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[6-K] Alpha Technology Group Ltd Current Report (Foreign Issuer)

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Rhea-AI Filing Summary

Alpha Technology Group Ltd reported fragmented financial line items in this Form 6-K that show a consolidated loss before tax of HK$5,640,188 for the reporting period and comparative figures of HK$724,971 and HK$5,010,682 in other columns. The document lists gross profit amounts (HK$1,385,725 and HK$2,769,200) and operating expense items including a negative operating expense entry of HK$1,051,816. Other income is shown at HK$813,799 with a smaller comparative of HK$104,602.

Selected balance sheet lines include accounts receivable, net HK$1,604,825, intangible assets HK$3,837,610, and goodwill HK$10,176,959. Current liabilities include other loans HK$2,544,200 and contract liabilities HK$2,388,963; current bank loans are HK$604,776. Lease liabilities (current and non-current) are shown as HK$82,660 (finance lease current), HK$533,170 (operating lease current) and HK$726,874 (operating lease non-current). The statement shows ordinary shares 54,112,233 and capital reserves HK$10,000,000. The report is signed by Tsang Chun Ho, Anthony, Executive Director and President.

Alpha Technology Group Ltd ha riportato voci frammentate di bilancio in questo Modulo 6-K che mostrano una perdita prima delle imposte consolidata di HK$5.640.188 per il periodo di rendicontazione e cifre comparative di HK$724.971 e HK$5.010.682 nelle altre colonne. Il documento elenca importi di utile lordo (HK$1.385.725 e HK$2.769.200) e voci di spesa operativa incluse una voce negativa di HK$1.051.816. Altri proventi sono indicati a HK$813.799 con una comparazione minore di HK$104.602.

Le voci selezionate dello stato patrimoniale includono crediti verso clienti, netti HK$1.604.825, attività immateriali HK$3.837.610, e goodwill HK$10.176.959. Le passività correnti includono altri prestiti HK$2.544.200 e passività contrattuali HK$2.388.963; i prestiti bancari correnti sono HK$604.776. Le passività per leasing (correnti e non correnti) sono riportate come HK$82.660 (leasing finanziario corrente), HK$533.170 (leasing operativo corrente) e HK$726.874 (leasing operativo non corrente). La nota mostra azioni ordinarie 54.112.233 e riserve di capitale HK$10.000.000. Il rapporto è firmato da Tsang Chun Ho, Anthony, Executive Director e President.

Alpha Technology Group Ltd informó partidas financieras fragmentadas en este Formulario 6-K que muestran una pérdida antes de impuestos consolidada de HK$5.640.188 para el periodo de informe y cifras comparativas de HK$724.971 y HK$5.010.682 en otras columnas. El documento indica importes de beneficio bruto (HK$1.385.725 y HK$2.769.200) y gastos operativos incluyendo una entrada de gasto operativo negativo de HK$1.051.816. Otros ingresos se muestran en HK$813.799 con una comparativa menor de HK$104.602.

Las líneas seleccionadas del balance incluyen cuentas por cobrar, netas HK$1.604.825, activos intangibles HK$3.837.610, y buena voluntad HK$10.176.959. Los pasivos corrientes incluyen otros préstamos HK$2.544.200 y obligaciones contractuales HK$2.388.963; los préstamos bancarios corrientes son HK$604.776. Las obligaciones de arrendamiento (courentes) están indicadas como HK$82.660 (leasing financiero corriente), HK$533.170 (leasing operativo corriente) y HK$726.874 (leasing operativo no corriente). El estado muestra acciones ordinarias 54,112,233 y reservas de capital HK$10,000,000. El informe está firmado por Tsang Chun Ho, Anthony, Director Ejecutivo y Presidente.

