CROSSTEC $(03893)$ reported revenue of HKD 33.3 million for H1 ended 31 December 2025, down 27.0%, with gross profit of HKD 3.8 million up 87.8% and gross margin improving to 11.5% from 4.5%. The company posted a net loss of HKD 129.0 million, an 8.9x increase, mainly due to a one-off loss of HKD 119.8 million recognized on the issue of HKD 95.5 million in convertible bonds. Basic and diluted loss per share was 66.38 HK cents. Cash and bank balances were HKD 11.7 million as of 31 December 2025. By geography, H1 revenue included HKD 25.8 million from Australia, HKD 4.2 million from Hong Kong and HKD 3.4 million from the PRC (excluding Hong Kong). CROSSTEC said it has been putting more resources into PRC and Australia interior solutions opportunities, and highlighted the start of property agency services in Australia during the period, alongside its online game distribution business commenced in 2024. The board did not declare an interim dividend.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CROSSTEC Group Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260227-12032814), on February 27, 2026, and is solely responsible for the information contained therein.
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