Group 1 - The company reported revenue of HKD 38.396 million for the six months ending September 30, 2025, representing a year-on-year decrease of 64.07% [1] - The loss attributable to shareholders widened to HKD 72.913 million, an increase of 52.7% compared to the previous year [1] - The basic loss per share was HKD 0.36 [1]

Core Viewpoint - International Commercial Settlement (00147.HK) reported a significant decline in revenue and a substantial loss for the six months ending September 30, 2025, primarily due to the absence of income from leasing and selling computer equipment [1] Financial Performance - The company's revenue for the reporting period was approximately HKD 38.4 million, a decrease of 64.07% compared to HKD 107 million in 2024 [1] - The group incurred a substantial loss of approximately HKD 112 million, compared to a loss of HKD 65.43 million in 2024 [1] - Basic and diluted loss per share for the reporting period was approximately HKD 0.36, compared to HKD 0.24 in 2024 [1] Revenue Sources - Revenue during the reporting period primarily came from property-related activities, whereas the revenue for the same period in 2024 was generated from leasing and selling computer equipment [1] - The lack of income from leasing and selling computer equipment significantly impacted the company's ability to absorb direct service costs [1] Cost Structure - Direct service costs included data center rental expenses of HKD 8,029,000 and depreciation of computer equipment amounting to HKD 34,941,000 [1] - These direct service costs are categorized as administrative and other expenses for the reporting period [1]

Financial Performance - The company reported revenue of HKD 38,396,000 for the six months ended September 30, 2025, a decrease of 64% compared to HKD 106,862,000 in the same period of 2024[3]. - Gross profit for the same period was HKD 3,065,000, down 78% from HKD 13,773,000 year-on-year[3]. - The company incurred a loss before tax of HKD 113,364,000, compared to a loss of HKD 54,427,000 in the previous year, representing a 108% increase in losses[3]. - The net loss for the period was HKD 112,268,000, which is a 71% increase from HKD 65,429,000 in the prior year[4]. - The company reported a basic and diluted loss per share of HKD 0.36, compared to HKD 0.24 in the previous year[4]. - The company reported a loss attributable to shareholders of HKD 72,913,000 for the six months ended September 30, 2025, compared to a loss of HKD 47,750,000 for the same period in 2024, representing an increase of 52.7%[25]. - Basic loss per share for the six months ended September 30, 2025, was HKD 0.36, compared to HKD 0.24 for the same period in 2024, indicating a 50% increase in loss per share[26]. - The gross profit margin for the current period was 7.98%, down from 12.89% in 2024, primarily due to a shift in revenue sources towards property management, which has a lower margin compared to leasing computer equipment[48]. - The company recorded a significant loss of approximately HKD 112,268,000 for the current period, compared to a loss of HKD 65,429,000 in 2024, largely due to the absence of income from leasing and selling computer equipment[48]. Assets and Liabilities - The company’s total assets increased to HKD 1,598,497,000 as of September 30, 2025, compared to HKD 1,167,711,000 as of March 31, 2025[5]. - The total assets as of September 30, 2025, amounted to HKD 2,002,435,000, an increase from HKD 1,545,770,000 as of March 31, 2025[15]. - The company’s total liabilities increased to HKD 1,448,467,000 as of September 30, 2025, compared to HKD 1,376,375,000 as of March 31, 2025[15]. - The company’s total equity as of September 30, 2025, was HKD 553,968,000, a substantial increase from HKD 169,395,000 as of March 31, 2025[6]. - The current ratio improved to 1.10 from 0.85, and the debt-to-asset ratio decreased significantly to 1.11 from 3.45[46]. - The net asset value per share increased to HKD 2.40 from HKD 0.83[46]. - The total borrowings as of September 30, 2025, were approximately HKD 613,323,000, with 95% denominated in RMB and all borrowings due within one year[87]. Business Segments - The revenue breakdown includes property management services at HKD 26,882,000 and cryptocurrency-related business at HKD 653,000, with no revenue from property sales in 2025[11]. - The property development segment reported revenue of HKD 10,861,000, while the hotel business segment reported no revenue for the six months ended September 30, 2025[13]. - The company’s cryptocurrency-related business incurred a loss of HKD 424,000 for the six months ended September 30, 2025[13]. - The new property management segment generated revenue of approximately HKD 26,882,000 with a loss of only HKD 1,626,000, indicating strong growth since its launch[65]. - The group announced a strategic investment of approximately USD 10,900,000 (about HKD 84,900,000) to purchase 1,863 high-performance mining servers to enhance cryptocurrency mining efficiency[67]. - The mining business only produced approximately 0.736 Bitcoin, generating corresponding revenue of about HKD 653,000, with a segment loss of approximately HKD 424,000 due to salary expenses and mining equipment custody fees[70]. Employee and Operational Costs - Total employee costs for the period amounted to HKD 22,082,000, significantly higher than HKD 7,088,000 in the previous year, reflecting a 211% increase[23]. - The direct costs for the current period included data center rental expenses of HKD 8,029,000 and depreciation of computer equipment amounting to HKD 34,941,000[48]. - The group employed approximately 460 employees as of September 30, 2025, a significant increase from 70 employees in the previous year[95]. Credit and Receivables - The company has established formal credit policies to monitor credit risk exposure through regular reviews of receivables[30]. - The company reported receivables of HKD 126,848,000, an increase from HKD 124,633,000 as of March 31, 2025[27]. - The company’s trade receivables amounted to HKD 143,668,000, with a provision for impairment of HKD 143,441,000 as of September 30, 2025[33]. - The group’s expected credit loss provision for factoring receivables was HKD 65,571,000 as of September 30, 2025, up from HKD 64,426,000 as of March 31, 2025, indicating an increase of about 1.8%[38]. - The group’s management believes the credit risk associated with trade receivables is low, as indicated by the general provision for impairment losses[35]. Strategic Initiatives - The company has initiated a new business focus on cryptocurrency-related activities during the reporting period[10]. - The group plans to expand its cryptocurrency-related business and explore new opportunities in areas such as artificial intelligence, asset tokenization, stablecoin applications, and decentralized finance to enhance long-term shareholder value[71]. - The group plans to issue 2,782,330,000 new shares at a subscription price of HKD 0.18 per share, raising approximately HKD 500,300,000 for general working capital and potential investment opportunities in cryptocurrency and Web 3.0[79]. - The company entered into a non-binding letter of intent to acquire 100% equity of SAI US INC for an estimated cost of USD 1,000,000, aimed at expanding its cryptocurrency mining business[84]. Regulatory and Governance - The audit committee consists of three independent non-executive directors with extensive financial and management experience[101]. - The interim financial data for the six months ending September 30, 2025, has been reviewed by the audit committee and is prepared in accordance with applicable accounting standards[101]. - The auditors confirmed that there were no issues found that would lead them to believe the interim financial data was not prepared in accordance with the relevant accounting standards[102]. - The interim results announcement has been published on the Hong Kong Stock Exchange website and the company's website[103]. - The company expresses gratitude to shareholders for their continued support and to all employees for their efforts and contributions during the period[104].

