EDVANCE INTL issues a profit warning, expecting a mid-term net profit attributable to shareholders of approximately HKD 23 million to HKD 27 million
EDVANCE INTL expects a net profit attributable to shareholders of approximately HKD 23 million to HKD 27 million in the first half of the fiscal year 2026, turning a loss of approximately HKD 1.2 million in the first half of the fiscal year 2025 into a profit. The main reason is the fair value gain of approximately HKD 17.7 million from the non-listed investments of its holding company, Hong Kong Digital Asset Trading Group Limited
According to the announcement from EDVANCE INTL (01410), based on a preliminary assessment of the group's unaudited consolidated management accounts for the six months ending September 30, 2025 (the first half of the 2026 fiscal year) and currently available information, it is expected that the group will achieve a net profit attributable to the owners of the company of approximately HKD 23 million to approximately HKD 27 million in the first half of the 2026 fiscal year, compared to an unaudited net loss attributable to the owners of the company of approximately HKD 1.2 million for the six months ending September 30, 2024 (the first half of the 2025 fiscal year), thus turning a loss into a profit.
The main reason for the expected turnaround from net loss to net profit is the fair value gain of approximately HKD 17.7 million on financial assets measured at fair value through profit or loss related to the non-listed investments of the holding company of Hong Kong Digital Asset Trading Group Limited, as prepared by an independent professional valuer as of September 30, 2025 (first half of the 2025 fiscal year: the fair value loss on this investment measured at fair value through profit or loss was approximately HKD 11.2 million)
