STERLING GP (01825) is expected to increase its consolidated net loss year over year to approximately HK$59.2 million to HK$65.4 million

According to the Zhitong Finance App, STERLING GP (01825) issued an announcement. According to a preliminary review of the Group's unaudited comprehensive management accounts for the year ended March 31, 2026 (the year), compared with the consolidated net loss of approximately HK$6.1 million for the year ended March 31, 2025, the Group expects to achieve a consolidated net loss of approximately HK$59.2 million to HK$65.4 million in the year.

The significant increase in the Group's anticipated consolidated net loss for the year is mainly due to (i) a decrease in gross profit of approximately HK$31.6 million compared with the year ended March 31, 2025, mainly due to a decrease in the Group's revenue and a decline in gross margin; and (ii) an increase of approximately HK$25.7 million in anticipated net credit losses relating to trade receivables and loans receivable and other receivables during the year.