Alpha Technology Group Ltd는 이 Form 6-K에서 분절된 재무 항목을 보고하며 보고 기간에 대한 연결 당기손실이 HK$5,640,188이고 비교 수치는 다른 열에서 HK$724,971 및 HK$5,010,682입니다. 문서는 매출원가 및 매출총이익 HK$1,385,725 및 HK$2,769,200를 나열하고 운영비 항목에는 음의 운영비 항목 HK$1,051,816이 포함되어 있습니다. 기타 수입은 HK$813,799이며 비교 수치는 HK$104,602입니다.

선정된 대차대조표 항목으로 매출채권 순액 HK$1,604,825, 무형자산 HK$3,837,610, 그리고 영업권 HK$10,176,959이 포함됩니다. 유동부채에는 기타차입 HK$2,544,200와 계약부채 HK$2,388,963; 유동차입금은 HK$604,776입니다. 리스부채(유동 및 비유동)는 HK$82,660 (금융리스 유동), HK$533,170 (운영리스 유동) 및 HK$726,874 (운영리스 비유동)로 표시됩니다. 보통주 54,112,233주와 자본잉여금 HK$10,000,000이 보고에 나와 있습니다. 보고서는 Tsang Chun Ho, Anthony 이사 겸 사장이 서명했습니다.

Alpha Technology Group Ltd a présenté des postes financiers fragmentés dans ce Form 6-K, affichant une perte consolidée avant impôt de HK$5 640 188 pour la période de reporting et des chiffres comparatifs de HK$724 971 et HK$5 010 682 dans d'autres colonnes. Le document répertorie des montants de marge brute (HK$1 385 725 et HK$2 769 200) et des postes de dépenses d'exploitation incluant une entrée de dépense opérationnelle négative de HK$1 051 816. Les autres revenus sont indiqués à HK$813 799 avec une comparaison plus faible de HK$104 602.

Les postes sélectionnés du bilan comprennent comptes clients, nets HK$1 604 825, actifs incorporels HK$3 837 610, et goodwill HK$10 176 959. Les passifs courants comprennent autres emprunts HK$2 544 200 et passifs contractuels HK$2 388 963; les prêts bancaires courants sont HK$604 776. Les obligations de location (courantes et non courantes) sont indiquées comme HK$82 660 (leasing financier courant), HK$533 170 (leasing opérationnel courant) et HK$726 874 (leasing opérationnel non courant). Le relevé montre actions ordinaires 54 112 233 et réserves de capital HK$10 000 000. Le rapport est signé par Tsang Chun Ho, Anthony, Directeur Exécutif et Président.

Alpha Technology Group Ltd meldete fragmentierte Positionen in diesem Form 6-K, die einen konsolidierten Jahresfehlbetrag vor Steuern von HK$5.640.188 für den Berichtszeitraum sowie Vergleichswerte von HK$724.971 und HK$5.010.682 in anderen Spalten zeigen. Das Dokument listet Bruttogewinn-Beträge (HK$1.385.725 und HK$2.769.200) und Aufwendungen, darunter einen negativen Betriebsausgabenposten von HK$1.051.816. Sonstige Erträge werden mit HK$813.799 angegeben, mit einem kleineren Vergleich von HK$104.602.

Ausgewählte Bilanzpositionen umfassen Forderungen aus Lieferungen und Leistungen, netto HK$1.604.825, IMMATERIELLE Vermögenswerte HK$3.837.610 und Goodwill HK$10.176.959. Zu den kurzfristigen Verbindlichkeiten gehören andere Darlehen HK$2.544.200 und Verbindlichkeiten aus Verträgen HK$2.388.963; kurzfristige Bankkredite sind HK$604.776. Leasingverbindlichkeiten (kurz- und langfristig) werden als HK$82.660 (Finanzleasing kurzfristig), HK$533.170 (Leasing operativ kurzfristig) und HK$726.874 (Leasing operativ langfristig) ausgewiesen. Die Ausweisung zeigt Stammeinlagen 54.112.233 und Kapitalreserven HK$10.000.000. Der Bericht ist unterzeichnet von Tsang Chun Ho, Anthony, Executive Director und Präsident.

