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Plastec Technologies Ltd

Plastec Technologies Reports Fiscal 2025 Financial Results

HONG KONG--(BUSINESS WIRE)--Apr. 20, 2026-- Plastec Technologies, Ltd. (OTCBB: PLTYF) (the “Company”) today reported audited financial results for the fiscal year ended December 31, 2025.

Balance Sheet Highlights at December 31, 2025*

  • $5.4 million in cash and cash equivalents, compared to $5.7 million at December 31, 2024.
  • $5.3 million in working capital, compared to $5.6 million at December 31, 2024.
  • Book value per share of $0.41, compared to $0.43 at December 31, 2024.

* Balance Sheet highlights amounts are presented in U.S. dollars ($) based on a conversion rate of $1.0: HK$7.8, while financial tables/amounts at the end of this release are in Hong Kong dollars (HK$).

Recent Developments

As announced in August 2025, the Company applied for voluntary liquidations of its BVI-incorporated subsidiaries: Viewmount Development Limited, Sun Ngai Spraying and Silk Print Co. Ltd., and Sun Terrace Industries Ltd. The documents for the liquidations were filed with the Registry on March 24, 2026. The voluntary liquidations were commenced on the same date, and are expected to be completed in approximately 7 weeks.

Upon the completion of the voluntary liquidations, Plastec Technologies, Ltd. would no longer have any subsidiaries, or operating activities.

Management Comments

Mr. Kin Sun Sze-To, Chairman of the Company, stated, “In 2025, we initiated the liquidation of our BVI-incorporated subsidiaries, as part of a strategic move toward gradually reducing and/or ultimately eliminating ongoing operations. With these actions commenced in March 2026, we now are in a better position to evaluate and pursue future opportunities. Our cash balance of $5.4 million as of 2025 year-end, supports our going forward plan.”

Forward Looking Statements

This press release contains “forward-looking statements.” These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements.

PLASTEC TECHNOLOGIES, LTD.

 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

 

 

 

 

Year ended December 31,

 

Year ended December 31,

 

Year ended December 31,

 

 

 

2023

 

 

2024

 

 

2025

 

 

 

 

HK$

 

HK$

 

HK$

 

 

 

 

 

 

 

 

Revenues

 

 

-

 

 

-

 

 

-

 

 

 

 

 

 

 

 

 

Operating expenses, net

 

 

 

 

 

 

 

Selling, general and administrative expenses – third parties

 

 

(3,084

)

 

(4,813

)

 

(2,885

)

Selling, general and administrative expenses – a related party

 

 

-

 

-

 

(850

)

Other income

 

 

-

 

 

118

 

 

64

 

Total operating expenses, net

 

 

(3,084

)

 

(4,695

)

 

(3,671

)

 

 

 

 

 

 

 

 

Loss from operations

 

 

(3,084

)

 

(4,695

)

 

(3,671

)

 

 

 

 

 

 

 

 

Interest income

 

 

4,065

 

 

4,543

 

 

1,732

 

(Loss)/profit before income tax expense

 

 

981

 

 

(152

)

 

(1,939

)

 

 

 

 

 

 

 

 

Income tax expense

 

 

(1,047

)

 

(7,758

)

 

-

 

Net loss and comprehensive loss attributable to the Company’s shareholders

 

 

(66

)

 

(7,910

)

 

(1,939

)

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of ordinary shares

 

 

12,938,128

 

 

12,938,128

 

 

12,938,128

 

 

 

 

 

 

 

 

 

Weighted average number of diluted ordinary shares

 

 

12,938,128

 

 

12,938,128

 

 

12,938,128

 

 

 

 

 

 

 

 

 

Basic net loss per share

 

 

HK$(0.005

)

 

HK$(0.61

)

 

HK$(0.15

)

 

 

 

 

 

 

 

 

Diluted net loss per share

 

 

HK$(0.005

)

 

HK$(0.61

)

 

HK$(0.15

)

PLASTEC TECHNOLOGIES, LTD.

 

CONSOLIDATED BALANCE SHEETS

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

 

 

December 31,

December 31,

 

2024

2025

 

HK$

HK$

ASSETS

 

Current assets

 

 

Cash and cash equivalents

44,171

 

42,324

 

 

 

 

Total current asset

44,171

 

42,324

 

 

 

 

Non-current asset

 

 

Property, plant and equipment, net

-

 

-

 

Total non-current asset

-

 

-

 

 

 

 

Total assets

44,171

 

42,324

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

Current liabilities

 

 

Other payables and accruals – third parties

538

 

480

 

Other payables and accruals – a related party

-

 

150

 

Total current liabilities

538

 

630

 

 

 

 

Total liabilities

538

 

630

 

 

 

 

Commitments and contingencies

-

 

-

 

 

 

 

Shareholders’ equity

 

 

Ordinary shares (U.S.$0.001 par value; 100,000,000 authorized, 12,938,128 and 12,938,128 shares issued and outstanding as of December 31, 2024 and 2025, respectively)

101

 

101

 

Additional paid-in capital

26,049

 

26,049

 

Accumulated other comprehensive income

(30

)

(30

)

Retained earnings

17,513

 

15,574

 

Total shareholders’ equity

43,633

 

41,694

 

 

 

 

Total liabilities and shareholders’ equity

44,171

 

42,324

 

PLASTEC TECHNOLOGIES, LTD.

 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Hong Kong dollars in thousands, except number of shares, per share data and unless otherwise stated)

 

 

Year ended December 31,

Year ended December 31,

Year ended December 31,

 

 

2023

 

2024

 

2025

 

 

HK$

 

HK$

 

HK$

 

 

 

 

 

 

 

Operating activities

 

 

 

 

 

 

Net loss

 

(66

)

 

(7,910

)

 

(1,939

)

Changes in operating assets and liabilities:

 

 

 

 

 

 

Deposits, prepayment and other receivables

 

(715

)

 

4,269

 

 

-

 

Other payables and accruals

 

398

 

 

(635

)

 

92

 

Tax payables

 

1,047

 

 

(12,980

)

 

-

 

Net cash generated from/(used in) from operating activities

 

664

 

 

(17,256

)

 

(1,847

)

 

 

 

 

 

 

 

Investing activity

 

 

 

 

 

 

(Purchase)/Proceeds from disposal of plant and machinery

 

(7

)

 

445

 

 

-

 

Net cash (used in)/generated from investing activity

 

(7

)

 

445

 

 

-

 

 

 

 

 

 

 

 

Financing activity

 

 

 

 

 

 

Dividends paid

 

-

 

 

(35,321

)

 

-

 

Net cash used in financing activity

 

-

 

 

(35,321

)

 

-

 

 

 

 

 

 

 

 

Net increase/(decrease) in cash and cash equivalents

 

657

 

 

(52,132

)

 

(1,847

)

 

 

 

 

 

 

 

Cash and cash equivalents, beginning of year

 

95,646

 

 

96,303

 

 

44,171

 

Cash and cash equivalents, end of year

 

96,303

 

 

44,171

 

 

42,324

 

 

 

 

 

 

 

 

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

 

 

 

 

 

 

Interest income

 

4,065

 

 

4,543

 

 

1,732

 

Hong Kong income taxes paid

 

-

 

 

16,930

 

 

-

 

 

Plastec Technologies, Ltd.
HL Ning, Chief Financial Officer
ning@plastec.com.hk

INVESTOR RELATIONS:
The Equity Group Inc.
Alice Zhang, Associate
(212) 836-9610 / azhang@theequitygroup.com
Lena Cati, Senior Vice President
(212) 836-9611 / lcati@theequitygroup.com

Source: Plastec Technologies, Ltd.