Ubtech Robotics (SEHK:9880) Losses Narrow In FY 2025 Challenging Bearish Narratives

Ubtech Robotics (SEHK:9880) has reported its FY 2025 results with second half revenue of C¥1.38b and a basic EPS loss of C¥0.61, framing a year where the business is still investing heavily in growth rather than delivering profits. The company has seen revenue move from C¥818.13m in the second half of 2024 to C¥621.46m in the first half of 2025 and then C¥1.38b in the second half of 2025. Over the same periods, basic EPS losses have shifted from C¥1.43 to C¥0.94 and then C¥0.61. For investors, the latest numbers keep the focus squarely on how quickly improving scale can eventually translate into more efficient margins and a path toward earnings stability.

See our full analysis for Ubtech Robotics.

With the headline figures on the table, the next step is to set these results against the most common narratives around Ubtech Robotics to see which stories hold up and which views need a rethink.

Curious how numbers become stories that shape markets? Explore Community Narratives

Losses Narrow on Trailing C¥703m Net Loss

• On a trailing 12 month basis, Ubtech reported revenue of C¥2.0b and a net loss of C¥703.2m, compared with C¥1.31b of revenue and a C¥1.12b loss on the trailing period ending in the second half of 2024.
• What stands out for the more bullish view is that losses have grown about 2.5% per year over the past five years, while the most recent trailing 12 month net loss of C¥703.2m and basic EPS loss of C¥1.55 sit alongside a clear step up in revenue to C¥2.0b. This raises the question of whether higher scale can eventually help earnings, even though forecasts still show the company remaining unprofitable over the next three years.
  • Supporters can point to the move from C¥1.31b of trailing revenue and a C¥1.12b loss for the period ending in the second half of 2024 to C¥2.0b of trailing revenue and a C¥703.2m loss for the latest period as evidence that higher sales and smaller absolute losses are now occurring together.
  • Critics, however, will focus on guidance that the business is not expected to reach profitability within the next three years, meaning any bullish case still leans heavily on future margin progress that is not yet visible in the current C¥1.55 trailing EPS loss.

Curious how these trailing numbers fit into the bigger story investors are debating around Ubtech Robotics, and want to see how other community members connect growth and losses to their long term view? 📊 Read the what the Community is saying about Ubtech Robotics.

39.39% Forecast Revenue Growth vs 8.5% Market

• Revenue is forecast to grow at 39.39% per year, compared with a forecast 8.5% per year for the broader Hong Kong market. This marks Ubtech as a much faster expected grower on this measure.
• This set of forecasts heavily supports a bullish angle that focuses on top line momentum, yet it also bumps into the reality that the company is still loss making with a C¥703.2m trailing 12 month net loss and no profitability expected within the next three years.
  • Bulls can lean on the gap between 39.39% forecast revenue growth and the market’s 8.5% to argue that Ubtech’s C¥2.0b of trailing revenue could be the base for much larger sales over time if forecasts are met.
  • At the same time, the persistent trailing EPS loss of C¥1.55 and the history of losses growing about 2.5% per year over five years challenge any view that revenue growth alone is enough to change the earnings profile without clearer evidence on costs and margins.

High 22.1x P/S and 57% Target Upside

• The shares trade on a P/S of 22.1x, compared with roughly 1x for the Hong Kong Machinery industry and 14.3x for peers, while the current price of C¥100.00 sits below an average analyst price target of about C¥156.98, implying roughly 57% upside from here.
• This combination highlights a tension between bullish and cautious views, where analysts’ targets point to upside while the rich 22.1x P/S multiple means the market already prices in strong execution despite Ubtech remaining unprofitable with a trailing C¥703.2m loss.
  • Supporters may argue that a fast forecast growth rate of 39.39% per year helps justify paying a higher multiple than the 1x industry and 14.3x peer averages, especially if revenue continues to scale from the current C¥2.0b trailing base.
  • Skeptics counter that paying 22.1x sales for a company that is not expected to be profitable within the next three years leaves little room for disappointment if revenue or margins fall short of expectations, given the ongoing basic EPS loss of C¥1.55 on a trailing 12 month basis.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Ubtech Robotics's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

With sentiment split between fast forecast revenue growth, ongoing losses and a rich P/S, it makes sense to move quickly and test the numbers yourself against your own expectations, then balance the upside and downside by weighing 2 key rewards and 1 important warning sign

See What Else Is Out There

Ubtech Robotics is still posting a C¥703.2m trailing loss, a C¥1.55 EPS loss and is not forecast to reach profitability within the next three years.

If you are uneasy about ongoing losses and rich multiples, it makes sense to compare this situation with companies highlighted in the 268 resilient stocks with low risk scores that score better on financial risk and stability.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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