MAX SIGHT GROUP (08483) issues a profit warning, expecting the loss attributable to shareholders in the first half of the year to increase to approximately HKD 3.2 million to HKD 3.5 million.

MAX SIGHT GROUP (08483) announced that the Group expects to incur a loss attributable to company owners of approximately HKD 3.2 million to 3.5 million in the first half of 2026, compared to a loss of approximately HKD 1.1 million in the same period of 2025. The announcement stated that the expected increase in losses is primarily due to a significant decrease in revenue of at least approximately HKD 8.8 million during this period, while the revenue for the same period in 2025 was approximately HKD 26.1 million. The decrease is mainly attributed to: (a) the expiration of a major service contract in the photography services business, which successfully transitioned from providing services to selling products in April 2025, resulting in a revenue decrease of approximately HKD 7.0 million compared to the same period in 2025; and (b) a decrease of approximately 12% in clinic patient visits during this period, which is directly related to the decline in medical services revenue; partially offset by a reduction in administrative expenses of at least approximately HKD 1.9 million during this period, while administrative expenses in the same period of 2025 were approximately HKD 870,000. The decrease is mainly due to: (a) a decline in employee costs, including the impact of deregistration of a subsidiary operating in the People's Republic of China, and a reduction in the number of administrative personnel following the transition of a major service contract from providing services to selling products; and (b) a reduction in director remuneration due to the resignation of an executive director (effective March 23, 2026).