HI SUN TECH (00818) has issued an announcement projecting an operating loss of approximately HK$240 million for the 11-month period ended November 30, 2025. This stands in stark contrast to the operating profit of about HK$106.5 million achieved in the corresponding period ended November 30, 2024. The operating loss for the 11 months to November 30, 2025, is primarily attributable to several key factors: (i) a non-cash share-based payment expense of roughly HK$198.6 million recognized in the payment and digital services segment, related to share options granted by a subsidiary in March 2025; (ii) the absence of a gain of approximately HK$88.4 million from the disposal of a subsidiary that was recorded in the prior period; and (iii) the ongoing displacement of the traditional payment market by digital payment solutions, coupled with additional resource investments in overseas and cross-border business initiatives.

Furthermore, the Group expects to report an operating loss for the full fiscal year ending December 31, 2025. This anticipated loss compares to an operating profit of about HK$99.8 million for the year ended December 31, 2024. Despite the short-term financial setback, the Group firmly believes that this strategic realignment will establish a more solid foundation for its long-term development.