QINGDAO, China, Sept. 26, 2025 /PRNewswire/ — SOS Limited (“SOS” or the “Company”) (NYSE: SOS) today reported its semi-annual financial results for the six-months ended June 30, 2025.
In compliance with the New York Stock Exchange rules, the Form 6-K is available on the Company’s website at http://www.sosyun.com/. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: ir@sosyun.com.
Interim Financial Results from Operations
Six months ended June 30, 2025 compared to June 30, 2024
Results of operations
Revenue
As of June 30, 2025, SOS focuses on three product and service lines including Commodities Trading, Hosting Service and Others. Commodities Trading contributes 94.9% of the total revenue, 4.3% from Hosting Services and 0.8% from Others, (i.e. legacy data mining which was disposed of in November 2022).
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Six months ended |
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30-Jun-25 |
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Revenue by Products and |
US$ |
Percentage |
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|
Commodities Trading |
85,011 |
94.9 |
% |
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Hosting Services |
3,850 |
4.3 |
% |
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Others |
734 |
0.8 |
% |
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Total revenue -net |
$ |
89,595 |
100 |
% |
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Six months ended |
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30-Jun-24 |
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Revenue by Products and |
US$ |
Percentage |
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|
Commodity Trading |
55,466 |
91.7 |
% |
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|
Hosting Services |
4,719 |
7.8 |
% |
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|
Others |
329 |
0.5 |
% |
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Total revenue -net |
$ |
60,514 |
100 |
% |
||||
Net revenue was $89.6 million, up 48.1% from $60.5 million period-on-period. An increase in revenue is primarily due to higher sales of natural rubber, one of the key industrial materials, as the Chinese economy has continued to recover over the past six months. The ongoing recovery of the Chinese economy over the past six months has fueled increased demand for rubber products. There was no output of production from cryptocurrency mining business: to optimize the use of our limited infrastructure—specifically, physical space and electrical power—the company has decided to strategically reallocate resources toward our higher-growth segment. Effective immediately, the Company shut down temporary (at least during first half of the year) the internal Bitcoin mining operations (self-mining) to prioritize and expand our third-party mining hosting services, which have demonstrated strong and increasing demand.
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Unaudited Condensed Consolidated Statements of Comprehensive Loss |
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(US$ thousands, except share data and per share data, or otherwise notes) |
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Six months ended |
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30-Jun-24 |
30-Jun-25 |
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US$ |
US$ |
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Revenue |
60,514 |
89,595 |
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Operating costs |
(58,083) |
(90,904) |
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Gross profit |
2,431 |
(1,309) |
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Gross profit ratio |
4 |
% |
(1.5) |
% |
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Revenue and Service by Products |
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Six months ended |
Six … |
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