Zinwell Corporation (2485) Q4 2025 earnings summary

Executive summary

• Consolidated financial statements for 2025 and 2024 were audited and present fairly in all material respects in accordance with IFRS and local regulations.

• The group operates in digital cable, satellite, and broadband communication equipment, with global operations and subsidiaries.

• Key audit matters included inventory valuation and impairment assessment of accounts receivable due to rapid tech changes and credit risk.

Financial highlights

• Revenue for 2025 was $2,609,069 thousand, nearly flat year-over-year.

• Net loss for 2025 was $334,836 thousand, an improvement from a net loss of $729,946 thousand in 2024.

• Basic and diluted loss per share for 2025 was $(0.96), compared to $(2.26) in 2024.

• Total assets at year-end 2025 were $6,542,374 thousand, down from $6,993,986 thousand in 2024.

• Equity attributable to owners was $5,116,460 thousand at year-end 2025.

Outlook and guidance

• No dividends proposed for 2025 due to lack of earnings.

• Adoption of new IFRS standards in 2026 and beyond is not expected to significantly impact financials.