KOALA Financial Group reported audited results for the year ended 31 December 2025.

Revenue and Profitability • Revenue fell 21.5% year-on-year to HK$18.85 million, dragged mainly by softer margin-financing income. • Gross profit declined 24.3% to HK$17.39 million. • Net loss narrowed to HK$9.60 million from the HK$24.70 million loss booked in 2024. Management attributed the improvement chiefly to a sharp reduction in impairment losses on margin-financing receivables (HK$1.58 million vs. HK$18.59 million a year earlier).

Segment Breakdown • Financial services (securities brokerage, margin financing, placing & underwriting) contributed HK$11.74 million, or 62.3% of group revenue. • Money-lending income slid to HK$6.66 million, accounting for 35.3% of revenue; impairment charges on loans and interest receivables rose to HK$11.71 million (2024: HK$3.64 million). • Property-rental income was stable at HK$0.45 million, representing 2.4% of revenue. • Listed securities investments recorded a HK$0.66 million fair-value loss (2024: HK$11.42 million). • Investment properties were revalued downward by HK$0.60 million (2024: HK$5.20 million).

Balance Sheet and Liquidity • Total assets stood at HK$392.83 million, while equity attributable to shareholders was HK$361.89 million. • Cash and bank balances (general accounts) increased to HK$103.54 million (2024: HK$80.86 million). • Total borrowings were trimmed to HK$1.28 million; the gearing ratio remained low at 0.9%. • The group held HK$55.92 million in listed equities classified as financial assets at fair value through profit or loss.

Dividend • The board did not recommend a final dividend (2024: Nil).

Capital Management • Following the August 2022 rights issue, HK$72.0 million of proceeds allocated for margin-financing expansion remain unutilised; management expects deployment by December 2026.

Governance and Outlook • The board highlighted difficult market conditions but reaffirmed a focus on risk control and cautious investment strategies. A new independent non-executive director, Mr Tong Hin Sum, Paul, joined the board in September 2024, and executive director Ms Hsin Yi-Chin resigned in February 2026.