Crypto Flow Technology expects to record a net loss of not less than HKD 88 million for the year ended 31 December 2025, compared with a net loss of about HKD 13 million a year earlier. The company attributed the wider loss mainly to lower revenue from big data centre services after ceasing Hong Kong big data centre operations in June 2025 and reduced electricity consumption at its US big data centre. It also cited one-off share-based payment expenses related to share options granted during the year and higher research and development spending for its Web3.0 business. Additional factors included a smaller reversal of impairment loss under the expected credit loss model and higher marketing expenses.
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. Crypto Flow Technology 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-20260317-12056352), on March 17, 2026, and is solely responsible for the information contained therein.
Comments