NaaS Technology (NAAS) Equity Ratio (2016 - 2025)

NaaS Technology has disclosed Equity Ratio across 10 years of filings, most recently posting 2.86 for Q4 2025.

• In Q4 2025, Equity Ratio fell 146.4% year-over-year to 2.86; the TTM figure through Dec 2025 stood at 2.86 (down 146.4% YoY), while the FY2025 annual figure was 2.86, down 146.41% from the prior year.
• Equity Ratio slipped to 2.86 in Q4 2025, from 1.03 in the prior quarter.
• Over the last five years, Equity Ratio for NAAS reached as high as 0.7 in Q2 2022 and fell as low as 2.86 in Q4 2025.
• The 5-year median for Equity Ratio is 0.09 (2023), against an average of 0.22.
• Annual changes were most pronounced in 2022 — Equity Ratio jumped 274.09% — and 2024, when it tumbled 3794.36%.
• A 5-year view of Equity Ratio shows it stood at 0.17 in 2021, then soared by 140.07% to 0.4 in 2022, then sank by 107.5% to 0.03 in 2023, then plunged by 3794.36% to 1.16 in 2024, then sank by 146.4% to 2.86 in 2025.
• According to Business Quant data, Equity Ratio over the past three periods registered 2.86, 1.03, and 1.16 for Q4 2025, Q2 2025, and Q4 2024 respectively.