Z Fin flags 2025 loss on non-cash items after prior-year one-off gain

Sinolink Worldwide Holdings ( (HK:1168) ) has provided an update.

Z Fin Limited has warned that it expects to swing to a loss attributable to shareholders of not more than HK$1.15 billion for the year ended 31 December 2025, compared with a profit of about HK$3.97 billion a year earlier. The company attributes this sharp reversal mainly to the absence of a one-off gain of HK$4.25 billion from a 2024 business combination and the booking of a roughly HK$974.4 million fair value loss linked to convertible bond conversion in 2025.

Management stressed that both the prior-year gain and the current-year fair value loss are non-cash accounting items that do not involve cash outflows and do not reflect the group’s underlying operating performance. The audited annual results, currently being finalised for release on 20 March 2026, may still change, and shareholders and potential investors are urged to exercise caution when dealing in the company’s shares amid the anticipated headline loss.

The most recent analyst rating on (HK:1168) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Sinolink Worldwide Holdings stock, see the HK:1168 Stock Forecast page.

More about Sinolink Worldwide Holdings

Z Fin Limited is a Hong Kong-listed company operating through a group structure, though the announcement does not specify its precise industry or main business lines. The group is led by Chairman and Chief Executive Officer Tang Yui Man Francis and has a board comprising executive, non-executive and independent non-executive directors, reflecting a typical governance structure for a listed financial or investment-focused group.

Average Trading Volume: 294,715

Technical Sentiment Signal: Hold

Current Market Cap: HK$2.16B

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