FLYDOO TECH (08069) issued a profit warning, expecting a 750% increase in net loss for the financial year 2025/26.
Flying Road Tourism Technology (08069) announced that compared to the net loss of approximately HK$1.3 million for the year ended on March 31, 2025 (2024/25 fiscal year), the Group expects the net loss for the fiscal year 2025/26 to increase by approximately 750%.
FLYDOO TECH (08069) announced that compared to the net loss of approximately 1.3 million Hong Kong dollars for the financial year ending on March 31, 2025 (2024/25 fiscal year), the Group expects the net loss for the 2025/26 fiscal year to increase by approximately 750%.
The Board of Directors believes that the expected increase in the Group's net loss for the 2025/26 fiscal year is mainly due to: a significant decrease of over 15% in revenue from the Group's travel-related products and services compared to the 2024/25 fiscal year; business development expenses; and losses incurred from clearing inventory due to the termination of retail operations.
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