MOG Digitech revenue drops, profit up amid strategic business shifts

MOG Digitech Holdings Limited reported total revenue of RMB512.2m for the six months ended 30 June 2025, a 16.5% decrease from RMB613.4m in the corresponding period of 2024. Despite the revenue decline, profit attributable to owners of the company increased by 46.2% to RMB1.9m, compared to RMB1.3m in the prior period. This was primarily driven by increased revenue from optical product retail, franchise and license management, and e-commerce.

Digital payment solutions, the largest segment, saw revenue fall by 26.4% to RMB358.1m due to intense market competition in the PRC. Conversely, e-commerce revenue surged by 94.4% to RMB59.5m, attributed to an increase in customer numbers following a welfare card launch in late 2024. Optical product retail, franchise and license management also grew by 2.8% to RMB88.2m, as the company pivoted to an asset-light strategy by franchising disposed subsidiaries.

The group's gross profit margin improved to 17.8% from 14.3% in the previous period. Post-reporting, MOG Digitech completed a placing of 228,710,000 shares, adopted a new share award scheme, and made strategic investments in a stablecoin-based payment platform and ALT5 Sigma Corporation.