Sky Blue 11 Narrows Full-Year Loss Despite Lower Revenue

Balk 1798 Group Limited ( (HK:1010) ) just unveiled an update.

Sky Blue 11 Company Limited reported unaudited second interim results for the twelve months ended 31 December 2025, showing revenue of HK$31.1 million, down from HK$36.0 million a year earlier, while gross profit was broadly flat at HK$21.8 million. The group’s net loss narrowed significantly to HK$43.2 million from HK$165.1 million, helped by much lower impairment charges and reduced administrative expenses, although it still recorded finance costs of HK$16.2 million, a small loss on disposal of subsidiaries, and decided not to declare any dividend.

Despite the improvement, the company remains loss-making, with per-share loss shrinking to 9.71 Hong Kong cents from 37.45 cents in the prior period, underscoring ongoing pressure on profitability. The absence of a dividend signals a continued emphasis on preserving cash and stabilising the balance sheet, a stance that may weigh on income-focused shareholders while the group works to contain costs and recover from previous years’ heavy impairments.

The most recent analyst rating on (HK:1010) stock is a Hold with a HK$0.09 price target. To see the full list of analyst forecasts on Balk 1798 Group Limited stock, see the HK:1010 Stock Forecast page.

More about Balk 1798 Group Limited

Sky Blue 11 Company Limited is a Bermuda-incorporated, Hong Kong-listed company operating through a group structure, though the announcement does not specify its industry, core products or services. The firm is focused on managing its consolidated financial position and expenses across its subsidiaries as it navigates continuing losses.

Average Trading Volume: 1,164,318

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$39.1M

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