TI Cloud (02167) delivered a strong set of unaudited interim results for the six months ended 30 June 2026, underpinned by rapid adoption of its “AI-first” strategy and accelerating commercialisation of its ZENAVA platform.

Financial Performance • Revenue rose 7.30% year on year to RMB 288.39 million. • Gross profit increased 6.22% to RMB 148.14 million; gross margin eased marginally to 51.4% (1H25: 51.9%) due to a softer contribution from the legacy Cloud Contact Center business. • Profit before tax jumped 78.40% to RMB 49.29 million; net profit advanced 78.0% to RMB 49.26 million. • Operating cash flow expanded to RMB 51.17 million (1H25: RMB 10.53 million), lifting cash and cash equivalents to RMB 198.22 million with no interest-bearing debt. • The Board declared no interim dividend.

Revenue Mix Shift to AI • AI Solutions revenue climbed 133.1% to RMB 42.45 million, accounting for 14.7% of total sales versus 6.8% a year earlier. Within this segment: – AI Digital Labor Solutions leapt 331.0% to RMB 13.98 million. – AI-Augmented Solutions grew 90.2% to RMB 28.47 million. • Annual Recurring Revenue (ARR) for AI Solutions reached RMB 86 million in June and surpassed RMB 100 million by end-July. • More than 65% of new clients opted for AI Solutions, expanding the installed base of AI Digital Labor Solutions to over 180 enterprises. • AI Digital Labor Solutions posted a customer retention rate of 92.6% and a dollar-based net retention rate of 125.8%.

Legacy Businesses • Cloud Contact Center Solutions revenue declined 3.5% to RMB 230.69 million, reflecting macro-driven budget tightening and churn of low-value seats. • VPC and other solutions generated RMB 15.24 million, up 33.1%.

Cost Structure and Margins • Cost of sales increased 8.5% to RMB 140.25 million. • Selling & distribution, administrative, and R&D expenses fell 8.8%, 17.5% and 13.0% respectively, supporting profit expansion. • Segment gross margins: – AI Solutions: 66.0% (up from 63.3%). – Cloud Contact Center: 47.7% (down from 51.1%). – VPC & other solutions: 65.7% (up from 50.0%).

Operational Highlights • ZENAVA processed over 30 billion tokens daily, evidencing large-scale enterprise usage. • The company is migrating from per-seat licences to consumption- and outcome-based pricing models. • Treasury shares stood at 620,000 after repurchasing 163,000 shares during the period for HK$0.64 million. • All HK$255.70 million IPO proceeds have been fully deployed, primarily to enhance core technologies and expand sales capabilities.

Outlook Management plans to deepen its AI-centric roadmap, prioritise scenario-based AI agent deployment, and reinforce sales coverage across key Chinese economic regions while maintaining a consumption- and outcome-linked revenue model.