CA CULTURAL (01566) has announced that it expects to report an attributable loss to company owners of approximately HK$38.22 million for the fiscal year ending March 31, 2025. This represents a significant decrease of about HK$132 million compared to the loss of HK$171 million recorded for the previous fiscal year ended March 31, 2024. The improved financial performance is attributed to several factors: (i) an increase in gross profit resulting from the group's transition to a light-asset operating model; (ii) a rise in other gains and losses related to the exemption from rental payments and the derecognition of right-of-use assets and lease liabilities; (iii) the absence of an impairment loss on an investment in an associate that was recognized in the corresponding period of 2024; and (iv) a reversal of impairment loss provisions under the expected credit loss model following the receipt of settlement payments from several of the group's debtors.