IB SETTLEMENT (00147) Issues Profit Warning, Expects Interim Net Loss to Rise Approximately 72% YoY

Stock News
Nov 21, 2025

IB SETTLEMENT (00147) announced that it expects to record unaudited revenue of approximately HK$38.4 million for the six months ended September 30, 2025, representing a decline of about 64% compared to the unaudited revenue of HK$107 million in the same period in 2024. Additionally, the unaudited consolidated net loss is expected to be around HK$112 million, a 72% increase from the unaudited net loss of HK$65.4 million in the corresponding period last year.

The decrease in revenue and widening net loss during the period are primarily attributed to the absence of income generated from the leasing and trading of computing equipment operations. The performance of the leasing business is closely tied to the price of Filecoin, which has been on a continuous decline since the second half of 2024, creating an unfavorable market environment for clients. During the period, all of the group's equipment remained idle, resulting in no revenue generation.

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