JS GLOBAL LIFE (01691) issues profit warning, expecting a net loss of no more than 22.5 million US dollars for the fiscal year 2025.

JS GLOBAL LIFE (01691) announced that the Group is expected to incur a net loss of not more than 22.5 million US dollars for the year ending December 31, 2025, with the adjusted net profit expected to be no less than 29 million US dollars. In the year ended 2024, the Group achieved a net profit of approximately 8.8 million US dollars, with an adjusted net profit of about 7.1 million US dollars. The core business maintained a steady growth trend during the year. The Group's net loss for the year 2025 is mainly due to: (i) Strategic investments in expanding the Asia Pacific market: to lay a solid foundation for long-term growth, the Group continues to increase its investment in brand building, product promotion, network expansion, and organizational capability enhancement in the Asia Pacific region in the year 2025. Although the related expenses for the period have an impact on short-term profitability, these expenditures provide crucial support for the Group's future business expansion and market share growth. The business in this region is currently in a stage of active development, and long-term value will gradually be realized; (ii) Reduction in related procurement services: a decrease in procurement service income provided to a subsidiary of SharkNinja, Inc.; (iii) Non-cash impact of stock-based payments: fair value losses on restricted stock awards and related administrative expenses. Excluding the non-operating and non-cash impacts of the above items (ii) and (iii), the Group's adjusted net profit for the year 2025 shows a strong rebound, returning to a growth trajectory. The significant growth in adjusted net profit is mainly due to: 1. Significant improvement in the Group's core business during this year, with overall revenue being boosted by strong organic growth; 2. Continuous optimization of operational efficiency in various subsidiary companies under the Group, with significant enhancement in the profitability of some subsidiary companies contributing positively to the Group's overall profit; 3. Continued strengthening of cost control measures by the Group, leading to a decrease in overall expense ratio.