Harbour Digital Asset Capital Posts Flat H1-2026 Profit of HK$0.05 Million amid Weaker Fair-Value Gains

Bulletin Express
Aug 27

Harbour Digital Asset Capital Limited (Stock Code: 00913) released its unaudited interim results for the six months ended 30 June 2026.

Financial Highlights • Revenue grew 157.7% year on year to HK$1.98 million, driven entirely by interest income from debt investments at amortised cost. • Net profit fell 99.3% to HK$0.05 million (H1 2025: HK$7.22 million), reflecting subdued market performance and lower fair-value gains. • Basic and diluted earnings per share came in at HK0.01 cent versus HK2.04 cents a year earlier.

Investment Performance • Gross proceeds from disposal of trading securities totalled HK$24.65 million, generating a HK$4.05 million realised gain (H1 2025: HK$9.51 million loss). • Changes in fair value of listed equity investments swung to a HK$0.99 million unrealised loss from a HK$16.19 million gain in the prior-year period. • Combined, the listed equity book produced a net gain of about HK$3.06 million, sharply lower than HK$6.68 million a year earlier.

Portfolio Composition (30 June 2026) • Equity investments at fair value through profit or loss: HK$243.61 million, representing 76.2% of total assets. – Three largest Hong Kong-listed positions: 1) China National Culture Group – HK$51.08 million (15.8% of total assets) 2) Asia Strategy Digit Technology – HK$47.30 million (14.7%) 3) BFB Health – HK$37.77 million (11.7%) • Debt investments at amortised cost: HK$50.74 million (15.9% of total assets), mainly bonds issued by AMCO United Holding (HK$19.87 million) and First Credit Finance Group (HK$19.46 million). • Cash and bank balances: HK$0.91 million (31 December 2025: HK$9.97 million).

Balance-Sheet Snapshot • Net assets stood at HK$319.51 million, largely unchanged from year-end 2025. • Net current assets were HK$268.77 million, supporting a current ratio of 98.3x. • Total liabilities were HK$2.76 million, producing a low gearing ratio of 0.9%.

Capital Actions • No interim dividend was declared. • A proposed rights issue announced on 26 May 2026 could raise up to HK$73.10 million, subject to completion.

Outlook Management signalled a cautious stance amid mixed global market signals—U.S. resilience contrasted with Hong Kong market softness (HSI ‑13.13% in H1 2026). The Group intends to maintain a diversified portfolio across sectors and geographies while monitoring macroeconomic volatility.

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