Net-a-Go Technology posts significant profit surge for H1 2025

Net-a-Go Technology Company Limited reported a profit attributable to equity holders of HK$47,535,000 for the six months ended June 30, 2025, a significant turnaround from a loss of HK$4,811,000 in the corresponding period of 2024. Total revenue for the interim period increased by 73.0% to HK$180,697,000, compared to HK$104,428,000 in the prior year. This growth was primarily fueled by the media advertising and marketing business, which generated HK$128,191,000 in revenue.

The substantial profit increase was largely attributed to a gain on disposal of financial assets at fair value through profit and loss of HK$21,033,000 and a gain on disposal of subsidiaries amounting to HK$24,226,000. Operating profit for continuing operations reached HK$20,940,000, reversing an operating loss of HK$5,801,000 in the corresponding period. Basic and diluted earnings per share were HK6.4 cents for the interim period.

The company's environmental maintenance business saw a revenue decline to HK$36,040,000 from HK$81,351,000, as management exercised caution on new projects. The trading business contributed HK$16,466,000 in revenue. The Group also completed the disposal of its property leasing business, classifying it as a discontinued operation, which contributed HK$24,865,000 in profit.