FIRE ROCK (01909) issued a profit warning, expecting a mid-term net loss of approximately 18.2 million Hong Kong dollars for shareholders, a shift from profit to loss compared to the same period last year.

Fire Rock (01909) announced that the Board of Directors expects the company to incur a loss of approximately HK$18.2 million attributable to the owners of the company for the six months ending on June 30, 2025, compared to a profit of approximately HK$6.8 million for the six months ending on June 30, 2024. The Board of Directors believes that the decline in the company's financial performance is mainly due to an increase in the amortization of intangible assets related to a mobile device game developed and commercialized during the period; impairment losses on intangible assets were made due to uncertainties in the future performance of existing mobile device games; and an increase in employee costs.