Acme International Holdings Limited reported a consolidated net loss of HK$51.05 million for the year ended 31 December 2025, reversing from a HK$4.28 million profit in 2024. Basic loss per share was 5.93 HK cents versus earnings of 0.71 HK cents a year earlier.
Revenue fell 26.2% year-on-year to HK$148.12 million. The decline stemmed mainly from the Building Maintenance Unit (BMU) Systems Business, where revenue dropped 48.7% to HK$81.23 million following subdued construction demand in Hong Kong. Group gross profit contracted to HK$5.84 million, translating into a margin of 3.9% (2024: 24.0%), hurt by negative HK$24.45 million net revenue from electricity trading in Shandong.
Green Power Energy Business turnover rose 58.3% to HK$66.89 million, buoyed by a 204% increase in renewable-energy technical services income from New Zealand to HK$69.03 million. This growth was partially offset by a HK$2.14 million net loss in AI-enabled electricity trading, chiefly attributable to cost mis-estimates in Shandong. Electricity trading in Guangdong generated HK$16.82 million, while a first-year contribution of HK$5.50 million came from Guangxi.
Total operating expenses expanded to HK$58.31 million (2024: HK$35.38 million), reflecting full-year consolidation of the New Zealand subsidiary and higher corporate costs linked to green-energy expansion. Finance costs net of income were broadly stable at HK$3.29 million.
The balance sheet strengthened. Borrowings decreased to HK$43.66 million (31 December 2024: HK$79.74 million) after debt-to-equity conversion and three equity placings that raised an aggregate HK$44.20 million gross. Cash and cash equivalents stood at HK$74.44 million, moving the Group into a net cash position. Consequently, the gearing ratio fell to 37.5% from 78.6% a year earlier, while equity attributable to shareholders rose to HK$135.70 million.
Operationally, the Group advanced its 218 MW/436 MWh independent energy-storage project in Lechang, Guangdong, and widened its renewable-energy footprint through its New Zealand platform, Future Energy Auckland Limited. Two strategic cooperation agreements were signed to develop up to 100 MW of solar capacity in Vietnam and a 40 MW aquavoltaics project in the Philippines.
No final dividend was declared for the financial year 2025.