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Chagee reports 4Q 2025 net revenue drop but full-year revenue rises 4%, with expanded teahouse network.

Company Fundamentals
31 Mar 2026
GlobeNewsWire
View Source
Neutral
pluang ai news

Chagee Holdings Limited announced its unaudited financial results for Q4 and full year 2025. The company saw a 10.8% decline in Q4 net revenues to RMB2.97 billion, mainly due to product launch timing and competitive pressures, but full-year net revenues grew 4% to RMB12.91 billion. Operating income for the year dropped to RMB1.35 billion from RMB2.89 billion in 2024, reflecting costs from restructuring and business model shifts. Despite challenges, Chagee expanded its teahouse network by 15.7% to 7,453 locations, including growth in overseas markets where GMV surged 84.6% in Q4. The company is focusing on optimizing operations and expanding globally amid evolving consumer habits.

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