SenseTime Group (Stock Code: 0020.HK) has unveiled its financial performance for the first half of 2026, revealing a revenue of 2.91 billion yuan, marking a substantial 23.4% year-on-year surge. Notably, the company has attained profitability for the inaugural time under the International Financial Reporting Standards (IFRS), registering a profit of 620 million yuan. This achievement signifies SenseTime's first IFRS-based profit since its market debut.

The financial report indicates an EBITDA of 1.388 billion yuan, accompanied by an impressive EBITDA margin of 47.7%. Furthermore, the adjusted net loss stood at 386 million yuan, reflecting a significant 67.3% year-on-year decrease. Among the various revenue streams, the generative AI business shone brightly, contributing 2.327 billion yuan in revenue, a notable 28.2% year-on-year increase, and accounting for a dominant 79.9% of the total revenue.

Additionally, SenseTime has, for the first time, disclosed its recurring revenue, which amounted to 1.145 billion yuan, experiencing a remarkable 124.4% year-on-year growth. This recurring revenue now constitutes 39.3% of the total revenue, showcasing a substantial increase in its proportional contribution.