Core Viewpoint - International Commercial Settlement (00147) anticipates a significant decline in revenue and an increase in net loss for the six months ending September 30, 2025, compared to the same period in 2024 [1] Financial Performance - The company expects to report approximately HKD 38.4 million in unaudited revenue for the current period, a decrease of about 64% compared to the unaudited revenue of approximately HKD 107 million in 2024 [1] - The unaudited consolidated net loss is projected to be around HKD 112 million, which represents an increase of approximately 72% from the unaudited consolidated net loss of about HKD 65.4 million in 2024 [1] Business Operations - The primary reasons for the decline in revenue and the increase in net loss are attributed to the lack of income generated from the leasing and trading of calculator equipment during the current period [1] - The performance of the leasing calculator equipment business is closely linked to the price of Filecoin, which has been in a downward trend since the second half of 2024, resulting in an unfavorable market environment for customers [1] - During the current period, all of the company's equipment remained idle, leading to no revenue generation [1]

Core Points - International Commercial Settlement (00147.HK) expects to report approximately HKD 38.4 million in unaudited revenue for the six months ending September 30, 2025, representing a decline of about 64% compared to unaudited revenue of approximately HKD 107 million for the same period in 2024 [1] - The company anticipates an unaudited consolidated net loss of approximately HKD 112 million, an increase of about 72% from the unaudited consolidated net loss of approximately HKD 65.4 million in 2024 [1] Company Performance - As of November 21, 2025, the stock closed at HKD 0.25, down 1.2%, with a trading volume of 13.635 million shares and a turnover of HKD 3.3107 million [1] - The stock has low attention from investment banks, with no ratings provided in the last 90 days [1] Market Position - The market capitalization of International Commercial Settlement is HKD 5.775 billion, ranking 44th in the Real Estate Development II industry [1] - Key performance indicators compared to the industry average are as follows: - Return on Equity (ROE): -8.46% vs. -19.35% (industry average) [1] - Market capitalization: HKD 5.775 billion vs. HKD 12.485 billion (industry average) [1] - Revenue: HKD 140 million vs. HKD 1.7806 billion (industry average) [1] - Net Profit Margin: -61.23% vs. -143.17% (industry average) [1] - Gross Profit Margin: 12.89% vs. 12.57% (industry average) [1] - Debt Ratio: 75.01% vs. 67.57% (industry average) [1]

