FLYDOO TECH-NEW Issues Profit Warning, Anticipates 750% Increase in Net Loss for FY 2025/26

Stock News06-18

FLYDOO TECH-NEW (ASX: 08069) has issued a profit warning announcement.

The company expects its net loss for the 2025/26 financial year to increase by approximately 750% compared to the net loss of about HK$1.3 million recorded for the year ended March 31, 2025 (the 2024/25 financial year).

The board of directors attributes the anticipated rise in losses for the 2025/26 financial year primarily to three factors.

Firstly, revenue from the group's travel-related products and services has decreased significantly by over 15% compared to the 2024/25 financial year.

Secondly, the company has incurred business development expenses.

Thirdly, losses were generated from clearing inventory due to the termination of its retail operations.

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