CROCODILE-NEW (00122) announced its financial results for 2025. Revenue was HK$92.285 million, a decrease of 32.95% compared to the previous year. The company recorded a net loss of HK$108 million, which represents an increase of 116.45% year-on-year. The loss per share was HK$1.4718.
According to the announcement, the primary factors contributing to the loss were: (i) a non-cash revaluation loss of HK$73 million on the group's investment properties (2024: loss of HK$23 million); (ii) a fair value loss of HK$10 million on interest rate swap arrangements (2024: gain of HK$5 million); and (iii) financing costs of HK$29 million (2024: HK$63 million).