6-K - Graphex Group Limited | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Graphex Group Limited reported a significant widening in annual net loss to HK$364.6 million for 2025, driven by substantial asset impairments and a 27% revenue decline, raising material going concern doubts.

Key Takeaways

1Annual revenue fell 27% to HK$137.6 million, with graphene products revenue dropping 36% year-over-year.

2Net loss widened significantly to HK$364.6 million, primarily driven by HK$276.1 million in impairment charges.

3The company reported net current liabilities of HK$182.7 million and qualified the financial statements on a going concern basis.

4Management secured HK$80 million in new loan facilities and obtained debt extensions to support liquidity.

5Shareholders approved the disposal of a US subsidiary for US$3 million in cash plus 29 million buyer shares.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

Full Year 2025

Metric	Value	Prior Period
Revenue	$137.6K	$187.8K
Gross Profit	$53.3K	$68.3K
Loss Before Tax	$-387.6K	$-119.2K
Net Loss	$-364.6K	$-111.4K
Basic Loss Per Share	$-54.60	$-32.20

Transaction Details

Acquisition / Disposition

Target: wholly-owned subsidiary incorporated in the US
Consideration: US$3 million in cash and 29 million shares of the buyer
Structure: Disposal

•Transaction approved by shareholders on 20 March 2026
•Completion pending approval procedures of the independent buyer

Debt / Financing

Instrument: Loan Facility
Principal: 80000000
Use of Proceeds: financing working capital

Exhibits (2)

6-K

99.1

EX-99.1