Qeeka Home (Cayman) Inc. Issues Profit Warning for Fiscal Year 2025

Key Points for Investors

• Profit Warning Issued: Qeeka Home (Cayman) Inc. has announced that, based on its unaudited consolidated financial statements for the year ended December 31, 2025, the group expects to record a net loss attributable to equity holders of between RMB40 million and RMB70 million. This marks a significant narrowing compared to the audited net loss of approximately RMB127 million for the previous year (ended December 31, 2024).
• Adjusted Net Loss (Non-IFRS Measure): The group anticipates an adjusted net loss (non-IFRS) of between RMB100 million and RMB130 million for FY2025. This is a deterioration compared to the audited adjusted net loss of approximately RMB94 million for FY2024.
• Key Factors Affecting Results:
  • The continued cyclical adjustment of the domestic real estate industry has led to a slower-than-expected recovery of the group’s domestic businesses.
  • The group’s international business achieved rapid growth during the year, but remains in an investment and expansion stage, resulting in temporary losses.
• Proactive Management: Qeeka Home is closely monitoring market conditions and regularly reviewing financial and operational metrics to adapt quickly to market changes.
• Final Results Pending: The company’s annual results for FY2025 are still being finalized and have not been reviewed by the Audit and Risk Management Committee or the external auditors. Investors should be aware that the results may be subject to further adjustments.

Important Information for Shareholders

• Potential Price Sensitivity: The announcement of a narrowed net loss compared to the prior year, but a wider adjusted net loss (non-IFRS), contains material information that could influence the company’s share price.
• Market Risks Remain: The company continues to face challenges due to the weak recovery in China’s real estate sector. While international expansion is underway, it is currently loss-making.
• Results Not Final: The information is based on preliminary estimates and unaudited figures. Final audited results for FY2025 are expected to be published by the end of March 2026. Investors should exercise caution and await further updates.

Outlook

Qeeka Home’s management indicates ongoing efforts to adapt to challenging market conditions by monitoring both financial and operational performance. The group’s strategic focus on international expansion is beginning to show top-line growth, but profitability remains under pressure due to upfront investment costs. The domestic business, still hindered by the sluggish real estate sector in China, is not yet showing a robust recovery.

Corporate Governance Note

As of the date of the announcement, the Board of Qeeka Home (Cayman) Inc. comprises three executive directors, three non-executive directors, and three independent non-executive directors, ensuring a diverse and balanced corporate governance structure.

Investor Guidance

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the company. The company’s annual results announcement for FY2025 will provide the final and audited figures and is expected by the end of March 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review the company’s official filings and consult with professional advisors before making investment decisions. The information presented is based on unaudited, preliminary figures and may be subject to revision.

View QEEKA HOME Historical chart here