FAMOUS TECH INT (08100) issues profit warning, expecting a net loss of approximately HKD 6.5 million in the first half of the year.

FAMOUS TECH INT (08100) announced that the group is expected to incur a net loss of approximately HKD 6.5 million in the first half of 2026, compared to a net loss of about HKD 6.3 million in the first half of 2025. The announcement stated that the anticipated loss for the mid-2026 period is mainly due to the combined impact of the following: (i) segment profit from the group's software business of approximately HKD 3.3 million (mid-2025: approximately HKD 5.5 million); (ii) segment profit from the group's securities investment business of approximately HKD 1 million (mid-2025: loss of approximately HKD 500,000), primarily due to realized and unrealized net gains of financial assets recorded at fair value through profit or loss amounting to approximately HKD 1 million (mid-2025: loss of approximately HKD 500,000); (iii) segment loss of approximately HKD 3.1 million from the group's enterprise management solutions and IT contract services business (mid-2025: approximately HKD 3.2 million), mainly due to fierce competition in the IT industry and an impairment loss on goodwill of HKD 2.6 million (mid-2025: HKD 2.3 million); (iv) segment loss of approximately HKD 300,000 from the group's business-to-consumer online sales platform and business-to-business product trading business (mid-2025: approximately HKD 400,000); and (v) other business expenses slightly increased to approximately HKD 7.6 million (mid-2025: approximately HKD 7.3 million).