CROSSTEC reported a net loss of HKD 129.0 million for H1 FY2026 (six months ended 31 December 2025), versus a net loss of HKD 13.1 million a year earlier (up 9.9x), which the company said was mainly driven by a one-off loss of HKD 119.8 million recognized on the issue of convertible bonds. Revenue fell 27% to HKD 33.3 million, while gross profit rose 87.8% to HKD 3.8 million and gross margin increased to 11.5% from 4.5%, supported by a higher contribution from Australia projects, which the company said carry relatively higher margins than Hong Kong and the PRC. The group said slower rollout and renovation plans by some customers amid global economic and political uncertainty weighed on business sentiment, and it increased efforts on residential and non-retail projects. Strategically, CROSSTEC said it is focusing resources on expanding interior solutions opportunities in the PRC and Australia, adding new relationships with internationally recognized brands and property developers. Beyond its core interior solutions activities, the group highlighted online game distribution (commenced in 2024) and the start of property agency services in Australia during the period. Cash and bank balances were HKD 11.7 million as of 31 December 2025, and the board declared no 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-20260305-12042089), on March 05, 2026, and is solely responsible for the information contained therein.
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