TOP FORM INT'L (00333) announced that the group expects to record a net loss of no more than HK$28 million for the current financial year (year ending June 30, 2025), compared to an after-tax profit of HK$1.5 million for the year ended June 30, 2024 (fiscal year 2024).

The board believes that the group's expected loss for the current year is primarily attributable to: (i) additional manufacturing costs and contractor fees of approximately HK$8.4 million arising from the suspension of operations at the Indonesian factory, and additional freight costs of approximately HK$6.9 million, as disclosed in the interim report for the six months ended December 31, 2024; (ii) customer support of approximately HK$8.4 million related to changes in US tariff policies; (iii) fair value loss on investment properties of approximately HK$2.1 million; and (iv) fair value loss on financial assets at fair value through profit or loss of approximately HK$1.6 million.