Key Moments:
- AGTech’s Lottery segment revenue increased by HK$4.6 million year-on-year, reaching HK$131 million for the six months ended September 30, 2025.
- The group recorded a wider net loss of approximately HK$25.6 million, compared with HK$1.6 million in the same period last year.
- No interim dividend was proposed, as the company focuses on growth within its financial technology ecosystem.
Lottery Segment Shows Revenue Growth
AGTech Holdings Limited, a Hong Kong-based lottery and technology company, released its half-year report for the period ending September 30, 2025. The company highlighted revenue growth within its Lottery business, with income rising by roughly HK$4.6 million (about US$590,000) year-on-year. This brought the total for the segment to around HK$131 million (US$16.8 million). Improved supply of instant scratch tickets in mainland China supported this performance. Additionally, revenues from offline lottery distribution and integrated services grew by approximately HK$7.2 million (US$920,000), illustrating greater stability in product supply. Sales of lottery hardware remained consistent, making a steady contribution to overall revenues.
Banking Division Impacts Overall Earnings
Despite stronger results in the lottery segment, AGTech reported a widened consolidated group loss, reaching approximately HK$25.6 million (US$3.3 million) for the six-month period. This is up significantly from the HK$1.6 million (US$200,000) loss recorded in the prior year. The expansion and consolidation of the company’s banking business played a major role, generating a segment loss of about HK$24.4 million (US$3.1 million) for the full period, as opposed to only one month of inclusion last year.
| Category | Current Period (HK$ million) | Current Period (US$ million) | Previous Year (HK$ million) | Previous Year (US$ million) |
|---|---|---|---|---|
| Lottery Segment Revenue | 131 | 16.8 | 126.4 | 16.21 |
| Group Net Loss | 25.6 | 3.3 | 1.6 | 0.2 |
| Operating Loss | 41 | 5.3 | 28.9 | 3.7 |
| Group Revenue | 369.4 | 47.3 | – | – |
Revenue Growth Offsets Higher Expenses
The company’s total revenue climbed 36.1 percent year-on-year, reaching approximately HK$369.4 million (US$47.3 million). This upswing was fueled by contributions from banking and digital payment segments, including digital payment services in Macau and local consumer businesses. However, financial gains were counterbalanced by increased operating expenses, higher personnel costs, and consolidation expenses related to Ant Bank (Macau). As a result, operating losses increased to roughly HK$41 million (US$5.3 million), compared with HK$28.9 million (US$3.7 million) in the previous period.
No Interim Dividend Proposed
In light of recent financial outcomes, AGTech’s board opted not to propose an interim dividend for the reporting period. The company reaffirmed its dedication to advancing a financial technology platform that encompasses lottery solutions in mainland China, digital payment services and banking in Macau, as well as a range of consumer-focused offerings.
Strategic Focus Moving Forward
AGTech restated its goal of broadening its footprint within the fintech space, aiming to deliver integrated lottery, banking, and digital payment solutions in the Greater China region. The company is navigating ongoing challenges in its banking segment, but intends to capitalize on the resurgence in lottery product distribution to strengthen its financial standing and enhance its positioning in both the fintech and lottery industries.
- Author
Daniel Williams
