NEXION TECH (08420) is pleased to see profit attributable to shareholders in the interim period exceed HK$200,000, turning a year-on-year loss into a profit

According to the Zhitong Finance App, NEXION TECH (08420) announced that the Group expects to obtain a profit attributable to the company's equity holders of more than HK$200,000 for the six months ending June 30, 2026 (this period), while the loss attributable to the company's equity holders for the six months ending June 30, 2025 (the previous period) is approximately HK$1,318 million.

Based on the information currently available, the Board believes that the expected change to profit is mainly due to the increase in the segment performance of the Cybersecurity Solutions and IT Software Development Division (adjusted profit before interest, taxes, depreciation and amortization (adjusted EBITDA)) from approximately HK$634,000 in the previous period to profit exceeding HK$2.2 million during the current period. The improvement in performance was mainly due to the increase in revenue of this business segment from approximately HK$7.953 million in the previous period to approximately HK$5.456 million, or 68.6%, to approximately HK$13.409 million in the current period.