FIRE ROCK (01909) issued a profit warning, with an expected shareholder loss of approximately HK$65 million for the year 2025.
FireRock Holdings (01909) announced that the company is expected to have a net loss attributable to owners of the company of approximately HK$65 million for the year ending December 31, 2025, compared to a net loss of approximately HK$17.1 million for the year ending December 31, 2024.
FIRE ROCK (01909) announced that the company is expected to incur a loss of approximately 65 million Hong Kong dollars attributable to the owners of the company for the year ending on December 31, 2025, compared to a loss of approximately 17.1 million Hong Kong dollars for the year ending on December 31, 2024.
The board of directors believes that the decline in the company's financial performance is mainly due to (i) impairments on intangible assets of certain games due to uncertain future performance, (ii) intangible asset amortization for certain games launched in a commercial manner in March 2025, and (iii) increase in employee costs and benefits during the year.
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