Core Viewpoint - International Commercial Settlement (00147) anticipates a significant decline in revenue and an increase in net loss for the six months ending September 30, 2025, compared to the same period in 2024 [1] Financial Performance - The company expects to report approximately HKD 38.4 million in unaudited revenue, a decrease of about 64% compared to the unaudited revenue of approximately HKD 107 million in 2024 [1] - The unaudited consolidated net loss is projected to be around HKD 112 million, representing an increase of approximately 72% from the unaudited net loss of about HKD 65.4 million in 2024 [1] Business Operations - The decline in revenue and increase in net loss are primarily attributed to the lack of income from the leasing and trading of calculator equipment during the period [1] - The performance of the leasing calculator equipment business is closely linked to the price of Filecoin, which has been in a downward trend since the second half of 2024, adversely affecting the market environment for clients [1] - All equipment of the group remained idle during the period, resulting in no revenue generation [1]

Core Insights - The company anticipates a significant decline in revenue and an increase in net loss for the six-month period ending September 30, 2025, compared to the same period in 2024 [1] Financial Performance - The expected unaudited revenue for the period is approximately HKD 38.4 million, representing a decrease of about 64% compared to the unaudited revenue of approximately HKD 107 million in 2024 [1] - The anticipated unaudited consolidated net loss is around HKD 112 million, which is an increase of approximately 72% from the unaudited consolidated net loss of about HKD 65.4 million in 2024 [1] Business Operations - The primary reasons for the decline in revenue and increase in net loss are attributed to the leasing and trading of calculator equipment, which generated no revenue during the period [1] - The performance of the leasing calculator equipment business is closely linked to the price of Filecoin, which has been in a downward trend since the second half of 2024, resulting in a challenging market environment for customers [1] - All equipment of the company remained idle during the period, leading to no recorded revenue [1]

（股份代號：00147） 盈利警告 本公佈乃由國際商業結算控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法 例第571章證券及期貨條例第XIVA部之內幕消息條文（定義見上市規則）而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，且表明不會就因本公佈全部或任何部份內容或因倚 賴該等內容而引致之任何損失承擔任何責任。 INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國 際 商 業 結 算 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） 本公司仍在預備本集團截至二零二五年九月三十日止六個月期間之業績。本公佈內所載 1 資料僅根據本集團管理層對目前可得的資料作出之初步評估，並有待作出最終確認及調 整。 股東及潛在投資者敬請留意，本公司預計於二零二五年十一月底前刊發截至二零二五年 九月三十日止六個月的業績公佈，該公佈將載有本集團於本期間內的財務資料及業績詳 情，建議各股東及潛在投資者細心閱覽。 ...

Core Viewpoint - International Commercial Settlement (00147.HK) announced that it will hold a board meeting on November 28, 2025, to consider and approve the interim results for the six months ending September 30, 2025, and to consider the distribution of an interim dividend, if any [1] Summary by Relevant Sections - Company Announcement - The company will conduct a board meeting on November 28, 2025 [1] - The meeting will focus on the interim performance for the six months ending September 30, 2025 [1] - The board will also consider the potential distribution of an interim dividend [1]

INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國 際 商 業 結 算 控 股 有 限 公 司 承董事會命 國際商業結算控股有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，且表明不會就因本公佈全部或任何部份內容或因倚 賴該等內容而引致之任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：00147） 董事會會議召開日期 國際商業結算控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司 將於二零二五年十一月二十八日（星期五）舉行董事會會議，藉以(其中包括)考慮及批 准本公司及其附屬公司截至二零二五年九月三十日止六個月之中期業績，以及考慮派發 中期股息（如有）。 香港，二零二五年十一月十八日 於本公佈日期，董事會由執行董事袁亮先生及陳少達先生；非執行董事劉雨先生；及獨 立非執行董事葉勇先生、陳嵐冉女士及王建平先生組成。 1 執行董事 袁亮 ...