AZI

BEIJING, May 29, 2026 (GLOBE NEWSWIRE) -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (Nasdaq: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced its unreviewed financial results for the six months ended March 31, 2026. First Half of Fiscal Year 2026 Financial Results Revenues Revenues were US$29.5 million for the six months ended March 31, 2026, a decrease of 63.1% from US$79.9 million in the same period of fiscal year 2025. The revenue decline stemmed from two major factors. First, the conflict between the US and Iran has disrupted oil supply, tightening the lubricant market, driving up product prices and curbing market transactions. Second, the Company has strategically shifted its focus toward the new energy vehicle sector. Cost of Revenues Cost of revenues was US$29.3 million for the six months ended March 31, 2026, representing a 62.4% year-over-year decrease from US$78.5 million in the same period of fiscal year 2025. The substantial year-over-year decline in cost of revenues was mainly attributable to the Company’s comprehensive business optimization and refined cost management, which aligned closely with the corresponding revenue contraction. Gross Profit Gross profit was US$0.24 million for the six months ended March 31, 2026, representing a 82.5% year-over-year decrease from US$1.4 million in the same period of fiscal year 2025. The gross margin dropped from 1.70% to 0.81%. The decline in gross profit is closely linked to the contraction of operating revenue. Operating Expenses Operating expenses were US$15.6 million for the six months ended March 31, 2026, representing a 64.6% year-over-year increase from US$9.5 million in the same period of fiscal year 2025. The rise was mainly attributable to higher financing expenses incurred during the reporting period. Other expenses or income, net Other income, net was US$1.5 million for the six months ended March 31, 2026, representing a 46.4% year-over-year decrease from US$2.8 million in the same period of fiscal year 2025. The net balance was comprehensively affected by multiple factors, including net interest expenses arising from corporate financing activities, fair value fluctuation gains and losses of assets, and investment income from industrial layout. The Company’s diversified investment and financing activities duri...

BEIJING, Sept. 5, 2025 /PRNewswire/ -- Autozi Internet Technology (Global) Ltd. ("Autozi" or the "Company") (Nasdaq: AZI), one of the leading and fast-growing lifecycle automotive service providers in China, today announced its unaudited financial results for the six months ended March 31, 2025. First Half of Fiscal Year 2025 Financial Highlights Total revenues increased 65.9% year-over-year to US$79.9 million, compared with US$48.1 million in the same period of fiscal year 2024, driven by strong growth in auto parts and accessories sales. Gross profit improved to US$1.4 million, compared with US$0.1 million in the same period of fiscal year 2024, with gross margin rising to 1.7% from 0.2%. Operating loss widened to US$8.1 million, compared with US$2.1 million in the same period of fiscal year 2024. The increased operating expenses in the first half of fiscal year 2025 included certain one-off and non-cash expenses, such as expenses related to financing activities and share-based compensations. Net loss was US$5.3 million, an increase of 11.6% from a net loss of US$4.7 million in the same period of fiscal year 2024. Chairman's Letter to Shareholders Dear Shareholders, The first half of fiscal year 2025 was a pivotal period for Autozi as we continued to reshape our business and strengthen the foundation for sustainable, long-term growth. Our strategy has been clear: concentrate resources on the auto parts and accessories business, a business where we see scale, resilience, and long-term value creation, while deliberately scaling down lower-margin business including new car sales and insurance. This disciplined focus has already delivered tangible results. Our revenues increased by nearly 66% year-over-year, driven almost entirely by the rapid expansion of our core auto parts and accessories business, which grew to represent 98.7% of total revenues in the first half of fiscal year 2025 compared with 48.5% in the prior-year period. This dramatic shift in business mix underscores the effectiveness of our strategic repositioning and highlights the growing importance of our auto parts and accessories platform. We also made meaningful progress in improving our profitability. Gross profit increased significantly from the prior year, and gross margin expanded as the revenue contribution from the higher-margin auto parts and accessories business increased. While opera...