Mexan Limited (MEXAN) issued a profit warning indicating a markedly reduced loss for the financial year ended 31 March 2026.

The Group expects a loss from continuing operations of approximately HK$2 million to HK$3 million, compared with a HK$38.90 million loss recorded in FY2025. Management attributes the anticipated 92%–95% year-on-year reduction primarily to three factors:

1. Lower impairment loss on investment properties. 2. Decreased administrative expenses, reflecting tighter cost controls across operations. 3. Higher gross profit and revenue from trading of building materials and the fit-out construction segment as several projects reached their final stages.

The figures are based on unaudited management accounts and have neither been audited nor reviewed by the audit committee. Final audited results are scheduled for release on 30 June 2026.

The Board advises shareholders and potential investors to exercise caution when dealing in the Company’s shares.