Chagee net income climbs 2.3% in Q2 2025
The tea chain has a total of 7,038 teahouses as of 30 June 2025.
Chagee Holdings Limited reported a net income of $10.8m in the second quarter of 2025, an increase of 2.3% compared to the same quarter last year.
Non-GAAP net income was US$87.9m in the second quarter of 2025, representing a non-GAAP net income margin of 18.9% last year.
Total net revenues increased by 10.2% to US$465.1m. Net revenues from franchised teahouses in the second quarter of 2025 were $421.7m, representing an increase of 6.1% the same quarter of 2024.
The increase was mainly attributable to the expansion of the company’s franchised teahouse footprint.
Net revenues from franchised teahouses represented 90.7% of the Company’s total net revenues for the second quarter of 2025. Geographically, the increase was mainly attributable to the increase in the domestic market and, to a lesser extent, to the Company’s overseas expansion.
Meanwhile, net revenues from company-owned teahouses in the second quarter of 2025 increased 77.3% to $43.4m, primarily driven by the expansion of the company-owned teahouse network.
Net revenues from company-owned teahouses represented 9.3% of the company’s total net revenues for the second quarter of 2025.
