QUAM PLUS FIN (00952) issued a profit warning, expecting that the pre-tax comprehensive loss for the fiscal year 2025 will not exceed HK$235 million.

QUAM PLUS FIN (00952) announced that the group expects the comprehensive loss before tax for the year ending December 31, 2025 to not exceed HK$235 million, compared to a comprehensive loss before tax of HK$66 million for the year ending December 31, 2024. The comprehensive loss before tax is mainly due to fair value losses on the unlisted equity investments in Fuzhong Group Limited and expected credit loss allowances on other financial assets measured at amortized cost. These reasons are non-cash in nature and will not impact the group's operating cash flow. Despite the expected loss mentioned above, the group's core operating revenue (including fees and commission income from asset management, brokerage business, and corporate finance business, as well as interest income from brokerage business) has increased compared to the previous year. The group has also achieved cost savings through improving operational efficiency.