BITSTRAT HLDGS (06113) issues a profit warning, expecting a mid-term loss of no less than approximately 6.88 million ringgit, turning from profit to loss compared to the same period last year.

BITSTRAT HLDGS (06113) announced that the Group expects to record a loss of no less than approximately 6.88 million ringgit for the six months ending June 30, 2026 (interim), compared to a profit of approximately 4.60 million ringgit for the six months ending June 30, 2025 (previous period). Despite the Group recording an increase in revenue to approximately 46.4 million ringgit for the interim period (previous period: approximately 45.2 million ringgit), the shift from profit to loss is primarily attributed to (i) the interim recognition of bitcoin impairment losses of approximately 4.96 million ringgit (previous period: zero); and (ii) the Group's other operating expenses increasing to approximately 12.9 million ringgit (previous period: approximately 8.90 million ringgit), mainly due to increased costs associated with analytical reviews aimed at enhancing the Group's telemarketing service performance and staffing; and (iii) the Group's employee costs rising to approximately 30.37 million ringgit (previous period: approximately 27.60 million ringgit).