MTT GROUP (02350) issues profit warning, expecting a loss of approximately HK$44 million to HK$48 million for the year 2026.

MTT GROUP (02350) announced that it is expected to incur an annual loss of approximately HK$44 million to HK$48 million for the year ending 31 March 2026, compared to an annual loss of approximately HK$10.3 million for the year ending 31 December 2025. The significant increase in the loss for the year 2026 is mainly attributed to: (i) provisions confirmed under the settlement agreement reached on 24 March 2026; and (ii) intense market competition in the year 2026 compared to the year 2025, leading to a decrease in revenue and gross profit margin for the distribution business segment and the system integration solution business segment of the Group.