Naas Technology Inc. balance sheet

At the end of fiscal 2025, Naas Technology Inc. had total assets of $44.7m, total liabilities of $172m and shareholders' equity of −$128m. It held $11.6m in cash against $83.3m of debt: net debt of $71.7m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Naas Technology Inc.: balance sheet, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	80	92	162	187	2	1	1	74	61	17	12
Inventory	—	—	—	—	—	—	—	0	3	0	0
Total current assets	—	—	—	—	—	9	24	135	161	60	31
Goodwill	—	—	—	—	—	—	—	0	6	—	—
Total assets	—	—	—	—	—	12	28	160	206	89	45
Total current liabilities	—	—	—	—	—	7	21	28	115	185	161
Short-term debt	—	—	—	—	—	—	0	0	38	33	0
Long-term debt	—	—	—	—	—	—	0	67	—	—	—
Total debt	—	53	96	85	72	0	0	73	106	114	83
Total liabilities	—	—	—	—	—	10	23	97	212	192	172
Shareholders' equity	—	—	—	—	3	2	5	64	−6	−103	−128
Net debt (negative = net cash)	−80	−39	−66	−102	70	−1	−1	−1	45	97	72

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Naas Technology Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Naas Technology Inc.