New Fire Group 2026 Mid-term Report: Losses widened to HKD 245 million, revenue from cryptocurrency trading business decreased by 43.4% year-on-year

New Fire Group released its interim performance report for the six months ending March 31, 2026. The group recorded a loss of approximately HKD 244.9 million (unaudited), a significant increase of about 1890% compared to a loss of HKD 12.3 million in the same period of 2025. Among them, the cryptocurrency asset trading business recorded revenue of HKD 1.9447 billion, a year-on-year decrease of about 43.4%.

In terms of business segments, in the asset management business, as of the end of the reporting period, the assets under management (AUM) reached approximately USD 145.6 million; the number of New Fire quantitative trading clients increased by about 12.9% compared to the same period last year.

In the trust and custody business, the number of private banking accounts successfully opened during the reporting period increased from 37 to 305; the number of accounts interested in opening increased from 106 to 668.

In the cryptocurrency over-the-counter trading business, the number of OTC trading clients increased from 8 to 31, with a monthly compound growth rate of 31.1%.

In addition, the group's compliant exchange in Japan, BitTrade, has accumulated a total of 288,214 registered users.