Moon Inc. posts significant loss, acquires more bitcoin

Moon Inc. expects a significant loss attributable to owners for the six months ended September 30, 2025, estimated between HK$190 million and HK$200 million. This contrasts sharply with a profit of HK$691,000 for the same period in 2024. The loss is primarily attributed to a one-off, non-cash initial recognition of a derivative component of convertible notes issued and converted on May 23, 2025, amounting to approximately HK$193 million. The board maintains this accounting event has no adverse impact on operations or cash flow.

In a separate announcement, Moon Inc. disclosed a further acquisition of approximately 0.6 units of bitcoin for an aggregate consideration of approximately HK$533,000. This "Further Bitcoin Acquisition," combined with previous acquisitions, contributes to the group's bitcoin inventory, distinct from treasury holdings. This strategic move supports the company's initiative to expand its pre-paid bitcoin cards business into selected Asian markets.

The aggregate bitcoin acquisitions, when considered within a 12-month period, constitute a discloseable transaction under Chapter 14 of the Listing Rules, as the applicable percentage ratios exceed 5% but are less than 25%. Shareholders are advised to exercise caution when dealing in the company's shares.