CROSSTEC (03893) announces its interim performance with a net loss attributable to owners of approximately HK$129 million, an increase of about 8.89 times year-on-year.

CROSSTEC (03893) announced its mid-year performance for the six months ending December 31, 2025, with revenue of HK$33.49 million, a decrease of 27.05% year-on-year. The company's attributable net loss amounted to approximately HK$129 million, an increase of about 8.89 times compared to the previous year, resulting in a loss of 66.38 HK cents per share. The announcement stated that the decrease in revenue was mainly due to the completion of several large projects in Hong Kong and mainland China by the end of the fiscal year ending June 30, 2025. The increase in losses was mainly due to recognizing a loss of approximately HK$120 million from the issuance of convertible bonds during the period.