K. WAH INT'L (00173) Issues Profit Warning, Projects Up to HK$900.00 Million Loss for 2025

Bulletin Express03-08

K. Wah International Holdings Limited (K. WAH INT'L, Stock Code: 00173) announced a profit warning for the year ended 31 December 2025. According to preliminary draft unaudited consolidated management accounts, the Group expects a loss attributable to equity holders of not more than HK$900.00 million, in contrast to the HK$335.00 million profit reported for the previous year.

The key factors underlying this anticipated loss include impairment provisions on unsold inventories amid prevailing market conditions, a change in the fair value of investment properties, and share of losses from joint ventures with negative project margins. The impairment provisions are non-cash in nature and do not affect the Group’s operating cash flow.

Despite this expected loss, the net gearing ratio remains below 20%, and the Group indicates that its overall financial position stays healthy with strong liquidity. The final annual results for 2025 have yet to be reviewed or audited, and are scheduled for release in late March 2026. Shareholders and investors are advised to exercise caution when dealing in the Company’s shares.

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WAH INT'L (00173) Issues Profit Warning, Projects Up to HK$900.00 Million Loss for 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-03-08 18:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>K. Wah International Holdings Limited (K. WAH INT'L, Stock Code: 00173) announced a profit warning for the year ended 31 December 2025. 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