PINE Technology Holdings Limited (1079) published its Annual Report for the financial year ended 30 June 2025. Revenue reached HK$303.4 million, a 29% increase from HK$234.8 million in the prior year, driven primarily by higher sales of other manufacturers’ computer components and consumer electronic products. Gross profit grew 76% to approximately HK$5 million.

Despite top-line growth, the company reported a net loss attributable to shareholders of around HK$17.1 million (previously a net profit of HK$45.6 million in 2024). The main cause was the absence of the HK$57.4 million one-off gain on the disposal of subsidiaries recorded in the prior year, along with an impairment loss of around HK$1.64 million on a right-of-use asset.

Segment-wise, sales from other brand products came in at HK$252.9 million (compared with HK$191 million a year ago), while trading business revenue rose 11% to HK$46.9 million. The computer software and hardware, and system development segment posted HK$3 million in revenue, up from HK$1.7 million in the previous year. Group’s brand products, launched this year in online direct-to-consumer channels, contributed HK$641,000.

As of 30 June 2025, total assets stood at HK$75 million (down from HK$90 million), while net current assets reached approximately HK$68 million (down from HK$83 million). Liquidity remained strong, with a current ratio of 16.31. The company did not declare a final dividend.

Management cited macroeconomic challenges, geopolitics, and cautious consumer demand in the PRC as ongoing headwinds that affected margins. However, it remains committed to risk management, disciplined pricing and cost control, while selectively investing in brand development and technology-driven opportunities.