AIOS Tech

The company is mid‑pivot, with FY2025 reflecting a major divestiture and a large non‑recurring loss on disposal. 1H26 is the first clean period and remains very small. Revenues are project‑based with top‑customer concentration and a single geographic hub (Hong Kong), implying volatility.

Regulatory context improved by exiting PRC VIEs, but filings still flag legal and operational risks tied to Hong Kong and potential PRC oversight. Until AIOS builds a diversified book of recurring or subscription‑like services, we expect results to be lumpy and less forecastable.