DT Capital posts wider interim loss on fair-value swing; cash boosted by June share placement

Bulletin Express
Aug 21

DT Capital reported an interim net loss attributable to shareholders of HK$4.31 million for the six months ended 30 June 2026, widening from HK$1.77 million a year earlier. Loss per share expanded to HK2.35 cents from HK0.97 cents, reflecting a larger deficit and the impact of a June share placement.

Revenue remained broadly unchanged at HK$0.28 million, derived entirely from dividends on Hong Kong–listed equities. The main earnings driver was the mark-to-market movement of the investment portfolio: a HK$0.37 million fair-value loss replaced the HK$2.28 million gain recorded in the prior-year period, as unrealised gains on listed shares fell to HK$0.18 million from HK$3.37 million.

Administrative and operating expenses were trimmed by 4.0 % year-on-year to HK$4.06 million, yet continued to exceed income. Staff costs accounted for HK$1.25 million of the total, up from HK$0.99 million as headcount rose to six.

Balance-sheet metrics improved following the placement of 285.70 million new shares at HK$0.049 each on 22 June 2026, which generated gross proceeds of HK$14.00 million and net proceeds of HK$13.90 million. Cash and bank balances rose to HK$13.97 million at period-end (31 December 2025: HK$0.74 million), while net current assets increased to HK$74.28 million (31 December 2025: HK$64.44 million). The investment portfolio, carried at fair value through profit or loss, stood at HK$58.78 million, compared with HK$61.33 million six months earlier.

Total equity climbed to HK$73.90 million from HK$64.20 million, aided by the share issue. The group remained ungeared, with other payables and accruals of HK$0.76 million representing a gearing ratio of 1.02 %.

No interim dividend was declared. Subsequent to the reporting date, a 15-for-1 share consolidation became effective on 20 July 2026, and board-lot size was adjusted to 5,000 consolidated shares from 3 August 2026.

Management reiterated its cautious investment stance, noting that none of the placement proceeds had been deployed by 30 June 2026; HK$12.48 million was invested after period-end in a fintech and e-commerce digitalisation project. The group continues to balance listed and unlisted opportunities while maintaining a liquid cash position to navigate market volatility.

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