Alpha Technology Group Ltd أبلغت بنِسَب مالية مجزأة في هذا النموذج 6-K التي تُظهر خسارة قبل الضريبة موحدة قدرها HK$5,640,188 للفترة المشمولة بالتقرير وتقديرات مقارنة قدرها HK$724,971 و HK$5,010,682 في أعمدة أخرى. يدرج المستند إجمالي الربح (HK$1,385,725 وHK$2,769,200) وبنود مصروفات تشغيلية بما في ذلك بند مصروفات تشغيل سلبية قدره HK$1,051,816. كما يظهر دخل آخر بمقدار HK$813,799 مع مقارنة أصغر قدرها HK$104,602.

تشمل خطوط الميزانية المختارة الحسابات المدينة، صافي HK$1,604,825، الأصول غير الملموسة HK$3,837,610، و goodwill HK$10,176,959. تشمل الخصوم الحالية قروض أخرى HK$2,544,200 والتزامات عقدية HK$2,388,963; القروض البنكية الحالية هي HK$604,776. تُعرض التزامات الإيجار (الحالية وغير الجارية) على أنها HK$82,660 (إيجار تمويلي حالي), HK$533,170 (إيجار تشغيلي حالي) وHK$726,874 (إيجار تشغيلي غير حالي). يظهر البيان الأسهم العادية 54,112,233 واحتياطي رأس المال HK$10,000,000. تم توقيع التقرير من قبل Tsang Chun Ho, Anthony، المدير التنفيذي والرئيس.

Alpha Technology Group Ltd 在本 Form 6-K 中披露了分项的财务数据，显示报告期的合并 税前亏损 HK$5,640,188，以及其他栏目中的比较数字分别为 HK$724,971 和 HK$5,010,682。文件列出 毛利润 金额（HK$1,385,725 和 HK$2,769,200），以及运营费用项，其中包含一个负的运营费用项 HK$1,051,816。其他收入为 HK$813,799，较小的比较值为 HK$104,602。

所选资产负债表行包括 应收账款净额 HK$1,604,825、无形资产 HK$3,837,610，以及 商誉 HK$10,176,959。流动负债包括 其他贷款 HK$2,544,200 和 合同负债 HK$2,388,963；流动银行贷款为 HK$604,776。租赁负债（流动及非流动）显示为 HK$82,660（融资租赁流动）、HK$533,170（经营租赁流动）和 HK$726,874（经营租赁非流动）。报表显示 普通股 54,112,233 和 资本公积 HK$10,000,000。报告由 Tsang Chun Ho, Anthony，执行董事兼主席签署。

Positive
  • Other income HK$813,799 partially offsets losses
  • Accounts receivable HK$1,604,825 represents collectible assets
Negative
  • Loss before tax HK$5,640,188 indicates an operating period loss
  • Large goodwill HK$10,176,959 and intangible assets HK$3,837,610 may require impairment review
  • Current other loans HK$2,544,200 and contract liabilities HK$2,388,963 create near-term obligations

Insights

TL;DR: The filing shows a material pre-tax loss and substantial goodwill and intangible assets on the balance sheet.

The document discloses a loss before tax of HK$5,640,188, indicating the company recorded an operating period loss. This is supported by other income HK$813,799 that partially offsets negative operating results and a listed operating expense of HK$1,051,816 (negative in the table).

The balance sheet excerpts show large non-current intangible assets (HK$3,837,610) and goodwill (HK$10,176,959), which represent significant carrying amounts that could require impairment testing if losses persist. Current liabilities include sizable other loans HK$2,544,200 and contract liabilities HK$2,388,963, indicating near-term cash obligations.

TL;DR: Current liabilities outsize some current assets, suggesting potential liquidity pressure.

Current assets listed include accounts receivable HK$1,604,825 and deferred cost of revenue HK$646,392, while current liabilities show other loans HK$2,544,200 and contract liabilities HK$2,388,963. The balance of current liabilities versus current assets suggests working capital strain absent other cash balances (not provided).

