Financial Performance - For the fiscal year ending September 30, 2025, the total revenue was HKD 78,222,000, a decrease of 8.3% from HKD 85,475,000 in the previous year[4]. - The net loss from continuing operations for the year was HKD 48,723,000, compared to a loss of HKD 73,104,000 in the prior year, representing a 33.3% improvement[4]. - The total comprehensive loss for the year was HKD 46,104,000, down from HKD 77,156,000, indicating a 40.3% reduction in losses[5]. - The company reported a basic and diluted loss per share from continuing operations of HKD 50.04, compared to HKD 186.84 in the previous year, showing an improvement of 73.3%[5]. - The group incurred a pre-tax loss of HKD 47,806,000, with allocated corporate income of HKD 2,492,000 and unallocated corporate expenses of HKD 43,601,000[20]. - The group incurred a pre-tax loss of HKD 8,633,000 in 2025, compared to a loss of HKD 19,824,000 in 2024, indicating an improvement in financial performance[28]. - The company reported a pre-tax loss of HKD 77,898 thousand, compared to a loss of HKD 9,455 thousand in the previous year, indicating a significant increase in losses[21]. - The group recorded a loss from continuing operations of approximately HKD 48,700,000, an improvement from a loss of approximately HKD 73,100,000 in the previous year[86]. Revenue Breakdown - The group reported total segment revenue of HKD 100,426,000 for the year ended September 30, 2025, with licensed business contributing HKD 12,587,000 and non-licensed business contributing HKD 84,592,000[20]. - Revenue from licensed business was HKD 78,222 thousand, down from HKD 85,475 thousand, indicating a decrease of about 8.8% year-over-year[24]. - Revenue from non-licensed business was HKD 65,635 thousand, an increase from HKD 61,380 thousand, reflecting a growth of approximately 7.4%[26]. - Revenue from major client A increased to HKD 15,823 thousand from HKD 14,740 thousand, showing a growth of approximately 7.3%[25]. - Revenue from non-licensed businesses increased by approximately HKD 4,200,000 or 6.8% to about HKD 65,600,000, driven mainly by increases in business consulting and human resources services[80]. Asset and Liability Management - The company's cash and cash equivalents increased to HKD 63,530,000 from HKD 36,766,000, marking a growth of 72.6%[6]. - Non-current assets decreased to HKD 44,600,000 from HKD 75,815,000, a decline of 41.2%[6]. - The net asset value decreased to HKD 118,189,000 from HKD 132,180,000, a reduction of 10.6%[7]. - The group has clarified that liabilities must be classified based on rights existing at the end of the reporting period, regardless of future compliance with covenants[11]. - The total liabilities classified as current liabilities included bank borrowings with repayment terms due within one year amounting to HKD 1,087,000 in 2025[50]. - The non-current liabilities increased significantly to HKD 1,296,000 in 2025 from HKD 150,000 in 2024, reflecting a growth of 764%[46]. - The group's bank borrowings decreased to HKD 10,480,000 in 2025 from HKD 16,322,000 in 2024, representing a reduction of 35.3%[47]. Goodwill and Impairment - The impairment loss on goodwill decreased to HKD 26,241,000 from HKD 37,943,000, reflecting a reduction of 30.9%[4]. - The company recognized an impairment loss of HKD 37,943,000 for goodwill related to ongoing operations during the year[42]. - The group recognized goodwill impairment losses of approximately HKD 26,200,000, attributed mainly to the Greater Bay Area business cash-generating unit, due to unforeseen factors in the business environment[81]. Employee and Operational Costs - Employee costs for continuing operations rose to HKD 69,396,000 in 2025, up from HKD 59,942,000 in 2024, reflecting increased employee welfare expenses[31]. - The group employed a total of 105 employees as of September 30, 2025, down from 144 in 2024, with employee benefits costs approximately HKD 70.6 million compared to HKD 62.4 million in 2024[104]. - The group's administrative and other operating expenses slightly decreased by about HKD 1,300,000 to approximately HKD 95,600,000[83]. Strategic Initiatives and Future Plans - The company plans to continue focusing on investment holding and providing various financial services, including corporate finance advisory and asset management[8]. - The company plans to expand its market presence in Hong Kong, China, and Canada, focusing on enhancing service offerings and client engagement strategies[24]. - The group plans to invest in the gaming and entertainment industry and explore acquisition opportunities in the Greater Bay Area to enhance shareholder returns[99]. - The company entered a strategic partnership with Esperanza Fintech, gaining exclusive rights to market digital gold-backed instruments and securities tokens in Hong Kong[62]. - The partnership with Esperanza aims to expand the company's presence in the growing digital asset market, leveraging its expertise in financial services[63]. Shareholder Actions - The company issued 128,452,080 shares through a rights issue at a price of HKD 0.25 per share, raising approximately HKD 32,113,000[53]. - The total amount raised from the share subscription was approximately HKD 11,376,000, with a net estimated amount of about HKD 11,276,000, resulting in a net price per new share of approximately HKD 1.19[67]. - The company successfully placed 18,000,000 shares at a price of HKD 1.65 per share, raising a total of approximately HKD 29,700,000[73]. - The board believes that the share sale and subscription will enhance the company's shareholder and capital base, promoting future growth and development[67]. Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting process and confirmed compliance with applicable accounting principles and regulations[113]. - The financial statements for the year have been agreed upon by the auditor, but no formal verification was conducted according to the relevant auditing standards[114]. - The annual performance announcement is available on the Hong Kong Stock Exchange website and the company's website[115].
亦辰集团(08365) - 2025 - 年度业绩