0001493152-26-022181
SEC filingA transformative but deeply loss-making year: revenue grew modestly, but operating losses widened dramatically due to IPO-related costs and an impairment charge.
Revenue for fiscal year 2025 increased 7.1% to $10.4 million, compared to $9.7 million in the prior year. This growth was primarily driven by higher handling fees from increased nominee services and corporate actions for securities held by customers, as well as growth in money lending interest income. The change in brokerage commissions reflected variance in trading volume of securities by our customers, which in turn mirrored overall market sentiment in the Hong Kong stock market.
The pending merger with Choco Up could transform the Company's capital structure and strategic direction. Management believes that account executives will continue to procure investments, and commission expense is expected to persist. Forward-looking statements involve risks and uncertainties, and actual results may differ materially.