IBO TECH (02708) announces its performance for the 2025 fiscal year, with the company's owners expected to incur a loss of approximately 4.02 million yuan, a decrease of 99.5% year-on-year.

IBO TECH (02708) announced its full-year performance for the year ending March 31, 2025, with revenue of approximately RMB 19.46 million, a decrease of 90.2% year-on-year. Gross profit was approximately RMB 5.88 million, a decrease of 18.1% year-on-year. The company's attributable net loss was approximately RMB 4.02 million, narrowing by 99.5% year-on-year; with a loss per share of 0.57 cents. The announcement stated that the decrease in revenue was mainly due to the basic stagnation of other divisions' businesses except the system maintenance service division. The loss is mainly attributed to: (i) loss from discontinued operations of subsidiary companies (2024: approximately RMB 649 million); (ii) sales and service costs of approximately RMB 13.59 million (2024: approximately RMB 192 million); (iii) financial costs of approximately RMB 10.78 million (2024: approximately RMB 19.61 million); (iv) income tax expenses of approximately RMB 1.46 million (2024: income tax credits of approximately RMB 10.24 million); and (v) other net losses of approximately RMB 1.19 million (2024: approximately RMB 7.21 million).