CRYPTO FLOW (08198) Issues Profit Warning: FY2025 Net Loss Expected to Reach at Least HK$88.00 million

Bulletin Express03-17

Crypto Flow Technology Limited (stock code: 08198) has issued a profit warning, stating that the Group anticipates a net loss of no less than HK$88.00 million for the year ended 31 December 2025, versus a HK$13.00 million loss in 2024.

Management cites five principal factors for the wider loss: 1. Reduced revenue from big data centre services following the shutdown of the Hong Kong facility in June 2025 and lower electricity consumption at the U.S. centre. 2. One-off share-based payment expenses associated with share options granted during the year. 3. Higher research and development expenses linked to the Group’s Web3.0 initiatives. 4. A lower amount of reversal of impairment losses under the expected credit loss model. 5. Increased marketing expenditure.

The figures are based on unaudited management accounts and may change after the completion of the audit. Audited annual results are scheduled for release on or about 27 March 2026. Shareholders and potential investors are advised to exercise caution when trading the company’s shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment