NAYUKI (02150) announces annual performance with a profit of 4.31 billion yuan.

NAYUKI (02150) released its performance for the fiscal year ending December 31, 2025. The group achieved a revenue of 4.331 billion yuan during the period, with a net loss attributable to equity shareholders of the company of 2.391 billion yuan, resulting in a basic loss per share of 0.14 yuan. The majority of the revenue generated by the group comes from product sales through NAYUKI's direct-operated stores. During the reporting period and in 2024, NAYUKI's direct-operated stores contributed 88.3% and 84.5% of the total revenue, respectively. The remaining small portion of revenue mainly comes from our bottled beverage business and franchise business. As of December 31, 2025, the group owns a total of 1,646 NAYUKI tea stores, including 1,288 direct-operated stores and 358 franchise stores. As of December 31, 2024, the group owned a total of 1,798 NAYUKI tea stores. The change in the number of stores at the end of the reporting period was mainly due to the store optimization measures implemented by the group during the period. Looking ahead to 2026, the group will continue to focus on high-quality development and expand the NAYUKI tea store network. To achieve this, we will continue to focus on key and opportunity cities, optimize various highly competitive store formats to accommodate different consumer scenarios, further densify the tea store network in these cities to increase our market penetration, establish a refined regional classification management system, implement differentiated operational strategies based on the development stage, competitive landscape, and consumer characteristics of different regional markets to strengthen the profitability of individual stores, drive steady growth in store operating profits, and deepen the store evaluation mechanism by regularly evaluating all stores, making necessary adjustments to underperforming stores in a timely manner, optimizing resource allocation to enhance the overall quality of our tea store network.