ASSET CHAIN (ASX: 00616) has issued an announcement regarding its expected financial performance for the year.

The group anticipates a significant narrowing of its consolidated net loss for the current financial year to not more than HK$80 million. This represents a substantial improvement compared to the consolidated net loss of approximately HK$365 million recorded for the year ended March 31, 2025.

The projected decrease in the net loss is primarily attributed to several factors. These include the reversal of impairment losses on properties held for sale, an increase in net gains from fair value changes on financial assets measured at fair value through profit or loss, a reduction in losses from the sale of investment properties, decreased losses from the modification of convertible note terms, and lower financing costs. However, these positive effects were partially offset by an increase in impairment losses on properties held for sale.