Bradaverse Education (Int’l) Investments Group Limited released its unaudited results for the six months ended 31 December 2025.

Revenue fell 56.29% year-on-year to HK$21.95 million, chiefly reflecting a sharp 89.33% contraction in gaming product sales to HK$3.41 million and a halt in virtual-reality product sales. Private-education income, the Group’s core business, edged up 6.36% to HK$16.72 million, while interest from the money-lending arm slipped 6.67% to HK$1.26 million.

Disciplined cost controls and a HK$1.42 million reversal of loan-impairment provisions helped trim the period loss to HK$3.85 million, compared with a HK$14.04 million loss a year earlier. Loss attributable to shareholders narrowed to HK$3.55 million, translating into a loss per share of HK0.58 cents (2024: HK1.90 cents).

Operating expenses moderated: staff costs declined 8.6% to HK$13.26 million and marketing spend dropped to HK$0.49 million (2024: HK$1.36 million). Finance costs were largely stable at HK$1.38 million.

Total assets stood at HK$90.82 million, with cash and cash equivalents of HK$0.84 million. The current ratio was 1.59 times (30 June 2025: 1.61 times), while the gearing ratio rose to 48.44% from 45.71%, reflecting interest-bearing borrowings of HK$19.49 million.

Financial assets at fair value through profit or loss were valued at HK$30.26 million, dominated by a HK$14.48 million stake in Convoy Global Holdings. A HK$0.50 million fair-value gain was recorded for the portfolio during the period.

The Board does not recommend an interim dividend (2024: nil).

Management highlighted plans to integrate artificial-intelligence, VR and STEAM technologies into its education platforms and to pursue prudent expansion in digital education, while maintaining tightened credit controls for gaming product distribution.