Alpha Professional Discloses Major Impairments on Long-Overdue Receivables and Goodwill

Alpha Professional Holdings Ltd. ( (HK:0948) ) has issued an update.

Alpha Professional Holdings Limited has issued a supplemental announcement detailing significant impairment charges related to trade receivables and goodwill for the financial year ended 31 March 2025, recognising HK$53.2 million of expected credit loss allowances on trade receivables and resulting net impairment losses of HK$22.5 million, alongside approximately HK$3.0 million in goodwill impairment. The group engaged independent valuer Norton Appraisals Holdings Limited to assess expected credit losses under IFRS 9, applying a Moody’s-style credit rating framework and scenario analysis, and concluded that long-outstanding receivables from four customers, overdue for more than 365 days with no meaningful repayments despite recovery efforts, were credit-impaired, underscoring elevated credit risk in its receivables portfolio and highlighting the impact of adverse industry and economic developments on the company’s financial position.

The most recent analyst rating on (HK:0948) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Alpha Professional Holdings Ltd. stock, see the HK:0948 Stock Forecast page.

More about Alpha Professional Holdings Ltd.

Alpha Professional Holdings Limited is a Bermuda-incorporated company listed in Hong Kong that operates through a group structure, providing products and services whose revenues generate material trade receivables exposure, particularly to a concentrated customer base, and is therefore sensitive to credit risk and broader economic and industry conditions.

Average Trading Volume: 1,285,992

Technical Sentiment Signal: Sell

Current Market Cap: HK$79.23M

For an in-depth examination of 0948 stock, go to TipRanks’ Overview page.