GO UP EDU TECH Narrows Annual Loss to HK$2.86 Million; New Education Arm Delivers HK$7.20 Million Revenue

Bulletin Express
Jun 30

GO UP EDU TECH (formerly Wealth Glory Holdings) reported a net loss attributable to shareholders of HK$2.86 million for the financial year ended 31 March 2026, improving from a HK$3.56 million deficit a year earlier. Basic and diluted loss per share narrowed to HK0.32 cent from HK0.40 cent.

Revenue slipped 2.5% year on year to HK$34.50 million (FY25: HK$35.41 million). Lower sales of consumer products offset the first-time contribution from the group’s new Financial Quotient & Investment Education business, which generated HK$7.20 million, or 20.9% of total turnover. Segment performance was as follows:

• Consumer products: HK$26.46 million revenue (-22.6% YoY); segment loss HK$1.64 million • Financial education: HK$7.20 million revenue; segment profit HK$1.73 million • Money lending: HK$0.84 million interest income (-31.5% YoY); segment loss HK$1.09 million • Securities investment: fair-value gain HK$7.15 million versus a HK$1.02 million loss in FY25

Gross profit declined to HK$5.11 million (FY25: HK$7.30 million) as gross margin compressed to 14.8% from 20.6%, reflecting lower sales of higher-margin products. Impairment charges on financial assets more than doubled to HK$5.41 million, but operating expenses fell 15.4% to HK$8.78 million due to tighter cost control and reduced marketing outlays. Finance costs eased to HK$0.29 million (FY25: HK$0.39 million).

At 31 March 2026, cash and cash equivalents stood at HK$4.62 million (31 March 2025: HK$5.88 million). Financial assets at fair value through profit or loss expanded to HK$18.47 million, driven mainly by positions in Tai Kam Holdings, China Investment and Finance Group, and Suncorp Technologies. Net current assets improved to HK$9.90 million, while total equity fell to HK$4.40 million after recognising contract liabilities and the annual loss. The gearing ratio (net debt to equity plus net debt) rose to 56.3% from 46.5%.

The board did not recommend a dividend for the year. No major acquisitions, disposals or subsequent events were reported.

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