JAKOTA CAPITAL (01468) issues profit warning, expecting annual loss not exceeding HK$150 million, an increase of no more than 22% year-on-year.

JAKOTA CAPITAL (01468) announces that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the financial year ending on March 31, 2026 (2026 fiscal year), the Group expects to incur an annual loss of not more than HK$150 million for the 2026 fiscal year, representing an increase of up to 22% from the annual loss of approximately HK$124 million for the financial year ending on March 31, 2025 (2025 fiscal year). The Board of Directors noted that the expected increase in the loss for the 2026 fiscal year is primarily due to an increase in the provision for impairment losses on loans receivable, expected to increase from approximately HK$26.8 million for the 2025 fiscal year to approximately HK$112 million for the 2026 fiscal year. This increase is based on the Board's receipt and review of preliminary valuation assessments from independent professional valuers, resulting in an upward adjustment to the expected credit loss provisions for the Group's lending business, which has been reflected in the preliminary financial performance for the 2026 fiscal year published by the Company on June 26, 2026.