BLOCKFIN HLDG (00888) reported its annual results for the period ended December 31, 2025. The Group recorded revenue of HK$25.874 million, a decrease of 41.43% compared to the previous year. The loss attributable to owners of the parent company was HK$65.524 million, representing a significant increase of 141.18% year-on-year. The loss per share was 4.61 HK cents.
According to the announcement, the increase in loss was primarily due to two factors. For the year ended December 31, 2025, the company recognized a net unrealized loss of approximately HK$13.6 million on an investment in a private equity fund. This contrasts with the net unrealized gain of about HK$23 million recognized on the same investment for the year ended December 31, 2024. Additionally, there was an increase of approximately HK$7.3 million in the net provision for impairment losses on financial assets.