UBOX ONLINE Issues Profit Warning, Anticipates 64% Reduction in Net Loss for 2025

Stock News03-13

UBOX ONLINE (02429) announced that the Group expects its net loss for the fiscal year ending December 31, 2025, to decrease significantly by approximately 64% compared to the net loss recorded for the fiscal year ending December 31, 2024. The anticipated reduction in net loss for the 2025 fiscal year is primarily attributed to the following factors: (i) a substantial decrease in share-based compensation expenses; (ii) a reduction in goodwill impairment losses and impairment losses on investments accounted for using the equity method; (iii) a decrease in fair value losses on financial assets measured at fair value through profit or loss; and (iv) a reduction in operating losses.

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