Ahsay Backup Software Development Company Limited reported revenue of HK$36.43 million for the year ended 31 December 2025, down 9.0% from HK$39.96 million in 2024. The contraction reflected softer demand in both core operating segments amid a weaker global economy and intense price competition.
Net results turned positive, with profit attributable to shareholders reaching HK$0.17 million versus a HK$2.19 million loss a year earlier. The improvement stemmed mainly from a HK$1.59 million foreign-exchange gain (2024: HK$0.52 million loss) and a 6.6% reduction in staff costs and related expenses to HK$27.13 million. Other expenses fell 18.6% to HK$11.77 million, aided by lower advertising, marketing and content-acquisition spending.
Segment performance remained mixed. • Online backup software and related services booked a HK$1.99 million loss, narrowing from a HK$4.89 million loss in 2024 as revenue slipped 8.0% to HK$32.11 million. • The information-platform business reversed to a HK$0.84 million loss from a HK$0.88 million profit, with revenue down 15.7% to HK$4.32 million on weaker local leisure spending.
Gross margin data were not disclosed, but the improved bottom line, combined with reduced operating costs, lifted overall profitability. Finance costs rose to HK$0.34 million (2024: HK$0.12 million) due to higher lease-related interest.
The balance sheet remained solid. Cash and bank balances stood at HK$55.43 million at year-end (2024: HK$54.89 million), supporting net cash and net current assets of HK$44.96 million. Total assets declined 5.2% to HK$72.19 million, while equity attributable to shareholders edged up 0.4% to HK$55.15 million. The group reported no bank borrowings and no asset pledges.
Capital expenditure was trimmed to HK$0.13 million (2024: HK$0.25 million). Headcount fell to 47 employees from 68, contributing to cost savings. No dividend was proposed for 2025.
Management highlighted continued investment in product innovation, notably the launch of Ahsay Version 10.1 featuring “Immutable Backup” and “Restore Drill” capabilities. Pricing models are being reshaped toward subscription-based offerings and managed Backup-as-a-Service to align with customer preferences. For the information platform segment, enhancements include AI-driven “AI tips” within its KINBOY horse-racing analysis app, while contributions from KINTIPS remained modest.
The board affirmed that at least 25% of the company’s shares remain in public hands and confirmed compliance with Hong Kong’s corporate-governance code, except for the appointment of a new independent non-executive director, which remains in progress.
No material acquisitions, disposals, capital commitments or contingent liabilities were recorded during the period, and no share repurchases occurred. The annual general meeting is scheduled for 15 May 2026, with the register of members closed from 12–15 May 2026.