Moon Inc. reports significant loss despite revenue growth

Moon Inc. reported a significant loss attributable to owners of the company of HK$196 million for the six months ended September 30, 2025, a stark contrast to the HK$0.7 million profit in the corresponding period of 2024. This was primarily attributed to the initial recognition of option components embedded in convertible notes. Despite the loss, revenue increased by 7.65% to HK$106.1 million from HK$98.5 million in 2024.

The company's strategic diversification efforts included acquiring approximately 10 units of Bitcoin for HK$6.3 million, bringing its total Bitcoin holdings to 28.88 units with a fair value of HK$25.6 million. Furthermore, Moon Inc. made significant investments in DV8 Public Company Limited in Thailand for HK$25.35 million and in a fund that invested in Bitplanet Co., Ltd. in Korea for HK$9.38 million.

Administrative expenses surged to HK$16.0 million from HK$6.4 million in the prior period, mainly due to increased staff costs and legal and professional fees related to acquisitions and business expansion. Total comprehensive income for the period was HK$97.2 million, driven by a fair value gain on financial assets designated at FVTOCI of HK$293.5 million.