Financial Performance - Revenue for 2025 decreased to HK$206 million, down 24% from HK$271 million in 2024[14] - Gross profit for 2025 was HK$38 million, a decline of 24% compared to HK$50 million in 2024[14] - Loss before interest expense and tax (LBIT) improved to HK$79 million in 2025 from HK$119 million in 2024[14] - The Group recorded a revenue of approximately HK$206 million for the year ended 31 March 2025, a decrease of 24% from HK$271 million in 2024[17] - Net loss attributable to owners of the Company was approximately HK$85 million, improving from a loss of HK$117 million in 2024, with loss per share decreasing to 1.47 HK cents from 2.03 HK cents[17] - The Group's gross profit decreased by 24% to approximately HK$38 million, but gross margin improved to 19% from 18% due to better margins in the printing business[35] - The Group recorded a loss before tax of approximately HK$86 million for the year, a decrease from HK$129 million in 2024[44] - Loss attributable to owners of the Company was approximately HK$85 million, with a loss per share of 1.47 HK cents, down from 2.03 HK cents in 2024[44] Assets and Liabilities - Total assets decreased to HK$609 million in 2025, down from HK$755 million in 2024[14] - Shareholders' funds dropped to HK$57 million in 2025, a significant decrease from HK$142 million in 2024[14] - Current ratio slightly decreased to 0.66 in 2025 from 0.70 in 2024[14] - Gearing ratio increased to 2.32 in 2025 compared to 1.10 in 2024, indicating higher leverage[14] - Net gearing ratio rose to 1.90 in 2025 from 0.85 in 2024, reflecting increased debt relative to equity[14] - Total assets decreased by 19% to approximately HK$609 million, primarily due to the recognition of carrying costs of properties sold and fair value losses on investment properties[47] - Net current liabilities amounted to approximately HK$183 million, with a current ratio of 0.66 times, down from 0.70 times in 2024[47] Cost Management - Selling and marketing expenses dropped to approximately HK$9 million from HK$15 million, while administrative and other operating expenses decreased to approximately HK$36 million from HK$66 million, reflecting effective cost control measures[37] - The Group's finance costs decreased to approximately HK$7 million from HK$10 million in 2024, attributed to lower bank borrowings and a drop in the Hong Kong Interbank Offered Rate[46] Investment and Growth Opportunities - The Group anticipates a stable reduction in interest rates and gradual improvements in key economic indicators in China, fostering a recovery in global economic growth[21] - The Group is actively seeking growth-enhancing investment opportunities across various industries, leveraging its effective risk management and internal control systems[27] - The Group is exploring opportunities in the financial and asset management services markets to capture growth in the Hong Kong asset management sector[72] Governance and Risk Management - The Board is committed to high standards of corporate governance, ensuring compliance with the Corporate Governance Code throughout the year ended March 31, 2025[127] - The Group has established an effective risk management system to manage key risks and response plans[99] - Key risks facing the Group have been assessed and identified in terms of strategic, operational, and financial aspects[95] - The Group's governance structure aims to effectively manage risks, including environmental, social, and governance (ESG) risks[129] Board Composition and Diversity - The composition of the Board as of March 31, 2025, includes a balanced mix of executive and independent non-executive directors, ensuring diverse expertise[135] - The Company has a strong focus on creating long-term sustainable growth and delivering value to stakeholders[128] - The Nomination Committee conducted two meetings during the year and maintained an appropriate balance of diversity perspectives on the Board[158] - The Company's measurable objective is to have at least one-sixth of the Board comprising females and at least one-third of the workforce (including senior management) comprising females[168] - As of March 31, 2025, one-fifth of the Board members are female, while approximately one-half of the workforce (including senior management) are female[170] Remuneration and Management - The Group's remuneration policy aims to provide fair market remuneration to attract, retain, and motivate high-quality staff[188] - The remuneration package and supplemental service agreements of executive Directors were reviewed and recommended for Board approval[199] - The annual remuneration of senior management members by band for the year ended 31 March 2025 is to be detailed in subsequent reports[195]
融太集团(01172) - 2025 - 年度财报