Canmax Technologies (300390) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue reached ¥2.11 billion, up 21.47% year-over-year; net profit attributable to shareholders was ¥188.55 million, up 113.22% year-over-year.

• Year-to-date revenue was ¥5.57 billion, up 2.17% year-over-year, but net profit attributable to shareholders dropped 96.44% to ¥32.87 million.

• Non-recurring gains contributed significantly to quarterly profit, with government subsidies and financial asset gains as key drivers.

Financial highlights

• Gross margin and operating profit details not specified, but basic and diluted EPS for Q3 were ¥0.04, down 64.04% year-over-year.

• Net cash flow from operating activities in Q3 was ¥490.52 million, down 55.41% year-over-year.

• Total assets at quarter-end were ¥20.02 billion, up 14.11% from last year-end; shareholders’ equity decreased 3.86% to ¥10.91 billion.

Outlook and guidance

• Significant increase in R&D expenses (up 43.09% year-over-year) reflects ongoing investment in innovation.