Lottery and integrated technology and services company AGTech Holdings expects to substantially narrow its losses for the financial year ended March 31st, 2026, according to a profit alert filed with the Hong Kong Stock Exchange on Wednesday.
The Hong Kong-listed group said it anticipates a loss of no more than HK$59 million ($7.5 million) for FY2025/26, compared with approximately HK$99 million ($12.6 million) in FY2024/25. The loss attributable to owners of the company is expected to be no more than HK$45 million ($5.7 million), down from approximately HK$90 million ($11.5 million) the previous year.
The board attributed the improvement primarily to a revenue increase of at least 22 percent, driven by the full-year consolidation of Ant Bank (Macao), in which the group acquired a controlling stake on September 2nd, 2024. The prior year reflected only about seven months of contribution from the unit.
The group also recorded no fair value changes on convertible term loan facilities of up to INR1.32 billion (approximately HK$137.3 million, or $17.5 million) previously extended to First Games Technology Private Limited, a 45 percent-owned Indian joint venture.
A fair value loss of around HK$71 million ($9.1 million) had been booked on those facilities in FY2024/25, while a one-off gain of about HK$3.5 million ($447,000) was recognized in FY2025/26 following their termination.
