Genesis Scale (00439) Issues Profit Warning, Anticipates FY2025 Net Loss of HK$1.3-1.5 Billion
Stock News
Feb 16
Genesis Scale (00439) announced that the group expects a significant increase in its net loss for the fiscal year ending December 31, 2025 (FY2025). Compared to a net loss of approximately HK$47.4 million for the fiscal year ended December 31, 2024 (FY2024), the net loss for FY2025 is projected to be between about HK$1.3 billion and HK$1.5 billion. The primary reason for the increased net loss is the provision of approximately HK$118 million for a claim related to a legal dispute involving a subsidiary. Details of this litigation were previously disclosed in the company's announcement dated December 16, 2025, titled "Update on Legal Proceedings Involving a Subsidiary."
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