Robo.ai swings to positive equity after US$46.7m first-half profit

Robo.ai, a Nasdaq-listed UAE-based company, has returned to positive shareholders' equity following a restructuring and two acquisitions, resulting in a first-half profit of US$46.7 million. The company reported shareholders' equity of US$95.8 million as of June 30, a significant improvement from a deficit of US$116.1 million at the end of 2025.

Revenue surged to US$55.1 million, with QC Capital's acquisition covering the period from June 15 to June 30, while gross profit reached US$200,000, marking a stark contrast to the US$400,000 loss a year earlier. Despite this financial turnaround, the company ended June with US$2.1 million in cash and cash equivalents, down from US$4 million at the end of 2025.

CEO Benjamin Zhai emphasized the company's focus on integrating the newly acquired businesses and developing their commercial potential as it begins its next phase of growth.

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