LOBO EV TECHNOLOGIES LTD
For the period ended Jun 30, 2025. Filed Sep 3, 2025.
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Jun 30, 2025 · Filed Sep 3, 2025
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Contents
EX-99.2 · Segment Information
Segment Information
On December 11, 2024, the Company completed the disposal of Guangzhou LOBO, which was itssoftware royalties and development and design services segment. The Company has determined that it operates in one operating segment: electric vehicles and accessories sales segment.
As the Company’s long-lived assets are substantially all located in the PRC and all of the Company’s revenues and expenses are derived from within the PRC, no geographical segments are presented.
The following tables present the summary of each reportable segment’s revenue and income, which are considered as segment operating performance measures, for the six months ended June 30, 2025 and 2024:
| Electric vehicles and accessories sales · Software royalties and development and design services | ||||
|---|---|---|---|---|
| Segment · Segment · Consolidated | ||||
| Current assets | $18,856,305 | $ | - | $18,856,305 |
| Non-current assets | 2,424,866 | - | 2,424,866 | |
| Revenues | 12,091,762 | - | 12,091,762 | |
| Depreciation and amortization | 364,331 | 0.00 | 364,331 | |
| Segment income before tax | (2,451,344) | $ | - | (2,451,344) |
| Segment gross profit margin | 16% | 0% | 16% | |
| Net loss | (2,622,169) | $ | - | (2,622,169) |
| Electric vehicles and accessories sales · Software royalties and development and design services | |||
|---|---|---|---|
| Segment | Segment | Consolidated | |
| Current assets | $20,164,937 | $188,900 | $20,353,837 |
| Non-current assets | 2,757,808 | 1,347,801 | 4,105,609 |
| Revenues | 12,076,334 | 56,334 | 12,132,668 |
| Depreciation and amortization | 89,791 | 413,978 | 503,769 |
| Segment income (loss) before tax | 452,479 | (476,687) | (24,208) |
| Segment gross profit margin | 14% | -600% | 11% |
| Net income (loss) | $163,440 | (476,687) | (313,247) |
Depreciation and amortization
The decrease of depreciation and amortization was primarily due to the sale of Guangzhou Lobo and its amortization expense.
Segment income before tax
The income before tax in the vehicles and accessories sales segment decreased by $2,903,823 to loss before tax of $2,451,344 for the six months ended June 30, 2025, from income before tax of $452,479 for the six months ended June 30, 2024.
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