Elife Holdings Limited issued a positive profit alert indicating that, based on preliminary unaudited figures for the financial year ended 31 March 2026, the Group expects to record profit attributable to owners of approximately HK$1.80 million. This marks a sharp turnaround from the HK$97.80 million loss reported in the prior year.
Management attributes the recovery to two key factors:
1. The absence of a one-off disposal loss of HK$40.70 million related to Admiral Glory Global Limited, which was recognised in the previous period and did not recur in the current year.
2. A net gain of roughly HK$17.00 million from the reversal of expected credit loss (ECL) allowances on trade and other receivables, contrasting with a HK$32.50 million ECL charge recorded last year. The reversal stems from strengthened efforts to improve receivables collection.
These preliminary results are based on unaudited management accounts. The audited annual results are scheduled for release on 29 June 2026. Shareholders and potential investors have been advised to exercise caution when dealing in Elife Holdings’ securities until the audited figures are published.