CORNERSTONE TEC (08391) Announces Annual Results: Gross Profit Reaches HK$31.07 Million, Up 13.9%

Stock News03-31

CORNERSTONE TEC (08391) has released its full-year results for the period ending December 31, 2025. The company reported revenue of HK$125 million and a gross profit of HK$31.069 million, representing a year-on-year increase of 13.9%. During the 2025 fiscal year, the company's gross profit rose by approximately HK$3.8 million, with the gross profit margin improving by 7 percentage points. This growth reflects both an expansion of the user base and enhanced network monetization, achieved through increased utilization of charging points and strengthened partnerships with leading electric vehicle manufacturers. Notably, recurring revenue from electric vehicle charging services accounted for approximately 35.3% of total revenue as of December 31, 2025, indicating the successful implementation of the company's strategy to build sustainable, high-quality revenue streams. Through operational optimization and strict cost control measures—including the adoption of remote diagnostics to reduce maintenance expenses and the automation of key back-office functions—the company significantly narrowed its adjusted LBITDA from approximately HK$41.2 million in fiscal year 2024 to about HK$34.4 million in fiscal year 2025. This improvement in operational leverage demonstrates a clear path toward sustainable profitability.

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