Great Harvest Maeta Holdings Limited Announces Significant Reduction in Annual Loss for FY2026
Hong Kong – 11 June 2026: Great Harvest Maeta Holdings Limited (Stock code: 3683) has issued an inside information announcement, alerting shareholders and potential investors to a substantial improvement in its financial performance for the year ended 31 March 2026 (FY2026).
Key Highlights for FY2026
- Loss Reduction: The Group expects to record a loss attributable to owners of the Company of not less than US\$6.0 million for FY2026, a significant improvement compared to a loss of US\$10.4 million in FY2025. This represents a decrease in loss of approximately US\$4.4 million, or 42.3% year-on-year.
- Return to Gross Profit: The Group achieved a gross profit of US\$0.4 million in FY2026, compared to a gross loss of US\$1.1 million in FY2025. This turnaround represents a positive swing of US\$1.5 million.
- Reduced Loss on Disposal: Losses on disposal of property, plant, and equipment decreased by US\$2.4 million compared to the previous year.
- Impairment Reversal: The Group recognized a reversal of impairment losses on property, plant, and equipment amounting to US\$2.1 million in FY2026, versus a provision for impairment of US\$6.9 million in FY2025. This change contributed significantly to the improved result.
- Absence of Non-Recurring Gains: FY2026 did not include certain non-recurring gains recognized in FY2025, specifically a gain on modification of convertible bonds (US\$3.2 million) and a reversal of expected penalty interest for convertible bonds (US\$4.0 million).
Important Details for Shareholders
- Unfinalized Results: The figures disclosed are based on preliminary unaudited management accounts and may be subject to amendments and adjustments. The official audited annual results will be published by the end of June 2026.
- Potential Price Sensitivity: The substantial decrease in loss, return to gross profitability, and reversal of previous impairment losses are positive developments that may affect the share price. However, the absence of prior year’s non-recurring gains should also be noted.
- Caution Advised: Shareholders and investors are advised to exercise caution when dealing in the Company’s shares due to the preliminary nature of these results.
Corporate Governance
The announcement was issued under the authority of the Board, chaired by Yan Yui Ham. The Board consists of two executive directors (Mr. Pan Zhongshan and Mr. Sze Wing Kin Pierre), one non-executive director (Mr. Yan Yui Ham), and three independent non-executive directors (Mr. Cheung Kwan Hung, Ms. Wong Tsui Yue Lucy, and Mr. Liu Yongshun).
Summary
This update indicates a notable turnaround in Great Harvest Maeta Holdings Limited’s operations, with the Group moving from gross losses to gross profit and significantly reducing net losses. The improved results stem from operational improvements and accounting adjustments. Investors should watch for the finalized audited results due by end-June, which may confirm or adjust these early figures.
Disclaimer: This article is based on unaudited preliminary management accounts and may not reflect the final audited financial position. Investors should refer to the official annual results announcement and exercise caution.
