Adlai Nortye Ltd. ADR (ANL) Income Statement
ANL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsANL revenue and net income
Where ANL's revenue goes
2025Each bar shows an amount and its share of revenue. ANL kept −710.6% of revenue as net income.
ANL profit margins
ANL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ANL quarterly EPS vs estimates
Adlai Nortye Ltd. ADR beat the analyst EPS estimate in 4 of the last 5 quarters.
ANL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.0M | $0 | $5.0M | $0 | $45.7M | $0 | $0 |
| Cost of revenue | $0 | $1.9M | $2.2M | $2.0M | $0 | $1.5M | $1.5M |
| Gross profit | $5.0M | −$1.9M | $5.0M | −$2.0M | $45.7M | −$1.5M | −$1.5M |
| Research & development | $32.8M | $44.9M | $58.2M | $54.5M | $42.1M | $19.0M | $13.3M |
| Sales, general & admin | $7.8M | $9.4M | $14.8M | $12.4M | $12.4M | $6.5M | — |
| Total operating expenses | $40.7M | $52.9M | $72.6M | $67.3M | $54.4M | $24.6M | $17.6M |
| Operating income | −$35.7M | −$52.9M | −$72.6M | −$67.3M | −$8.6M | −$26.1M | −$19.1M |
| Interest income | — | — | $62,000 | $550,000 | $32,000 | — | — |
| Interest expense | $1.5M | $1.9M | $791,000 | $433,000 | $1.3M | $1.7M | $466,145 |
| Income before taxes | −$35.5M | −$51.9M | −$109.2M | −$58.8M | −$56.7M | −$63.4M | −$17.8M |
| Income taxes | — | — | $643,000 | $8.3M | −$46.2M | $3 | −$1 |
| Net income | −$35.5M | −$51.9M | −$109.2M | −$58.8M | −$56.7M | −$63.4M | −$17.8M |
| EBITDA | −$32.6M | −$48.1M | −$106.2M | −$56.3M | −$53.5M | −$60.1M | −$15.9M |
| EPS (diluted) | −$1.17 | −$0.47 | −$2.56 | −$5.20 | −$7.08 | — | — |
| Gross margin | 100.0% | — | 100.1% | — | 100.0% | — | — |
| Operating margin | −714.0% | — | −1,452.3% | — | −18.9% | — | — |
| Net margin | −710.6% | — | −2,186.5% | — | −124.0% | — | — |
| Jun '26 | Mar '26 | Sep '25 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3M | $7.3M | $2.5M | $745,000 | $745,000 | $2.5M | $2.5M | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $645,995 | $532,956 | — | — | — |
| Gross profit | $7.3M | $7.3M | $2.5M | $745,000 | $745,000 | $2.5M | $2.5M | −$645,995 | −$532,956 | — | — | — |
| Research & development | $7.3M | $7.3M | $8.8M | $13.0M | $13.0M | $15.5M | $15.5M | $13.9M | $13.3M | $16.3M | $16.3M | $13.0M |
| Sales, general & admin | $2.9M | $2.9M | $2.1M | $2.4M | $2.4M | $5.0M | $5.0M | $3.1M | $2.1M | $3.0M | $3.0M | $4.5M |
| Total operating expenses | $10.2M | $10.2M | $10.8M | $14.6M | $14.6M | $15.1M | $20.2M | $16.9M | $15.3M | $19.2M | $19.2M | $17.5M |
| Operating income | −$2.9M | −$2.9M | −$8.3M | −$14.6M | −$14.6M | −$17.7M | −$20.2M | −$16.9M | −$15.3M | −$19.2M | −$19.2M | −$17.5M |
| Interest income | — | — | — | — | — | — | — | $1,000 | $64,000 | — | — | — |
| Interest expense | $221,500 | $221,500 | $434,500 | $472,000 | $472,000 | — | $274,500 | $163,000 | $80,000 | — | — | $105,000 |
| Income before taxes | −$2.7M | −$2.7M | −$8.6M | −$13.8M | −$13.8M | −$12.9M | −$15.4M | −$63.4M | −$15.0M | −$22.1M | −$22.1M | −$3.5M |
| Income taxes | — | — | — | — | $321,500 | $321,500 | $321,500 | −$46.2M | $338,000 | — | — | $13.8M |
| Net income | −$2.7M | −$2.7M | −$8.6M | −$13.8M | −$13.8M | −$13.2M | −$15.4M | −$63.4M | −$15.0M | −$22.1M | −$22.1M | −$3.5M |
| EBITDA | −$2.7M | −$2.7M | −$7.6M | −$14.4M | −$14.4M | −$17.4M | −$19.9M | −$62.6M | −$14.4M | −$19.0M | −$19.0M | −$2.9M |
| EPS (diluted) | — | — | $0.00 | −$0.35 | — | −$0.38 | −$0.24 | −$1.94 | — | — | — | — |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — | — | — | — | — |
| Operating margin | −39.3% | −39.3% | −330.5% | −1,962.6% | −1,962.6% | −708.5% | −808.5% | — | — | — | — | — |
| Net margin | −36.3% | −36.3% | −343.9% | −1,853.2% | −1,853.2% | −529.1% | −616.2% | — | — | — | — | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ANL's financial statements (latest annual report filed April 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ANL financial results
In fiscal year 2025 (ended December 31, 2025), Adlai Nortye Ltd. ADR reported revenue of $5.0 million. It had a net loss of $35.5 million, a net profit margin of −710.6%. Diluted earnings per share came to −$1.17.
See the ANL stock overview for the latest quote and news, or the ANL chart for price history and technical indicators.
ANL income statement FAQ
What is Adlai Nortye Ltd. ADR's annual revenue?
Adlai Nortye Ltd. ADR reported total revenue of $5.0 million for fiscal year 2025, which ended on December 31, 2025.
Is Adlai Nortye Ltd. ADR profitable?
No. Adlai Nortye Ltd. ADR reported a net loss of $35.5 million in fiscal 2025, a net profit margin of −710.6%; its operating margin was −714.0%.
What is Adlai Nortye Ltd. ADR's gross margin?
Adlai Nortye Ltd. ADR's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, Adlai Nortye Ltd. ADR kept $100 after the direct cost of its products and services.
How much does Adlai Nortye Ltd. ADR spend on research and development?
Adlai Nortye Ltd. ADR spent $32.8 million on research and development in fiscal 2025, 656.7% of revenue.
What are Adlai Nortye Ltd. ADR's earnings per share?
Adlai Nortye Ltd. ADR earned $-1.17 per diluted share in fiscal 2025, compared with $-0.47 a year earlier.
When does Adlai Nortye Ltd. ADR's fiscal year end?
Adlai Nortye Ltd. ADR's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 10, 2026.