Reported bank loans current HK$604,776 and non-current bank loans shown in another column imply debt profile across maturities; management signature is present but no cash flow detail is provided to confirm coverage.

Alpha Technology Group Ltd ha riportato voci frammentate di bilancio in questo Modulo 6-K che mostrano una perdita prima delle imposte consolidata di HK$5.640.188 per il periodo di rendicontazione e cifre comparative di HK$724.971 e HK$5.010.682 nelle altre colonne. Il documento elenca importi di utile lordo (HK$1.385.725 e HK$2.769.200) e voci di spesa operativa incluse una voce negativa di HK$1.051.816. Altri proventi sono indicati a HK$813.799 con una comparazione minore di HK$104.602.

Le voci selezionate dello stato patrimoniale includono crediti verso clienti, netti HK$1.604.825, attività immateriali HK$3.837.610, e goodwill HK$10.176.959. Le passività correnti includono altri prestiti HK$2.544.200 e passività contrattuali HK$2.388.963; i prestiti bancari correnti sono HK$604.776. Le passività per leasing (correnti e non correnti) sono riportate come HK$82.660 (leasing finanziario corrente), HK$533.170 (leasing operativo corrente) e HK$726.874 (leasing operativo non corrente). La nota mostra azioni ordinarie 54.112.233 e riserve di capitale HK$10.000.000. Il rapporto è firmato da Tsang Chun Ho, Anthony, Executive Director e President.

Alpha Technology Group Ltd informó partidas financieras fragmentadas en este Formulario 6-K que muestran una pérdida antes de impuestos consolidada de HK$5.640.188 para el periodo de informe y cifras comparativas de HK$724.971 y HK$5.010.682 en otras columnas. El documento indica importes de beneficio bruto (HK$1.385.725 y HK$2.769.200) y gastos operativos incluyendo una entrada de gasto operativo negativo de HK$1.051.816. Otros ingresos se muestran en HK$813.799 con una comparativa menor de HK$104.602.

Las líneas seleccionadas del balance incluyen cuentas por cobrar, netas HK$1.604.825, activos intangibles HK$3.837.610, y buena voluntad HK$10.176.959. Los pasivos corrientes incluyen otros préstamos HK$2.544.200 y obligaciones contractuales HK$2.388.963; los préstamos bancarios corrientes son HK$604.776. Las obligaciones de arrendamiento (courentes) están indicadas como HK$82.660 (leasing financiero corriente), HK$533.170 (leasing operativo corriente) y HK$726.874 (leasing operativo no corriente). El estado muestra acciones ordinarias 54,112,233 y reservas de capital HK$10,000,000. El informe está firmado por Tsang Chun Ho, Anthony, Director Ejecutivo y Presidente.

Alpha Technology Group Ltd는 이 Form 6-K에서 분절된 재무 항목을 보고하며 보고 기간에 대한 연결 당기손실이 HK$5,640,188이고 비교 수치는 다른 열에서 HK$724,971 및 HK$5,010,682입니다. 문서는 매출원가 및 매출총이익 HK$1,385,725 및 HK$2,769,200를 나열하고 운영비 항목에는 음의 운영비 항목 HK$1,051,816이 포함되어 있습니다. 기타 수입은 HK$813,799이며 비교 수치는 HK$104,602입니다.

선정된 대차대조표 항목으로 매출채권 순액 HK$1,604,825, 무형자산 HK$3,837,610, 그리고 영업권 HK$10,176,959이 포함됩니다. 유동부채에는 기타차입 HK$2,544,200와 계약부채 HK$2,388,963; 유동차입금은 HK$604,776입니다. 리스부채(유동 및 비유동)는 HK$82,660 (금융리스 유동), HK$533,170 (운영리스 유동) 및 HK$726,874 (운영리스 비유동)로 표시됩니다. 보통주 54,112,233주와 자본잉여금 HK$10,000,000이 보고에 나와 있습니다. 보고서는 Tsang Chun Ho, Anthony 이사 겸 사장이 서명했습니다.

