BExcellent Group Holdings Limited (1775) reported its audited annual results for the year ended 31 July 2025. Total revenue rose by 23.0% compared with the previous year, from HK$157.1 million to HK$193.2 million. Cash and cash equivalents were HK$86.7 million as of 31 July 2025, compared with HK$76.6 million at the end of 31 July 2024.

Despite the higher revenue, a loss of HK$24.5 million was recorded, a year-on-year increase of 5.3%. Adjusted loss, however, decreased by 22.1%, from HK$21.9 million to HK$17.1 million. Loss attributable to owners of the Company stood at HK$24.4 million, representing a 1.0% decrease from HK$24.6 million in the prior year. The board did not recommend a final dividend.

According to the announcement, a profit guarantee relating to a prior acquisition was not fulfilled. An aggregated net profit of HK$15.0 million had been guaranteed for the period in question; however, the actual net profit achieved was HK$3.0 million, resulting in a shortfall. The Vendors of the target business are thus required to pay a compensation sum to the Company.

In relation to this shortfall, the Company entered into a settlement agreement that involves financial assistance to the Vendors. An immediate payment of HK$1.0 million and a structured plan covering the remaining HK$5.37 million balance will accumulate simple interest at a rate linked to the prime lending rate. This settlement aims to achieve more secure repayment arrangements while allowing the Vendors, who retain a 49% interest in the target business, to maintain ongoing operations.

The announcement also sets the date of the annual general meeting for 19 December 2025. The full annual report for the year ended 31 July 2025 will be made available in due course on the Company’s website and on the website of The Stock Exchange of Hong Kong Limited.