CROSSTEC (03893) Announces 2025/2026 Interim Results, Records HK$129.00 million Net Loss

Bulletin Express03-05

CROSSTEC (03893) released its interim report for the six months ended 31 December 2025. The company reported revenue of HK$33.30 million, down by 27.0% year-on-year. Gross profit rose by 87.8%, while overall net loss expanded to HK$129.00 million, an increase of 888.2% compared to the same period in the previous year.

Management attributed the widened net loss primarily to a one-off HK$119.80 million loss from the issuance of convertible bonds during the reporting period. Meanwhile, the company held HK$11.70 million in cash and bank balances as of 31 December 2025 and continued to focus on developing business in both the PRC and overseas.

Regarding capital structure, 40.00 million new ordinary shares were issued following the partial conversion of the newly issued convertible bonds. The company did not declare any interim dividend and emphasized ongoing efforts to improve operational performance and strengthen its financial position.

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