Universe Entertainment and Culture Group Co. Ltd. has issued a profit warning, indicating that it expects to record a significant loss for the financial year ending 30 June 2025. The anticipated loss is estimated to be in the range of approximately HK$57.0 million to HK$67.0 million, a notable increase compared to the HK$31.2 million loss recorded for the previous year. The company attributes this increased loss primarily to an impairment of approximately HK$46.9 million related to film rights, films in progress, and film-related deposits. This impairment arises from a decline in actual and expected income from these assets. The company's annual results for the year are still being finalized and are expected to be released in late September 2025. The information provided is based on a preliminary assessment by management and has not yet been audited or reviewed by the company's auditors. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares.
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