HARBOUR DIGITAL Turns in HK$0.05 Million Interim Profit and Targets HK$73.10 Million via Rights Issue

Bulletin Express
Sep 07

HARBOUR DIGITAL (Incorporated in the Cayman Islands) released its unaudited interim results for the six months ended 30 June 2026. Net profit edged up to HK$0.05 million, sharply lower than the HK$7.22 million recorded a year earlier, as weaker trading gains offset higher interest income.

Revenue, derived mainly from interest on debt investments, rose to HK$1.98 million from HK$0.77 million. The listed-equity portfolio generated a net gain of HK$3.06 million, comprising HK$4.05 million realised gains and HK$0.99 million unrealised losses. Basic and diluted earnings per share decreased to HK0.01 cent from HK2.04 cents.

Total assets were virtually unchanged at HK$322.27 million, while net assets stood at HK$319.51 million, translating into a net asset value of HK$0.90 per share. Listed equity investments amounted to HK$243.61 million (76.2 % of NAV) and unlisted debt investments totalled HK$50.74 million (15.9 % of NAV).

Liquidity tightened: cash and bank balances declined to HK$0.91 million from HK$9.97 million and net cash used in operating activities was HK$9.06 million. Net current assets remained robust at HK$268.77 million, with a low gearing ratio of 0.9 % and no utilisation of margin facilities.

On 26 May 2026 the Board proposed a rights issue of three rights shares for every two existing shares at HK$0.14 per rights share. Assuming full subscription of 532.23 million rights shares, the company expects to raise net proceeds of approximately HK$73.10 million; completion is pending.

Management reiterated a cautious investment stance amid volatile markets, focusing on opportunities in Hong Kong and U.S. listed equities while maintaining a diversified sector allocation.

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