LOT on Nasdaq

Lotus Resources Limited

Logo: lotusresources.com.au3

Lotus Resources Limited is an uranium mining company based in West Perth.1

Price unavailable

Last updated Oct 20, 2026.

Overview

$519.1MRevenue, fiscal 20254
-$464.2MNet income, fiscal 20254

Compare with Niu Technologies, XPeng or The Lion Electric Co., or pick any stock.

  • TickerLOT on Nasdaq1
  • IndustryMotor Vehicles & Passenger Car Bodies1
  • HeadquartersWest Perth1
  • Websitelotusresources.com.au
  • Incorporated inCayman Islands5
  • Business addressNo. 800 Century Avenue, Pudong District, Shanghai5
  • Filer categoryNon-accelerated filer, Emerging growth company5
  • Legal formCorporation
Lotus Resources Limited image from its website
Image: lotusresources.com.au3

Our Lotus EV business, founded in 2018, was carried out by Wuhan Lotus Cars and the Lotus EV business unit of Ningbo Geely Automobile Research & Development Co., Ltd., or Ningbo Geely R&D, incorporated in the People’s Republic of China, Lotus Tech UK incorporated in the U.K. and Lotus Tech Innovation Centre GmbH, or Lotus GmbH, incorporated in Germany. For the periods ended prior to the Restructuring, we also carried out the Lotus EV business through the former VIE and its subsidiaries based in mainland China. However, we restructured our company beginning in 2023 such that we no longer have any VIE. We refer to this series of transactions in this annual report as the Restructuring.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

8.7%Gross margin4
-81.5%Operating margin4
-89.4%Net margin4
-43.8%Revenue growth, 20254

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 89% of the revenue Lotus Resources Limited broke down this way in fiscal 2025.

  1. Product$462.8M489%down 48% from 2024
  2. Service$56.3M411%up 69% from 2024
Products and services by year
Products and services202320242025
Product$660.2M$891.1M$462.8M
Service$18.9M$33.3M$56.3M

Regions

China brought in 51% of the revenue Lotus Resources Limited broke down this way in fiscal 2025.

  1. China$262.8M451%down 16% from 2024
  2. European Union$112.0M422%down 47% from 2024
  3. United Kingdoms$102.9M420%down 51% from 2024
  4. Others$41.4M48%down 78% from 2024
Regions by year
Regions202320242025
China$419.4M$314.4M$262.8M
European Union$97.2M$209.7M$112.0M
United Kingdoms$83.8M$208.3M$102.9M
Others$78.5M$192.0M$41.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue65¢$473.9M
  • Research and development24¢$171.0M
  • Interest9¢$63.3M
  • Income tax2¢$15.9M

Out of $519.1M in revenue.4 The company lost money this year.

