mass production and commercialization of product technology innovations, and expand globally," said He Xiaopeng, Chairman and CEO of XPENG-W. "I believe XPENG-W is at a historic turning point in the application of physical AI. We not only want to expand the global market share of AI vehicles, complete the leap from L2+ assisted driving to L4 autonomous driving, and take the second generation VLA overseas, but also achieve large-scale production of high-end humanoid Siasun Robot&Automation." "In the fourth quarter of 2025, XPENG-W's gross profit margin reached 21.3%, a new high, and net profit reached RMB 380 million. Through a business model driven by leading technology, we have achieved a profitable path that is distinct from traditional automakers," said Dr. Gu Hongdi, Vice Chairman and Co-President of XPENG-W. "By the end of 2025, the company had RMB 47.66 billion in cash on hand, providing solid support for our commitment to investing in physical AI research and development." For the first quarter of 2026, the company expects: vehicle deliveries to range from 61,000 to 66,000 units, a year-on-year decrease of about 29.79% to 35.11%. Total revenue is expected to range from RMB 12.2 billion to RMB 13.28 billion, a year-on-year decrease of about 16.01% to 22.84%.