CRYPTO FLOW (08198) issues a profit warning, expecting a net loss of no less than HKD 54 million in the first half of the year.

CRYPTO FLOW (08198) announced that it expects the group to incur a net loss of no less than HKD 54 million for the six-month period ending June 30, 2026 (subject to certain valuations), compared to a net loss of approximately HKD 33 million for the six-month period ending June 30, 2025. The significant increase in net loss is primarily due to: (i) new amortization of intangible assets from the blockchain data analysis platform and reduced electricity consumption at the US data center leading to a decrease in gross profit; (ii) a substantial increase in expenses related to the new operating businesses of the analysis platform, exchange, and over-the-counter services, mainly comprising subscription fees, maintenance, technical support, and employee costs; (iii) an increase in administrative and other operating expenses, primarily including employee costs and benefits, rental expenses, and professional fees for due diligence on investment targets and Web 3.0-related projects.