Financial statements

Revenue784$519.1M in 2025+13979% since 2021
0$250.0M$500.0M$750.0M$1.0B2021: $3.7M$3.7M20212022: $9.6M$9.6M2022+159%2023: $679.0M$679.0M2023+7005%2024: $924.3M$924.3M2024+36%2025: $519.1M$519.1M2025−44%
Gross profit784$45.2M in 2025+8017% since 2021
0$50.0M$100.0M$150.0M2021: $557.0K$557.0K20212022: $2.3M$2.3M2022+314%2023: $102.2M$102.2M2023+4329%2024: $29.6M$29.6M2024−71%2025: $45.2M$45.2M2025+53%
Operating income784-$423.2M in 2025+275% since 2021
-$800.0M-$600.0M-$400.0M-$200.0M02021: -$112.9M-$112.9M20212022: -$687.4M-$687.4M2022+509%2023: -$735.9M-$735.9M2023+7%2024: -$786.3M-$786.3M2024+7%2025: -$423.2M-$423.2M2025−46%
Net income784-$464.2M in 2025+320% since 2021
-$1.5B-$1.0B-$500.0M02021: -$110.5M-$110.5M20212022: -$723.9M-$723.9M2022+555%2023: -$742.0M-$742.0M2023+2%2024: -$1.1B-$1.1B2024+49%2025: -$464.2M-$464.2M2025−58%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Total cost of revenues-$473.9M-$894.7M-$576.8M
Gross profit$45.2M$29.6M$102.2M
Research and development expenses (including related parties amounts of US$63,011, US$107,669 and US$135,334 for the years ended December 31, 2025, 2024 and 2023, respectively)-$171.0M-$274.8M-$368.7M
Selling and marketing expenses (including related parties amounts of US$20,125, US$52,636 and US$40,531 for the years ended December 31, 2025, 2024 and 2023, respectively)-$148.3M-$322.3M-$328.9M
General and administrative expenses (including related parties amounts of US$4,227, US$10,873 and US$13,085 for the years ended December 31, 2025, 2024 and 2023, respectively)-$135.8M-$227.5M-$144.5M
Other operating income$38.5M$8.6M$4.1M
Impairment of long-lived assets-$51.8M$0$0
Total operating expenses-$468.4M-$815.9M-$838.1M
Operating loss-$423.2M-$786.3M-$735.9M
Interest income (including related parties amounts of US$20,725, US$13,661 and US$122 for the years ended December 31, 2025, 2024 and 2023, respectively)$28.1M$22.3M$9.2M
Investment income (loss), net$10.7M$14.2M-$1.2M
Foreign currency exchange gains (losses), net$25.7M-$11.7M$42.0K
Changes in fair values of liabilities, excluding impact of instrument-specific credit risk-$28.3M-$285.4M-$10.0M
Loss before income taxes and share of results of equity method investments-$450.3M-$1.1B-$748.1M
Income tax expense-$15.9M-$2.0M-$1.1M
Share of results of equity method investments$2.0M-$171.0K-$1.0M
Net loss-$464.2M-$1.1B-$750.3M
Less: Net loss attributable to noncontrolling interests-$2.0K-$2.4M-$8.3M
Net loss attributable to ordinary shareholders-$464.2M-$1.1B-$742.0M
Accretion of redeemable convertible preferred shares$0-$3.0M-$15.1M
Net loss available to ordinary shareholders-$464.2M-$1.1B-$757.1M
Loss per ordinary share - Basic-$0.72-$1.72-$1.60
Loss per ordinary share - Diluted-$0.72-$1.72-$1.60
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - Basic648.5M shares645.2M shares474.6M shares
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share - Diluted648.5M shares645.2M shares474.6M shares
Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes$13.9M$13.5M-$8.7M
Foreign currency translation adjustment, net of nil income taxes-$29.2M$16.4M$16.2M
Total other comprehensive (loss) income-$15.3M$29.9M$7.6M
Total comprehensive loss-$479.6M-$1.1B-$742.7M
Less: Total comprehensive loss attributable to noncontrolling interests-$2.0K-$2.4M-$8.3M
Total comprehensive loss attributable to ordinary shareholders-$479.6M-$1.1B-$734.4M
Total revenues$519.1M$924.3M$679.0M
Fair value changes of liabilities due to instrument-specific credit risk, income taxes$0$0$0
Foreign currency translation adjustment, income taxes$0$0$0
Interest expenses (including related parties amounts of US$39,109, US$19,504 and nil for the years ended December 31, 2025, 2024 and 2023, respectively)$63.3M$58.2M$10.2M
Net of income taxes$0$0$0

Compare Lotus Resources Limited with another company

Corporate structure

Lotus Resources Limited sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Lotus Resources Limited

  • Automotive Sdn Bhd Etika Filed SCHEDULE 13D on Lotus Resources Limited, latest Jun 24, 2026 (2 filings since Nov 8, 2024)
  • Eric Li Filed SCHEDULE 13D/A on Lotus Resources Limited, latest Jun 12, 2026 (2 filings since Feb 13, 2026)
  • ATW Partners Opportunities Management, LLC Filed SCHEDULE 13G on Lotus Resources Limited, latest Oct 3, 2025
  • Meritz Securities Co., Ltd. Filed SCHEDULE 13G/A on Lotus Resources Limited, latest Oct 1, 2025 (2 filings since May 13, 2024)
  • Lotus Advanced Technology Limited Partnership Filed SC 13G on Lotus Resources Limited, latest Nov 12, 2024
  • Lotus Resources Limited West Perth

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Lotus Resources Limited reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$316.1M4 Dec 31, 2025$372.3M4 Dec 31, 2024−15.1%
Accumulated depreciation$156.7M4 Dec 31, 2025$122.9M4 Dec 31, 2024+27.5%
Property and equipment, net$226.9M4 Dec 31, 2025$316.4M4 Dec 31, 2024−28.3%
Operating-lease assets (leased space)$118.8M4 Dec 31, 2025$144.0M4 Dec 31, 2024−17.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$73.4M4 Dec 31, 2025$103.1M4 Dec 31, 2024−28.8%
Marketable securities, non-current$2.2M8 Dec 31, 2024$3.3M7 Dec 31, 2023−33.2%
Stakes in other companies (equity method)$7.5M8 Dec 31, 2024$4.5M8 Dec 31, 2023+67.9%
Long-term investments$48.0M4 Dec 31, 2025$9.7M4 Dec 31, 2024+393.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$116.5M4 Dec 31, 2025$116.5M4 Dec 31, 20240%
Trademarks and trade names (indefinite-lived)$116.1M4 Dec 31, 2025$116.1M4 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$121.4M4 Dec 31, 2025$188.6M4 Dec 31, 2024−35.6%
Raw materials$1.5M4 Dec 31, 2025$828.0K4 Dec 31, 2024+81.9%
Work in process$31.0K4 Dec 31, 2025$86.0K4 Dec 31, 2024−64.0%
Finished goods$112.2M4 Dec 31, 2025$179.9M4 Dec 31, 2024−37.6%

