Huanxi Media warns FY2025 net loss to widen to HK$498 million amid higher impairment charges

Bulletin Express
03/24

Huanxi Media Group Limited issued a profit warning indicating that it expects to post a net loss of approximately HK$498.00 million for the financial year ended 31 December 2025, compared with a net loss of about HK$261.00 million in 2024. The projected shortfall represents a year-on-year deterioration of roughly HK$237.00 million.

Management attributes the enlarged loss primarily to:

1. An additional impairment loss of around HK$184.00 million on film and TV programme rights, reflecting lower expected income in light of current market conditions. 2. A rise of about HK$41.00 million in impairment losses on financial assets and contract assets.

The figures are based on unaudited consolidated management accounts and may be adjusted during the final audit process. Huanxi Media plans to publish its audited annual results on 30 March 2026. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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