CROSSTEC Group Holdings Limited (3893) has published its 2024/2025 annual report, outlining financial and operational results over the reporting period. The group operates primarily through Integrated Interior Solutions Services—covering millwork and furniture trading, as well as design, consultancy, maintenance, and interior solutions—and the Online Game Integrated Services segment, providing online game promotion and support services.
According to the report, revenue reached approximately HK$55.4 million, compared to around HK$73.8 million in the previous year. The group recorded a net loss of about HK$28.2 million for the year, rising from a net loss of approximately HK$13.0 million. The decrease in revenue was mainly due to fewer sizeable projects compared to the previous reporting period; the loss was also affected by a decline in gross profit, lower gains from lease terminations, the absence of prior-year one-off gains, and an increase in finance costs.
Interior solutions projects continued to be the core revenue driver at roughly HK$49.5 million. The newly commenced online game segment contributed approximately HK$4.1 million in revenue. Meanwhile, sales of millwork and furniture amounted to around HK$1.8 million. Gross profit stood at about HK$9.5 million, representing a margin of 17.1%.
Management highlighted a strengthened focus on projects in mainland China, Hong Kong, and Australia, alongside ongoing expansion of new client relationships. The report notes that the group is looking to develop its local interior solutions business further and continue the online game supporting services launched during the year. Nevertheless, with increased borrowing costs and greater capital deficiency, the board reiterated the emphasis on strengthening cash flow, monitoring risks, and exploring suitable funding or strategic partnerships.
On corporate governance, the board shared details on changes in its composition, including appointments and resignations of directors. No dividend was recommended for the year. The auditor expressed an unmodified opinion on the group’s consolidated financial statements with a note regarding the material uncertainty about going concern, referencing the group’s net losses and negative net asset position.
Complete figures and additional information—including the five-year financial summary, director biographies, and notes on risk management—are provided in the full annual report.