AGTech Holdings said Tuesday it expects to post a sharply wider loss of at least HK$20 million ($2.5 million) for the six months ended September 30, 2025, compared with a loss of about HK$1.6 million ($205,000) a year earlier, mainly due to higher costs linked to its banking business in Macau.
The lottery and gaming technology supplier, controlled by Ant Group, said the loss attributable to shareholders will be no less than HK$9 million ($1.15 million), reversing a HK$2 million ($256,000) profit recorded in the same period of 2024.
AGTech said the larger deficit was primarily driven by the full consolidation of Ant Bank (Macao) Limited’s results for the first half of 2025, which contributed a loss of at least HK$18 million ($2.3 million), compared with about HK$7 million ($897,000) a year earlier.
Interest expenses at Ant Bank surged to about HK$48 million ($6.1 million) from HK$3 million ($384,000) as customer deposits grew 180 percent, while the group’s finance income fell by around HK$10 million ($1.3 million) due to lower market interest rates.
Despite a rise in total revenue of more than 30 percent, boosted by growth in its Macau consumer services business, AGTech also cited higher operating expenses, foreign exchange losses, and a small fair-value loss on loans to its Indian joint venture.
The company said the figures are based on preliminary unaudited results, with the final interim report to be released later.
