Revenue: US$959.5 million, +61.4% year-on-year
Gross profit: US$553.2 million, +103.3% year-on-year
Adjusted net profit: US$230.3 million, +285.0% year-on-year
Business Units' Performance
GenScript Life Science Group (LSG): US$522.1 million, +14.8% year-on-year
ProBio: US$388.7 million, +309.1% year-on-year
Bestzyme: US$58.0 million, +7.9% year-on-year
PISCATAWAY, N.J., March 16, 2026 /PRNewswire/ --
GenScript Biotech Corporation (HKEX: 1548), a global company providing life science research services and products, biologics development & manufacturing services, and industrial biotechnology innovation, today announced financial results for full year 2025.
GenScript Biotech Corp Reports Exceptional FY2025 Results
"2025 was a year of accelerated growth and disciplined execution for GenScript," said Sherry Shao, Rotating CEO of GenScript Biotech Corporation. "We delivered strong results while continuing to strengthen the integrated capabilities that differentiate GenScript - from gene synthesis and protein engineering to biologics development and industrial biotechnology innovation. Our performance reflects both solid end-market demand and the benefits of a more connected, globally-scaled operating model."
"Looking ahead, GenScript is well positioned to benefit from the next wave of biotechnology innovation, including AI-enabled discovery, advanced therapeutics, and rising demand for globally-reliable research and manufacturing infrastructure. We remain focused on high-quality growth, operational discipline, and long-term value creation for customers and shareholders."
FY2025 Financial Highlights*
Revenue
In 2025, GenScript recorded revenue of approximately US$959.5 million, representing an increase of 61.4% from approximately US$594.5 million in 2024. The growth is primarily attributable to (i) substantial increase of license revenue, mainly derived from LaNova sublicensing, (ii) continuous investment in commercial efforts, combined with global brand transformation, and enhanced brand awareness, particularly in Europe and North America, (iii) growing industry demand for AI-driven drug development, and multi-antibody drug development, fueling growth in gene-to-protein businesses, (iv) harnessing rebound in biologics CDMO demand and capitalizing on recovering market conditions, (v) continuous market expansion supported by launch of innovative industrial enzyme products.
Gross Profit
Group's gross profit increased by 103.3% to approximately US$553.2 million from approximately US$272.1 million in 2024 - primarily attributable to revenue expansion, especially license revenue, in biologics development services. Adjusted gross profit increased by 98.6% over the prior period.
Selling and Distribution Expenses
Selling and distribution expenses increased by 12.9% to approximately US$99.5 million, from approximately US$88.1 million in 2024 - attributable to the (i) expansion of commercial teams and local recruitment of experienced professionals, (ii) continued investment in regional operations, supporting business development and customer engagement in key global markets. Adjusted selling and distribution expenses increased by 14.6% over the prior period.
Administrative Expenses
Administrative expenses increased by 12.4% to approximately US$128.6 million in 2025 from approximately US$114.4 million in 2024 - mainly attributable to (i) continued expenditures in capacity expansion infrastructure and enhanced administrative functions (ii) initial phase expenses for the new site. Adjusted administrative expenses increased by 14.8% over the prior period.
R&D Expenses
R&D expenses increased by 32.4% to approximately US$71.2 million from approximately US$53.8 million in 2024 - mainly attributable to the accelerated recruitment of highly-skilled professionals and expansion of strategic research initiatives. Adjusted R&D expenses increased by 32.8% over the prior period.
Adjusted Net Profit
Adjusted net profit of the Group was approximately US$230.3 million for FY2025.
Strategic Drivers of FY2025 Performance
1. Integrated platform synergiesThe Group continued to capture greater value from integration across its technology platforms. LSG's gene-to-protein workflow became an increasingly important growth engine, with platform synergies contributing approximately 65% of LSG's 2025 revenue growth.
2. Global reach and diversified revenue baseGenScript further strengthened its international footprint, growing across NA, EU, and APAC. Europe delivered five consecutive years of growth, with 2025 revenue increasing 29% year-on-year, while Asia-Pacific grew 33% year-on-year, underscoring broader geographic diversification.
3. Product and technology innovationGenScript continued to advance proprietary technologies and product platforms spanning life science research tools, biologics discovery and development, and industrial biotechnology applications. These innovations strengthened differentiation, improved productivity, and supported customer adoption across high-growth applications.
4. Automation and digitalizationExpanded use of automation and AI-enabled systems in R&D and manufacturing, improved efficiency, ...
