SMART FISH (00139) announced that the group expects to record a pre-tax loss of not less than approximately HK$190 million for the fiscal year ending December 31, 2025. This compares to a pre-tax loss of approximately HK$83 million reported for the year ended December 31, 2024. According to the announcement, the anticipated increase in loss is primarily attributable to a realized loss of approximately HK$235 million from the group's disposal of its equity investment in GIBO Holdings Limited.