CROSSTEC Group Issues Profit Warning, Anticipates Interim Net Loss to Widen to Approximately HK$123-135 Million

Stock News02-13

CROSSTEC Group (03893) has announced a profit warning, stating that for the six-month period ending December 31, 2025, the company expects to report a consolidated net loss ranging between approximately HK$123 million and HK$135 million. This represents a significant increase compared to the consolidated net loss of about HK$13.1 million for the six months ended December 31, 2024. The board of directors attributes the substantial rise in the consolidated net loss for the current period primarily to a one-time loss of approximately HK$120 million. This loss was incurred due to the issuance of convertible bonds with a total principal amount of HK$95.5 million on September 22, 2025.

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