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GLG Life Tech's revenue fell 36% in Q3 2025 due to lower stevia prices and competition, but net income improved year-to-date.
GLG Life Tech reported a 36% revenue drop to $2.1 million in the third quarter of 2025, driven by lower stevia prices and volumes amid fierce market competition, with nine-month revenue down 22% to $8.2 million.
Net loss from continuing operations rose to $5.2 million in the quarter, while net income for the first nine months reached $15.4 million, up from a $11.5 million loss, largely due to the final disposal of its former Runhai subsidiary.
The transfer, approved by shareholders with over 99.99% support, improved the company’s balance sheet and reduced regulatory risks in China.
SG&A expenses fell 23% in the quarter and 34% year-to-date.
Leadership remained unchanged, with Dr. Luke Zhang continuing as Chairman and CEO.
Los ingresos de GLG Life Tech cayeron un 36% en el tercer trimestre de 2025 debido a la disminución de los precios de la estevia y la competencia, pero el beneficio neto mejoró en lo que va del año.