Alpha Technology Group Ltd a présenté des postes financiers fragmentés dans ce Form 6-K, affichant une perte consolidée avant impôt de HK$5 640 188 pour la période de reporting et des chiffres comparatifs de HK$724 971 et HK$5 010 682 dans d'autres colonnes. Le document répertorie des montants de marge brute (HK$1 385 725 et HK$2 769 200) et des postes de dépenses d'exploitation incluant une entrée de dépense opérationnelle négative de HK$1 051 816. Les autres revenus sont indiqués à HK$813 799 avec une comparaison plus faible de HK$104 602.

Les postes sélectionnés du bilan comprennent comptes clients, nets HK$1 604 825, actifs incorporels HK$3 837 610, et goodwill HK$10 176 959. Les passifs courants comprennent autres emprunts HK$2 544 200 et passifs contractuels HK$2 388 963; les prêts bancaires courants sont HK$604 776. Les obligations de location (courantes et non courantes) sont indiquées comme HK$82 660 (leasing financier courant), HK$533 170 (leasing opérationnel courant) et HK$726 874 (leasing opérationnel non courant). Le relevé montre actions ordinaires 54 112 233 et réserves de capital HK$10 000 000. Le rapport est signé par Tsang Chun Ho, Anthony, Directeur Exécutif et Président.

Alpha Technology Group Ltd meldete fragmentierte Positionen in diesem Form 6-K, die einen konsolidierten Jahresfehlbetrag vor Steuern von HK$5.640.188 für den Berichtszeitraum sowie Vergleichswerte von HK$724.971 und HK$5.010.682 in anderen Spalten zeigen. Das Dokument listet Bruttogewinn-Beträge (HK$1.385.725 und HK$2.769.200) und Aufwendungen, darunter einen negativen Betriebsausgabenposten von HK$1.051.816. Sonstige Erträge werden mit HK$813.799 angegeben, mit einem kleineren Vergleich von HK$104.602.

Ausgewählte Bilanzpositionen umfassen Forderungen aus Lieferungen und Leistungen, netto HK$1.604.825, IMMATERIELLE Vermögenswerte HK$3.837.610 und Goodwill HK$10.176.959. Zu den kurzfristigen Verbindlichkeiten gehören andere Darlehen HK$2.544.200 und Verbindlichkeiten aus Verträgen HK$2.388.963; kurzfristige Bankkredite sind HK$604.776. Leasingverbindlichkeiten (kurz- und langfristig) werden als HK$82.660 (Finanzleasing kurzfristig), HK$533.170 (Leasing operativ kurzfristig) und HK$726.874 (Leasing operativ langfristig) ausgewiesen. Die Ausweisung zeigt Stammeinlagen 54.112.233 und Kapitalreserven HK$10.000.000. Der Bericht ist unterzeichnet von Tsang Chun Ho, Anthony, Executive Director und Präsident.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2025

 

Commission File Number: 001-41847

 

Alpha Technology Group Ltd

 

Unit No.08 on the 25th Floor of Nanyang Plaza,

No. 57 Hung To Road, Kwun Tong, Kowloon, Hong Kong

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒       Form 40-F ☐

 

 

 

 

 

 

Information Contained in this Form 6-K Report

 

Alpha Technology Group Ltd., a British Virgin Islands company (the “Company”), is furnishing this Form 6-K to provide its six-month interim financial statements for the period ended March 31, 2025.

