Moon Inc. (1723) published its interim report for the six months ended 30 September 2025, indicating that the company achieved approximately HK$106.1 million in revenue, an increase of about 7.65% compared to HK$98.5 million in the same period last year. Gross profit rose to HK$22.8 million, up from HK$18.5 million previously, and overall gross margin improved from roughly 18.8% to 21.5%.

The report noted that Moon Inc. recorded a loss attributable to owners of about HK$196 million, primarily owing to the initial recognition of option components embedded in convertible notes. However, the company’s investment portfolio, measured at fair value through other comprehensive income, posted a strong fair value gain of approximately HK$293.5 million, bringing total comprehensive income to HK$97.2 million. There is no recommendation for an interim dividend.

Management highlighted the expansion of Moon Inc.’s prepaid product line—which now includes Pre-paid Bitcoin Cards—and its entrance into other Asian markets. The company completed an investment in DV8 Public Company Limited in Thailand and subscribed to a fund that invested in Bitplanet Co., Ltd. (formerly SGA Co., Ltd.) in Korea. Both moves are intended to enhance distribution networks and sales channels.

The interim report also detailed Moon Inc.’s ongoing cryptocurrency strategy. As of 30 September 2025, the company held nearly 28.88 units of Bitcoin, with a cost of HK$19.6 million and a fair value of HK$25.6 million. Subsequent transactions boosted total Bitcoin holdings to 35 units as of 31 October 2025.

The report stated that Moon Inc.’s net current assets came in at HK$64.9 million, while the current ratio decreased from 9.3 times on 31 March 2025 to 5.2 times on 30 September 2025. The gearing ratio remained at zero with no outstanding debts. The share capital rose from HK$4,000,000 to HK$4,750,000 following the issuance of 75,000,000 shares upon full conversion of the company’s convertible notes.

According to the interim report, the company remains committed to further diversifying pre-paid product offerings and cryptocurrency-related services, while continuing to explore and strengthen international partnerships to support its business development and long-term growth.