Bit Strategy (06113) issues a profit warning, expects a mid-term loss of no less than approximately 6.88 million ringgit, turning from profit to loss year-on-year.

Zhitong Finance APP reports that Bit Strategy (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 period), compared to a profit of approximately 4.60 million ringgit for the six months ending June 30, 2025 (prior period). Although the group recorded an increase in revenue to approximately 46.40 million ringgit (prior period: approximately 45.20 million ringgit), the shift from profit to loss is mainly attributed to (i) an interim bitcoin impairment loss recognized of approximately 4.96 million ringgit (prior period: zero); and (ii) the groups other operating expenses for the interim period increased to approximately 12.90 million ringgit (prior period: approximately 8.90 million ringgit), primarily due to increased costs related to the analysis review aimed at enhancing the performance of the groups telemarketing services and workforce configuration; and (iii) the groups employee costs for the interim period rose to approximately 30.37 million ringgit (prior period: approximately 27.60 million ringgit).