PROSPER CONS (06816) issued a profit warning, expecting an annual net loss of no less than HK$126 million.

PROSPER CONS (06816) announced that it expects to incur a post-tax loss of not less than HK$126 million in the fiscal year 2025 (including a preliminary assessment of impairment losses on financial assets of approximately HK$65 million). This is compared to a post-tax loss of approximately HK$151 million in the year ended December 31, 2024 (including impairment losses on financial assets of HK$61 million). In the fiscal year 2025, the group's operating income improved, with revenue and gross profit increasing by approximately HK$248 million and HK$33 million respectively; administrative expenses decreased by approximately HK$25 million due to cost control measures, but financial costs increased by approximately HK$24 million. However, overall, the operating gross profit is still not sufficient to offset administrative expenses, financial costs, and asset impairment losses, resulting in a continued loss in the fiscal year 2025. At the same time, the company is still assessing whether certain assets may require additional impairment losses, and the expected loss for the fiscal year 2025 could further increase.