DirectBooking net loss widens 90.4% to USD 13.29 million in FY26; revenue drops 53.6% to USD 8.94 million
ZDAI•FY26 earnings and revenue decline
DirectBooking posted a net loss of USD 13.29 million, widening 90.4% from the prior fiscal year.
Revenue fell 53.6% to USD 8.94 million, reflecting a sharp drop in transportation services and construction works.
Gross loss and margin compression
Results swung to a gross loss of USD 1.92 million from gross profit, with gross margin down 30.2 percentage points to -21.5%.
Higher operating costs and cash position
General and administrative expenses rose 33.5% to USD 11.81 million, driven by higher credit loss provisions and legal fees.
Cash ended at USD 130,184; investing outflows totaled USD 12.24 million on prepayments tied to a terminated Wangmao investment.
