BEIJING, Feb. 15, 2026 (GLOBE NEWSWIRE) -- Leishen Energy Holding Co., Ltd. ("Leishen Energy," the "Company") (NASDAQ:LSE) announced its fiscal year 2025 financial results on January 30, 2026, reflecting a transition period: core operating performance weakened, but the Company strengthened its financial foundation through the IPO, reduced leverage, and improved liquidity. The Company's cash position and low debt levels provide flexibility to address operational challenges, while continued improvements in asset quality help mitigate financial risks.

Fiscal Year 2025 Financial Highlights

Total revenues declined from USD $63.5 million to USD $48.3 million due to the economic downturn, particularly the overall sluggishness in the oil and gas market, coupled with customers' cost pressures, weaker market demand, and the impact of the China-US trade tensions. The Company continues to expand into overseas markets and domestic natural gas trading businesses as part of its long-term growth strategy.

Gross profit fell from USD $16.0 million to USD $8.5 million due to revenue declines and persistent cost pressures.

Operating Expenses increased from USD $8.5 million to USD $10.2 million, largely due to higher selling and marketing costs associated with international market expansion, as well as increased research and development.

Net Income remains positive due to strong non-operating gains, including short-term investment income and gains from disposal of equity investments.

Net Income Attributable to Leishen Energy was USD $1.25 million, reflecting a decrease of USD $6.84 million year-over-year.

Segment Performance

Clean-Energy Equipment

Revenue from clean-energy equipment sales accounted for 45.7% of our revenues. Revenue from clean-energy equipment sales decreased by $11,742,904 from $33,816,111. The decrease was mainly due to a decline in market demand, driven ...