Leadership

Who has led Lotus Resources Limited, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Daxue Wang2026–now
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorKuen Long, Alexious Lee named Sep 30, 202415
  • DirectorAnish Melwani named Sep 30, 202415
  • DirectorDonghui, Daniel Li named Sep 30, 202415
  • DirectorTeik Huat Ooi named Sep 30, 202415

Timeline

  1. Mar 26, 2026New chief executive Qingfeng Feng becomes CEO9
  2. Feb 18, 2009Went public Listed on Australian Securities Exchange1

Calendar

Coming up

  1. Nov 23, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.10) a share, on Nov 24, 2025.16

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

182 filings to the SEC since October 2021: 3 annual reports, 9 insider forms, 8 large holders, 1 private raises, 161 other. The latest 20:

  1. Sep 14, 20266-K EDGAR
  2. Aug 27, 20266-K EDGAR
  3. Aug 25, 20266-K EDGAR
  4. Jun 24, 2026SCHEDULE 13D EDGAR
  5. Jun 15, 20266-K EDGAR
  6. Jun 12, 2026SCHEDULE 13D/A EDGAR
  7. Jun 12, 20266-K EDGAR
  8. Jun 11, 20263 OWNERSHIP DOCUMENT EDGAR
  9. Jun 3, 20266-K EDGAR
  10. May 12, 20266-K EDGAR
  11. Apr 29, 20263 OWNERSHIP DOCUMENT EDGAR
  12. Apr 28, 202620-F EDGAR
  13. Apr 13, 20263 OWNERSHIP DOCUMENT EDGAR
  14. Apr 10, 20266-K EDGAR
  15. Mar 30, 20266-K EDGAR
  16. Mar 27, 20263 OWNERSHIP DOCUMENT EDGAR
  17. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  18. Mar 18, 20263 PRIMARY DOCUMENT EDGAR
  19. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  20. Mar 16, 20263 OWNERSHIP DOCUMENT EDGAR

The 182 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 30, 2024Filed a private offering of equity Form D: $350 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
HSG Holding Ltd4,834,099$5.7M0.5%No change
Citadel Advisors LLC105,517$123.5K0.0%+62,630
State Street Corp52,332$61.2K0.0%−3,617
Morgan Stanley32,562$38.1K0.0%−11,735
Tidal Investments LLC28,799$33.7K0.0%+2,086
Jane Street Group, LLC24,975$29.2K0.0%New
XTX Topco Ltd24,595$28.8K0.0%−9,025
UBS Group AG15,883$18.6K0.0%+3,497
Two Sigma Securities, LLC15,217$17.8K0.0%+574
SBI Securities Co., Ltd.231$2700.0%+100
Quarry LP210$2460.0%New
Virtu Financial LLC12,121$140.0%−9,376
Caitong International Asset Management Co., Ltd4$50.0%+2

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Lotus Resources Limited is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLotus Technology Inc.2
  • CIK0001962746
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company6
  • Incorporated inCayman Islands6
  • Fiscal year endsDecember 312
  • Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business addressNo. 800 Century Avenue, Pudong District, Shanghai, China2
  • Phone86 27 849901992
  • Shares outstanding642,089,875 shares as of Dec 31, 20256
  • AuditorGrant Thornton Zhitong Certified Public Accountants LLP, Shanghai, China PCAOB ID 1487; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceJan 31, 20232
  • Filings182 in all: 6-K (49), 424B3 (32), 425 (21), UPLOAD (12), CORRESP (11), 3 (9), EFFECT (8), POS AM (5)2
    All 30 form types

    DRSLTR (4), 20-F (3), F-4/A (3), SC 13G (3), DRS (2), DRS/A (2), F-1 (2), SCHEDULE 13D (2), 305B2 (1), 424B5 (1), 8-A12B (1), CERT (1), D (1), F-3 (1), F-3/A (1), F-4 (1), F-6 (1), F-6EF (1), S-8 (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 28, 2026

Securities registered for trading

ClassSymbolExchange
American depositary shares (each representing one ordinary share, par value US$0.00001 per share)LOTNasdaq
WarrantsLOTWWNasdaq

From the cover page of the 20-F filed Apr 28, 2026 (Section 12(b) of the Exchange Act).6