Koolearn Technology (08065.HK) issues profit warning; It is expected that the pre-tax loss for the 2026 fiscal year will not exceed approximately HK$12 million.

Zhixin Finance APP News, Gao Meng Technology (08065.HK) announced that the group is expected to incur a pre-tax loss of no more than approximately 12 million Hong Kong dollars for the year ending March 31, 2026, whereas the group achieved a pre-tax profit of approximately 100,000 Hong Kong dollars for the year ending March 31, 2025. The board of directors believes that the expected loss is mainly due to a decrease in gross profit to approximately 25 million Hong Kong dollars for the 2026 fiscal year. The decrease in gross profit is mainly attributable to a decrease in revenue of approximately 53 million Hong Kong dollars for the 2026 fiscal year, as well as making provisions for loss-making contracts in the 2026 fiscal year.