Xingkai Holdings(01166.HK) Profit Warning: Expecting the company's interim attributable loss to be approximately HKD 12 million to HKD 18 million

Gelonghui February 23 — Xingkai Holdings (01166.HK) announced that, based on a preliminary review of the unaudited consolidated management accounts for the six months ending December 31, 2025 (“the Relevant Period”), it is expected that the company will record a loss attributable to owners of approximately HKD 12 million to HKD 18 million during the Relevant Period, compared to a loss attributable to owners of approximately HKD 26.226 million for the six months ended December 31, 2024.

Based on the current available information, the board believes that although revenue and gross profit during the Relevant Period have decreased, and there is an expected increase in credit loss provisions and deferred tax expenses (with corresponding deferred tax credits during the period), the loss attributable to owners is expected to decrease. This is mainly due to the following factors: (i) a reduction in general and administrative expenses; (ii) recognition of a net fair value gain on the group’s investment properties during the Relevant Period, while a fair value loss on the group’s investment properties was recorded during the same period; and (iii) a decrease in financing costs.