Metaspacex Ltd. Reports Revenue Drop to HK$263.9 Million and Loss of HK$32.2 Million for Fiscal Year Ended March 2025; EPS Declines to HK6.70 Cents
Reuters
Jun 27, 2025
Metaspacex Ltd. Reports Revenue Drop to HK$263.9 Million and Loss of HK$32.2 Million for Fiscal Year Ended March 2025; EPS Declines to HK6.70 Cents
Metaspacex Ltd. has announced its annual results for the year ended 31 March 2025, reporting a significant decrease in revenue and an increase in losses. The Group's revenue for the review year amounted to approximately HK$263.9 million, down 42.7% from approximately HK$460.3 million in FY2024. This decline in revenue was primarily attributed to a decrease in the number of large-sized projects undertaken amid intense market competition during the year. The gross profit margin for the review year decreased to approximately 2.1% from 4.4% in the previous fiscal year. The Group recorded a loss before income tax of approximately HK$32.2 million, compared to a loss of approximately HK$4.4 million in FY2024. The comprehensive expense attributable to equity holders for the review year was also approximately HK$32.2 million, up from approximately HK$4.4 million in the previous year. The Board of Metaspacex Ltd. has resolved not to declare any dividend for the review year, consistent with the previous year's decision. Looking ahead, the Group plans to closely monitor market trends and adapt its strategies to maintain stability amidst a complex market environment. The Group aims to capture new business opportunities that align with its strategic vision and core competencies while remaining vigilant of global economic trends and market situations.
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