HKE Holdings Limited (stock code: 1726) has released its 2025 Annual Report, presenting the latest data on its operations, financial results, and governance measures. Key information is as follows:

HKE focuses on four main segments: (1) Engineering Business (provision of integrated designs and building services, maintenance and other services, as well as sales of tools and materials), (2) FinTech Platform Business (virtual assets trading platform services), (3) Trading and Asset Management Business (trading of derivatives and provision of advisory and asset management services), and (4) Investment Holding.

For the year ended 30 June 2025, revenue reached approximately S$23.0 million, representing a year-on-year increase of about 24.6%. Gross profit was approximately S$9.2 million, with a gross margin of around 39.9%. After considering administrative expenses and net other gains or losses, the Group recorded a net loss of around S$13.6 million.

In its Engineering Business, HKE reported major contract progress in Singapore’s healthcare construction sector, noting that larger-scale projects contributed to the year’s revenue uptick. The FinTech Platform Business continued developing comprehensive trading service solutions involving digital assets and related infrastructure. Under the Trading and Asset Management Business, HKE engaged in advisory and asset management, as well as over-the-counter derivatives trading activities.

During 2025, the Group completed a convertible bond issuance with an aggregate principal amount of HK$26 million at an initial conversion price of HK$2.50 per share. This convertible bond was designated as a financial liability at fair value through profit or loss, and the fair value changes were recognized in the financial statements.

HKE’s management believes prudent financial controls, alongside diversification into engineering, FinTech, and trading and asset management divisions, positions the Group for further operational development. Detailed discussions of financial performance, segment analysis, and auditor’s findings are disclosed in the full report. No dividend was recommended for the reporting period.