Autozi H1 revenue plunges 63% to $29.5M as net loss widens 163%
AZI•Autozi’s H1 FY26 revenue fell 63.1% to $29.5M while gross profit plunged 82.5% to $0.24M, cutting gross margin to 0.81%. Operating expenses rose 64.6% to $15.6M and net loss widened 163.5% to $13.8M on higher financing costs and strategic new energy investments.
1. Financial Results
For the six months ended March 31, 2026, Autozi reported revenue of $29.5 million, down 63.1% year-over-year, with cost of revenues falling 62.4% to $29.3 million. These declines led to a net loss of $13.8 million, a 163.5% increase from the prior year’s $5.2 million loss.
2. Profitability Analysis
Gross profit shrank 82.5% to $0.24 million, driving gross margin down from 1.70% to 0.81%. The margin contraction reflects both the steep revenue drop and elevated product costs in a tightened lubricant market.
3. Expense and Income Details
Operating expenses rose 64.6% to $15.6 million, driven primarily by higher financing expenses during the reporting period. Other net income fell 46.4% to $1.5 million, impacted by interest expenses, fair value fluctuations of assets and diversified investment activities.
4. Strategic Transformation
The company cites US-Iran oil supply disruptions that tightened the lubricant market and its strategic shift into the new energy vehicle sector as key factors in both revenue contraction and short-term investment spending designed to support its business transformation.




