CRYPTO FLOW (08198) issue warning of profit decline, expecting a net loss of not less than HK$88 million for the year 2025.

Tech Power (08198) announces that the group is expected to incur a net loss of not less than HK$88 million for the year ending December 31, 2025, while the net loss for the 2024 fiscal year is approximately HK$13 million. The significant increase in net loss is mainly due to (i) the cessation of operations of the Big Data Center in Hong Kong in June 2025 and the decrease in electricity consumption at the Big Data Center in the United States, resulting in a decrease in revenue from the provision of Big Data Center services; (ii) one-off share-based payments incurred from the issuance of stock options in the current year; (iii) increase in research and development expenses for the Web 3.0 business; (iv) decrease in impairment losses recorded back based on the expected credit loss model obtained for the current year; and (v) increase in marketing expenses.