Hong Kong-listed MiniMax Group said on August 26 that its unaudited revenue for the first half of 2026 rose 283.1% year on year to US$116.6 million.

The figure exceeded its full-year 2025 revenue of US$79 million, as demand increased for its Open Platform and AI-native products.

Open Platform and other AI-based enterprise services generated US$73.9 million, up 703.1% from a year earlier.

AI-native products, including Hailuo AI, generated US$42.6 million, up 100.9%.

Gross profit rose to US$20.8 million from US$3.7 million, and gross margin improved to 17.9% from 12.1%.

Adjusted net loss widened to US$293 million from US$138.7 million as research and development spending climbed 138.8% to US$296.9 million.

Cash balance was US$1.32 billion on June 30, up from US$1.05 billion at the end of 2025.

MiniMax is listed in Hong Kong under stock code 00100.

Separately, Agora, a US-based real-time engagement software company, announced a collaboration with MiniMax on real-time conversational AI at scale.

🔗 Source: MiniMax

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