WALNUT CAP (00905) fell more than 8% by midday, after having dropped over 30% during the morning session. At the time of writing, the stock was down 8.33%, trading at HK$0.77, with a turnover of HK$62.3844 million. The decline follows the recent release of the company's financial results for the year ended December 31, 2025. The company reported revenue of HK$1.994 million, an increase of 269.9% year-on-year. However, it recorded a net loss of HK$172 million, a significant reversal from a profit of HK$399,000 in the same period last year. The basic loss per share was HK16.4 cents. According to the announcement, the shift from profit to loss was primarily due to the recognition of an impairment loss on cryptocurrencies of approximately HK$142.9 million and a loss on the sale of cryptocurrencies of about HK$7.4 million. Additionally, the company reported a net loss of roughly HK$4.1 million from fair value changes on financial assets measured at fair value through profit or loss, compared to a net gain of approximately HK$17.4 million in the prior year period.
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