Wai Chun Group (ASX: 01013) has issued a profit alert, indicating that the company expects to record a consolidated net loss of not less than HK$40 million for the financial year ended March 31, 2026.

This represents a significant increase compared to the audited net loss of approximately HK$10.3 million reported for the previous year. The company attributes the anticipated larger loss primarily to a one-off gain of about HK$23.6 million recognized in the prior year from the modification of terms for convertible bonds, a benefit not replicated in the current financial period.