NaaS reports first positive operating profit. NaaS Technology stock is valued at USD 3.7 million

Published on 10/16/2026 at 03:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NaaS first posted positive operating profit in the first half of 2026. NaaS Technology stock is valued at USD 3.7 million as of October 15, 2026.

Operating shift and market context

NaaS parent company ranked No. 85 on September 29, 2026.
The charging platform covered 364 cities by the end of 2025.
NaaS Technology stock was last at USD 3.09 on October 15, 2026.

NAAS, US62955X4097, Illustration mit AI erstellt.

NaaS Technology Inc. (US62955X4097) reported positive operating profit for the first time in the first half of 2026, according to GlobeNewswire on September 29, 2026. The result gives the charging platform a concrete profitability milestone after years of reported losses.

Three dated steps for NaaS

NaaS held an extraordinary general meeting on January 23, 2026, and another on April 29, 2026, according to the company's investor-relations calendar at NaaS. On September 29, 2026, the company's parent was ranked No. 85 in the 2026 China Top 100 Private Service Enterprises list, while NaaS reported its first positive operating profit in the first half of 2026.

What changed in the first half?

The operating milestone sits alongside a sizeable network footprint. By the end of 2025, NaaS said its charging platform covered 364 cities and had connected approximately 50 percent of China's public charging infrastructure, excluding dedicated chargers, GlobeNewswire reported. The combination of scale and a first positive operating result points to a shift from network expansion toward monetizing existing charging assets.

Historical numbers show the challenge

The latest full-year figures available on the company profile remain historical FY2024 data. Revenue was CNY 201.0 million, down from CNY 320.1 million in FY2023, a decline of 37.2 percent, while net income was a loss of CNY 913.5 million, according to ValueScreener. The FY2024 operating margin was minus 401.6 percent, making the first-half 2026 operating-profit statement an important change in direction, even though its amount was not disclosed.

Market value remains small

NAAS was last at USD 3.09 on Nasdaq on October 15, 2026 at 4:00 p.m. ET. The same market snapshot put its market capitalization at USD 3.7 million and its 52-week range at USD 1.80 to USD 4.10. For investors, the key issue is whether the first positive operating result can develop into a repeatable improvement in the historical loss profile.