RELX Technology (ADR)
Sells compliant RELX vaping products in China and selected international markets.
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Profile
Sells rechargeable and disposable RELX vaping products in China through a licensed tobacco distribution system. International growth spans North Asia and Europe, while overseas RELX activity relies on an intellectual-property license from a founder-controlled affiliate.
Operates China sales through the National Transaction Platform, selling to licensed provincial Tobacco Commercial Enterprises that supply licensed retailers. Its domestic range includes Qingyu, Phantom, Phantom Pro, Zeus, Leili, Daqian and Feiliu products; outside China, it offers rechargeable devices, disposable vaping systems and e-liquid products.
Core Markets and Europe Acquisition are its reportable segments. China products and production inputs must meet national standards and receive approvals, while a manufacturing license underpins specified device, cartridge and disposable production. International RELX and other-brand sales and production are conducted by a separately incorporated, founder-controlled affiliate under an intellectual-property license.
Company facts
Categories
Key statistics
Year to date −20.9% · Average volume (30d) 2.4M
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | $0.09 | $0.03 | −67.4% | $174.0M | $148.7M | −14.5% | −3.00% |
| May 20, 2026Q1 FY26 | $0.03 | $0.03 | −3.3% | $167.0M | $229.8M | +37.6% | +2.38% |
| Mar 13, 2026Q4 FY25 | $0.03 | $0.03 | −9.7% | $154.3M | $163.2M | +5.7% | +1.33% |
| Nov 14, 2025Q3 FY25 | $0.03 | $0.02 | −38.9% | $152.1M | $145.2M | −4.5% | −1.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $105.4M | $118.2M | $153.8M | $158.6M | $217.4M | $136.0M | |
| Gross profit | $34.4M | $36.0M | $52.5M | $52.5M | $73.0M | $53.1M | |
| Operating income | $11.5M | $5.8M | $13.9M | $17.4M | $36.2M | $19.3M | |
| Net income | $33.0M | $32.3M | $30.2M | $41.0M | $42.0M | $32.3M | |
| Diluted EPS | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | |
| Gross margin | 32.6% | 30.5% | 34.1% | 33.1% | 33.6% | 39.0% | |
| Operating margin | 10.9% | 4.9% | 9.0% | 11.0% | 16.6% | 14.2% |
Fiscal years (4-quarter sums)FY21 $1.27B · FY22 $785.6M · FY23 $201.2M · FY24 $363.7M · FY25 $536.0M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.34B · Total debt $36.3M · Total assets $2.51B · Shareholders' equity $2.31B
Dividends
Raised for 2 straight years — most recently to $0.10 from $0.01 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jan 26, 2026 | Jan 26 | Feb 9 | $0.10 | raised from $0.01 |
| Sep 12, 2025 | Sep 12 | Sep 26 | $0.01 | raised from $0.008 split-adjusted |
| Dec 6, 2024 | Dec 6 | Dec 20 | $0.01 | |
| Nov 30, 2023 | Dec 1 | Dec 22 | $0.01 |
Ownership
Shares outstanding 1.22B · Float 843.44M · 69.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ying (Kate) Wang | 793.06M | 51.20% | 13G | Mar 18, 2026 |
| First Beijing Investment Ltd | 60.13M | 4.92% | 13F | May 13, 2026 |
| Idg China Venture Capital Fund V Associates L.P. | 57.13M | 4.67% | 13F | May 1, 2026 |
| Vanguard Capital Management LLC | 21.47M | 1.76% | 13F | May 15, 2026 |
| Olp Capital Management Ltd | 13.19M | 1.08% | 13F | May 19, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- British American Tobacco (ADR)
Vuse vapor systems across major international nicotine markets
- Philip Morris International
VEEV closed-pod and disposable e-vapor products internationally
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RELX Technology (ADR) | $1.83 | −0.27% | $2.24B | 16.2 | — | 3.4 | +34.3% |
| British American Tobacco (ADR) | $56.13 | +0.02% | $121.07B | 13.9 | — | 3.5 | −0.1% |
| Philip Morris International | $191.85 | −0.01% | $299.08B | 27.6 | 22.0 | 7.0 | +10.4% |
| Median | 20.8 | 22.0 | 5.2 | +5.1% |