 

FORWARD LOOKING STATEMENT

 

This Report of Foreign Private Issuer on Form 6-K filed by Alpha Technology Group Ltd. (together with our subsidiaries, unless the context indicates otherwise, “we,” “us,” “our,” or the “Company”), contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events or the Company’s future financial performance. The Company has attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “expects,” “can,” “continue,” “could,” “estimates,” “intends,” “may,” “plans,” “potential,” “predict,” “should” or “will” or the negative of these terms or other comparable terminology. These statements are only predictions, uncertainties and other factors may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements. The information in this Report on Form 6-K is not intended to project future performance of the Company. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company does not guarantee future results, levels of activity, performance or achievements. The Company expectations are as of the date this Form 6-K is filed, and the Company does not intend to update any of the forward-looking statements after the date this Report on Form 6-K is filed to confirm these statements to actual results, unless required by law.

 

Recent Development

 

About Alpha Technology Group Ltd

 

Techlution Service Limited (“TSL”) was incorporated in accordance with laws and regulations of Hong Kong on November 28, 2017. It is mainly engaged in the provision of system development services, application development services and NFT-related services.

 

Neural Sense Limited (“NSL”) was incorporated in accordance with laws and regulations of Hong Kong on October 16, 2019. It is mainly engaged in the provision of system development services and AI-OCR services.

 

Alpha Technology Group (HK) Limited (formerly known as RadiNation Technology Limited) (“Alpha HK”) incorporated in accordance with laws and regulations of Hong Kong on September 14, 2022. Alpha HK has not commenced its operations.

 

Alpha DeepMind Limited (“Alpha DeepMind”) incorporated in accordance with laws and regulations of Hong Kong on September 14, 2022. Alpha DeepMind provides consulting services, training services, and AI workflow integration.

 

Alpha Technology Group Limited (“Alpha”) was incorporated in the British Virgin Islands on October 5, 2022 as an exempted company. Alpha is engaged in investment holding.

 

Aifa Technology (Guangzhou) Company Ltd. (“Aifa”) was incorporated in the The People’s Republic of China on November 6, 2024. Aifa has not commenced its operations.

 

On October 12, 2022, Alpha acquired 100% of equity interest in NSL and TSL from the former shareholders. NSL and TSL became Alpha’s wholly owned subsidiaries. Alpha as investing holding company conducts its primary operations through its two wholly owned subsidiaries after the acquisition.

 

On December 19, 2023, Alpha acquired 100% of equity interest in Alpha HK from the Fuchsia Capital Limited. Alpha HK became Alpha’s wholly owned subsidiary.

 

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On November 6, 2024, Alpha HK set up a wholly owned subsidiary - Aifa Technology (Guangzhou) Company Ltd. The registered capital was RMB5,000,000 which should be paid up by June 30, 2029. No capital was paid up to date.

 

On November 15, 2024, Alpha entered into agreement with Aimpact Academy Limited to form a joint venture company named Alpha Deepmind Limited. Such joint venture company is a non-wholly owned subsidiary of Alpha. The joint venture company was transferred from Fushsia Capital Limited on December 23, 2024.

 

Initial public offering

 

On November 2, 2023, Alpha announced its closing of the initial public offering of 1,750,000 Ordinary Shares at an offering price of US$4 per Ordinary Share. Alpha raised total gross proceeds of US$7,000,000. In addition, the Company granted to its underwriters an option for a period of 45 days after closing of the initial public offering to purchase up to an additional 262,500 Ordinary Shares at the public offering price, less underwriting discounts. On November 21, 2023, the underwriters fully exercised the over-allotment option to purchase an additional 262,500 Ordinary Shares at the public offering price of US$4 per share. As a result, Alpha further raised additional gross proceeds of US$1,050,000, in addition to the initial gross proceeds of US$7,000,000, before deducting underwriting discounts and offering expenses. After deducting underwriting discounts, commissions, and other offering expenses, the Company received a total net proceeds of approximately US$5.32 million.

 

Business updates

 

On the March 27, 2025, Alpha and The Hong Kong University of Science and Technology announced the establishment of the “AlphaMind Lab”, an AI research institute focused on developing the revolutionary “Alpha Engine”. The primary goal of the Alpha Engine is to drastically reduce the time and cost associated with high-quality data collection and manual annotation by utilizing the “training AI with AI” autonomous learning architecture. This innovation aims to compress the time required to develop a dedicated AI model from the traditional 6-9 months to just 3 days or even 3 hours. The breakthrough of Alpha Engine aims to turn customized AI from a “luxury” into a “necessity”.

