HK TECH VENTURE (01137) Issues Profit Warning: Projects FY2025 Loss of up to HK$155.00 Million on New-Venture Investment and GMV Dip

Bulletin Express03-16

Hong Kong Technology Venture Company Limited (HK TECH VENTURE, 01137) expects to post a FY2025 net loss in the range of HK$145.00 million–HK$155.00 million, widening from FY2024’s HK$66.70 million deficit. Unaudited adjusted EBITDA is projected at HK$55.00 million–HK$65.00 million, down from HK$121.00 million a year earlier.

Key operating indicators remain resilient. The core Hong Kong Ecommerce Business is on track for adjusted EBITDA of HK$305.00 million–HK$315.00 million (FY2024: HK$329.20 million), while HKTVmall’s monthly active unique devices held steady at about 1.60 million. Annual unique customers reached a record 1.539 million, edging up from 1.519 million in FY2024.

Management attributes the larger loss and lower group-level adjusted EBITDA to: 1. Expanded pre-break-even losses from new ventures, notably Wet Market Express, as business volumes scaled up. 2. A 3.5% year-on-year decline in Gross Merchandise Value on order intake for the Hong Kong Ecommerce Business. 3. Non-cash valuation losses on investment properties amid prevailing market conditions, which do not affect operating cash flow.

The figures are based on unaudited management accounts and may be adjusted when audited results are released. The board cautions investors to exercise care in dealing in the company’s securities until the final FY2025 results are published.

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Non-cash valuation losses on investment properties amid prevailing market conditions, which do not affect operating cash flow.</p>\n<p>The figures are based on unaudited management accounts and may be adjusted when audited results are released. 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