Minerva Group Holding Limited Issues Supplemental Profit Warning for FY2025

Key Highlights from the Announcement

• Significant Net Loss Expected: Minerva Group Holding Limited (“Minerva Group” or “the Company”) has issued a supplemental announcement indicating that, for the financial year ended 31 December 2025 (FY2025), the Group anticipates recording a consolidated net loss of not less than HK\$58 million.
• Major Loss Components:
  • Loss on Fair Value Changes of Financial Assets at FVTPL: Estimated at approximately HK\$35 million, though an improvement from the previous year’s loss of HK\$87 million.
  • Expected Credit Loss on Loan and Interest Receivables (Net of Reversal): Estimated at about HK\$40 million, again lower than FY2024’s corresponding figure of HK\$74 million.
• Unaudited Figures: The announcement is based on a preliminary assessment of unaudited consolidated management accounts. The figures may be subject to change upon finalization and audit review.
• Results Announcement Timeline: The finalized annual results for FY2025 are expected to be published in or around late March 2026.
• Board Composition: The Board currently comprises Mr. Li Wing Cheong (Chairman) and Mr. Tong Hin Jo as executive Directors, with Ms. Chan Lai Ping, Ms. Tam Mei Chu, and Mr. Ho Yuen Tung serving as independent non-executive Directors.

Important Shareholder Information and Price-Sensitive Points

• Potential Impact on Share Price: The anticipated net loss of not less than HK\$58 million for FY2025 is a key piece of price-sensitive information. While the losses relating to fair value changes in financial assets and expected credit losses have decreased compared to FY2024, the continued negative performance may still weigh on investor sentiment and share value.
• Uncertainty and Caution: As the results are based on unaudited figures and may be subject to further adjustments, there is inherent uncertainty. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company until the final results are released.
• Regulatory Compliance: The announcement was made in accordance with Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance.

Detailed Financial Breakdown

The preliminary results highlight two major factors contributing to the expected loss:

• The loss on fair value changes of financial assets at fair value through profit or loss (FVTPL) is projected at HK\$35 million, a significant reduction from HK\$87 million last year, suggesting a partial recovery or lower volatility in the value of these assets.
• The expected credit loss on loan and interest receivables, net of reversal, is expected to reach HK\$40 million. This also marks an improvement over the prior year’s HK\$74 million, possibly indicating better credit risk management or improved collection efforts.

Despite these improvements, the overall loss remains material and is an important consideration for all stakeholders.

Board Statement

The Board emphasizes that the information provided is based on the latest internal assessment and unaudited management accounts, which have not yet been reviewed by the audit committee or the external auditors. Final results may differ after completion of the audit process.

The Company reiterates the importance for shareholders and prospective investors to await the publication of the audited results in late March 2026 before making any investment decisions.

Conclusion

The supplemental profit warning signals ongoing financial challenges for Minerva Group Holding Limited, albeit with some reduction in key loss categories. The continued expectation of a net loss and the pending finalization of results are significant, potentially influencing the Company’s share price until more clarity is provided.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult their financial advisors before making any investment decisions. The information herein is based on preliminary and unaudited figures, which may be subject to significant changes. The Company will release its audited annual results in late March 2026, and all investment decisions should consider the finalized data.

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