Agile Group reports wider loss as revenue slumps, debt restructuring continues

For the six months ended June 30, 2025, Agile Group Holdings Limited reported revenue of RMB13.57 bn, a 35.8% decrease from RMB21.14 bn in the corresponding period of 2024. The group incurred a gross loss of RMB919m, a 50.9% decrease from RMB1.87 bn in the prior year, with a gross loss margin of 6.8%. The net loss for the period was RMB7.39 bn, while loss attributable to shareholders of the company amounted to RMB8.03 bn. Basic loss per share was RMB1.591.

Operational challenges persisted, with pre-sold value decreasing by 42.5% year-on-year to RMB5.17 bn, and pre-sold gross floor area (GFA) declining by 14.6% to 0.552 million sq.m. The average pre-sold price also fell by 32.7% to RMB9,363 per sq.m. As of June 30, 2025, the group’s total debt was RMB47.44 bn, a reduction of RMB1.48 bn from December 2024, with total cash and bank balances at RMB5.51 bn. The gearing ratio increased to 127.7% from 103.6% at the end of 2024.

The group continues to pursue offshore debt restructuring, aiming for a preliminary plan by year-end, and is implementing measures to accelerate property pre-sales, collect proceeds, and control costs to improve liquidity. No interim dividend was proposed for the period.