Jakota Capital (01468) has announced an anticipated annual loss for the fiscal year ending March 31, 2026.

Based on a preliminary review of the group's unaudited consolidated management accounts, the company expects to incur an annual loss not exceeding HK$150 million for the 2026 fiscal year.

This represents an increase of no more than 22% compared to the approximately HK$124 million annual loss recorded for the previous fiscal year ended March 31, 2025.

The board of directors attributes the expected rise in losses primarily to an increase in impairment provisions for loan receivables.

These provisions are anticipated to rise from about HK$26.8 million in the 2025 fiscal year to approximately HK$112 million for the 2026 period.

This adjustment stems from an upward revision in the expected credit loss provision for the group's money lending business.

The revision was made following the board's receipt and review of a preliminary valuation assessment conducted by an independent professional valuer.

The results of this assessment have been incorporated into the company's preliminary financial results for the 2026 fiscal year, which were published on June 26, 2026.