FIRE ROCK Issues Profit Warning, Anticipates HK$65 Million Net Loss for 2025

Stock News
Mar 16

FIRE ROCK Holdings Limited (01909) has announced that it expects to record a net loss attributable to shareholders of approximately HK$65 million for the fiscal year ending December 31, 2025. This compares to a net loss attributable to shareholders of about HK$17.1 million for the previous fiscal year ended December 31, 2024. The board of directors attributes the decline in the company's financial performance primarily to the following factors: (i) impairment losses recognized on certain game-related intangible assets due to uncertainty regarding their future performance; (ii) amortization charges on certain games launched commercially by the company in March 2025; and (iii) increased employee costs and benefits during the year.

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