WALNUT CAP (00905) announced a net loss of 172 million Hong Kong dollars for the fiscal year 2025.

WALNUT CAP (00905) announced its financial performance for the year ending December 31, 2025, with a revenue of HK$1.994 million, an increase of 269.9% year-on-year; a net loss of HK$172 million, compared to a profit of HK$399,000 in the same period last year; and a basic loss per share of 16.4 HK cents. The main reason for the performance turning from profit to loss during the period was due to (i) recognizing impairment losses and losses from selling cryptocurrencies of approximately HK$1.429 billion and HK$7.4 million, respectively; (ii) recognizing a net loss of approximately HK$4.1 million from fair value changes of financial assets accounted for through profit or loss, while recognizing a net gain of approximately HK$17.4 million from fair value changes of financial assets accounted for through profit or loss in the same period.