Crypto Flow Technology Limited released unaudited results for the six months ended 30 June 2026, reporting a HK$54.02 million net loss, 64.6% wider than the HK$32.82 million loss a year earlier.
Revenue fell 18.0% year-on-year to HK$21.22 million. • Big Data Centre Services remained the core contributor at HK$18.66 million, but slid 25.2% on weaker cryptocurrency mining demand. • The newly launched ChainStream on-chain Analysis Platform generated HK$1.51 million. • Australian Exchange and OTC Services added HK$0.38 million in first-time sales. • Money Lending income declined 29.3% to HK$0.68 million.
Gross profit dropped 83.3% to HK$0.77 million, driving gross margin down to 3.6% from 17.8%. Cost pressure stemmed from: • HK$2.98 million amortisation of Analysis Platform intangibles, • HK$8.90 million higher cloud, subscription and maintenance fees, • HK$5.90 million rise in staff costs as headcount expanded for the new businesses, and • HK$3.00 million in additional professional fees linked to Web3.0 due-diligence work.
Operating cash outflow totalled HK$42.72 million. Cash and cash equivalents fell 79.3% to HK$16.88 million, mainly due to HK$14.80 million capitalised development spending on ChainStream and increased right-of-use assets. The balance sheet remains ungeared, with no bank borrowings and net current assets of HK$33.61 million.
Capital expenditure in the period comprised HK$0.38 million for property, plant and equipment, HK$4.49 million for right-of-use assets and HK$14.80 million for intangible assets. Total equity stood at HK$135.99 million, down from HK$177.40 million at end-2025.
Post period-end, the company: 1. Agreed to place up to 66.67 million new shares at HK$1.50 each, targeting gross proceeds of up to HK$100 million to fund AI-related data-centre expansion, computing-power services, R&D and working capital (completion pending). 2. Formed a 51%-owned PRC limited partnership focusing on platform-based computing-power and MaaS services, with planned capital of RMB15 million.
Management reiterated confidence in long-term Web3.0 and AI opportunities but acknowledged near-term headwinds from cryptocurrency market volatility. Expenditure controls and diversification into AI data-centre and computing-power services are intended to broaden revenue streams while maintaining compliance with evolving regulatory frameworks.
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