Petro-king Oilfield Services Limited (Stock Code: 02178) has issued a positive profit alert, indicating an expected profit attributable to owners of the Company of not more than HK$25.00 million for the financial year ended 31 December 2025. This contrasts with a loss attributable to owners of approximately HK$17.80 million recorded for the year ended 31 December 2024.

Key factors behind the anticipated swing to profitability include: 1. A decline in depreciation expense, as certain plant and machinery assets reached their residual values during 2024. 2. Higher government subsidies received during the Reporting Period. 3. A reversal in the Group’s share of results of associates, moving from a loss position in 2024 to a profit in 2025.

The figures are derived from the Group’s unaudited consolidated management accounts and remain subject to review by the Company’s auditors and audit committee. Finalised annual results are scheduled for release on 25 March 2026.

Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.