According to the Zhitong Finance App, Source Universe Education (01082) announced its annual results for the year ended June 30, 2026, with revenue of HK$39.658 million, a year-on-year decrease of 41.7%; loss attributable to company owners was HK$23.265 million, a year-on-year decrease of 55%; and a basic loss of HK$0.04 per share.

The losses were mainly due to (i) impairment losses of goodwill of approximately HK$4.98 million (2025: approximately HK$13.15 million); (ii) impairment losses on trade receivables and contract assets of approximately HK$6.77 million (2025: approximately HK$22.52 million); and (iii) impairment losses on loans receivable of approximately HK$7.13 million (2025: approximately HK$8.08 million), mainly due to prudential principles, taking into account the slow recovery of the economic environment in Hong Kong, China. Instead, the effective implementation of stricter credit approval procedures for downstream distributor customers this year had a positive impact on the Group and successfully reduced credit risk.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.