CRYPTO FLOW Issues Profit Warning, Anticipates Annual Net Loss Exceeding HKD 88 Million

Stock News03-17

CRYPTO FLOW (08198) has announced an expected net loss of no less than HKD 88 million for the fiscal year ending December 31, 2025. This compares to a net loss of approximately HKD 13 million recorded in the 2024 fiscal year.

The significant increase in net loss is primarily attributed to several factors. These include a decrease in revenue from big data center services, resulting from the cessation of operations at its Hong Kong big data center in June 2025 and reduced power consumption at its US-based big data center. Additionally, the company incurred a one-time share-based payment expense related to share options granted during the year. Further contributing factors are increased research and development expenditures for its Web3.0 business, a smaller reversal of impairment losses based on the expected credit loss model compared to the previous year, and higher marketing expenses.

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