AGTECH HOLDINGS (08279) has issued an announcement that the group expects to record a loss of not less than HK$27 million for the six months ended 30 September 2026, compared with a loss of approximately HK$25.6 million for the six months ended 30 September 2025, representing an increase of approximately 6% or more over the loss recorded in the 2025 six-month period.

In addition, the company also expects that the loss attributable to owners of the company for the 2026 interim period will be not less than HK$24 million, compared with a loss of approximately HK$14.2 million recorded in the 2025 six-month period, representing an increase of approximately 69% or more over the loss recorded in the 2025 six-month period.

The expected increase in the loss attributable to owners of the company is mainly due to, among other things, a decrease of not less than HK$14 million in the segment profit of the group's lottery business during the 2026 interim period compared with the 2025 six-month period.

This decrease is mainly attributable to, among other things, the cyclical nature of the lottery hardware industry, as the group's hardware sales are generally related to the demand of provincial and municipal sports lottery centers, and the lottery terminals of such centers are generally replaced according to their life cycles. In particular, compared with the 2025 six-month period, the total tender volume for sports lottery hardware in mainland China during the 2026 interim period has decreased.