ASSET CHAIN (00616) announced its annual performance. Shareholders' attributable annual loss was HK$74.054 million, a year-on-year decrease of 79.73%.

ASSET CHAIN (00616) announced its full-year performance for the year ended March 31, 2026. Revenue from continuing operations recorded approximately HKD 96.747 million, an increase of about 115.7% compared to the previous year. Shareholders' attributable annual loss was HKD 74.054 million, narrowing by 79.73% year-on-year, with a loss per share of HKD 0.06. The announcement stated that the reduced loss was mainly due to (i) reversal of provision for development properties held for sale; (ii) increase in net gain on fair value changes of financial assets recognized in profit or loss; (iii) decrease in loss on disposal of investment properties; (iv) decrease in loss on modification of terms of convertible notes; and (v) reduction in financing costs, partially offset by an increase in provisions for development properties held for sale. In particular, the Group recorded a reversal of provisions for development properties held for sale of approximately HKD 83.78 million for the year ended March 31, 2026, compared to provisions of approximately HKD 1.29 billion for the previous fiscal year (2025), a decrease of approximately 164.8%. The significant decrease was mainly due to an increase in the realizable net value of the Kennedy Town project.