MTT Group Holdings (2350) investor relations material

Executive summary

• FY2026 revenue rose 12.5% YoY to HK$708.9m, but gross profit fell 36.3% and net loss widened to HK$44.5m.

• Basic loss per share was HK7.13 cents, versus HK1.65 cents in FY2025.

Financial highlights

• Revenue increased HK$78.7m YoY to HK$708.9m; cost of sales and services rose 17.8% to HK$669.8m.

• Gross profit decreased to HK$39.1m from HK$61.4m; loss before tax was HK$51.7m versus HK$10.0m.

• Net loss expanded to HK$44.5m from HK$10.3m; a HK$7.1m income tax credit partly offset the pre-tax loss.

• Administrative and other expenses rose 86.1% to HK$69.6m, mainly on staff costs, legal and professional fees, and settlement provision; winding-up settlement charge was HK$23.4m.

• Finance costs declined 67.6% to HK$1.2m as bank borrowings decreased.

Outlook and guidance

• Cloud adoption, AI computing infrastructure, industrial automation, Greater Bay Area data centres, digital government and edge computing offer growth opportunities.

• A potential acquisition is intended to expand industrial AI and robotics capabilities and accelerate AI solution deployment in the PRC; due diligence is ongoing.

• Management expects Hong Kong IT conditions to remain challenging over the long run amid macroeconomic pressure and intensifying competition.