<a href="https://laohu8.com/S/08118">Bortex Global</a> Ltd. Reports 20% Decline in LED Decorative Lighting Revenue for FY2025, Other Income Swings to HK$25.3 Million Loss
Bortex Global Ltd. has released its annual results for the year ended April 30, 2025. The company reported a decrease in revenue from HK$33.137 million in 2024 to HK$26.44 million in 2025, primarily from the trading and manufacturing of LED decorative lighting products. The gross profit also declined from HK$4.843 million in 2024 to HK$3.703 million in 2025. The company's net other income, losses, and gains saw a significant shift, recording a net loss of HK$25.319 million in 2025 compared to a net gain of HK$94,000 in 2024. This was influenced by a substantial loss from sales of scrap material amounting to HK$27.989 million in 2025, compared to a gain of HK$86,000 the previous year. Despite these challenges, Bortex Global Ltd. reported a reversal of allowance for expected credit losses amounting to HK$2.856 million in 2025, compared to an allowance of HK$5.55 million in 2024. However, the company faced a significant write-down of inventories of HK$19.198 million in 2025, almost double the HK$9.011 million reported in the prior year. The financial results reflect a challenging year for Bortex Global Ltd., with notable decreases in revenue and other income, coupled with increased write-downs and losses from scrap material sales.
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