 

Results of Operations

 

The following information was derived from our unaudited financial results for the six months ended March 31, 2025 and 2024.

 

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ALPHA TECHNOLOGY GROUP LTD.

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

FOR THE SIX MONTHS ENDED MARCH 31, 2025 AND 2024

(UNAUDITED) 

 

   For the six months
ended March 31,
2025		   For the
six months
ended
March 31,
2024		 
   HK$   US$   HK$ 
Revenues   3,054,923    392,669    6,023,005 
Cost of revenue   (1,669,198)   (214,553)   (3,253,805)
Gross profit   1,385,725    178,116    2,769,200 
                
Operating expenses:               
Listing expenses   —    —    (1,051,816)
Selling, general and administrative expenses   (7,139,639)   (917,704)   (6,963,192)
Total operating expenses   (7,139,639)   (917,704)   (8,015,008)
Loss from operations   (5,753,914)   (739,588)   (5,245,808)
                
Other income (loss):               
Other income, net   813,799    104,602    265,504 
Share loss of joint venture   (162)   (21)   — 
Goodwill written off   —    —    (539)
Interest expense, net   (699,911)   (89,964)   (29,839)
Total other income, net   113,726    14,617    235,126 
                
Loss before tax expense   (5,640,188)   (724,971)   (5,010,682)
Income tax expense   —    —    — 
Net loss and total comprehensive loss   (5,640,188)   (724,971)   (5,010,682)
                
Net loss per share attributable to ordinary shareholders of the Company               
— Basic   *    *    * 
— Diluted   *    *    * 
                
Weighted average number of ordinary shares used in computing net loss per share               
— Basic   15,262,500    —    15,262,500 
— Diluted   14,650,413    —    14,650,413 

 

*The balance represents an amount less than HK$1 and US$1.

 

Foreign currency translation and transaction and convenience translation

 

The accompanying consolidated financial statements are presented in the Hong Kong dollar (“HK$”), which is the reporting currency of the Company. HK$ is also the functional currency.

 

Assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Translation gains and losses are recognized in the consolidated statements of loss and comprehensive loss as other comprehensive income or loss. Transactions in currencies other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of loss and comprehensive loss.

 

The value of foreign currencies including the US Dollar may fluctuate against the HK$. Any significant variations of the foreign currencies relative to the HK$ may materially affect the Company’s financial condition in terms of reporting in HK$.

 

3

 

 

Revenues

 

We generated HK$3,054,923 in revenues for the six months ended March 31, 2025, representing a decrease of HK$2,968,082 or 49.28%, as compared with HK$6,023,005 for the six months ended March 31, 2024. The decrease was primarily due to a decrease in revenue generated from system development by HK$2,711,585 and that no revenue was generated from application development which caused a decrease in revenue of HK$800,000. Although the Company’s strategy of focusing on providing quality service to the customers remains unchanged, our revenue was affected by the economic uncertainty which led to increased competition from industry peers and a reduction in our customers' budgets.

 

Cost of Revenue 

 

Cost of revenue decreased by HK$1,584,607 or 48.70%, from HK$3,253,805 for the six months ended March 31, 2024 to HK$1,669,198 for the six months ended March 31, 2025. The decrease was generally consistent with the decrease in revenue. Gross profit margin were 45.36% and 45.98% for the six months ended March 31, 2025 and 2024, respectively. The gross profit has decreased due to the decrease in revenue while our gross profit margin remained stable.

 

Selling, General and Administrative Expenses

 

The selling, general and administrative expenses increased from HK$6,963,192 for the six months ended March 31, 2024 to HK$7,139,639 for the six months ended March 31, 2025, representing an increase of HK$176,447, or 2.53%. The increase was due to a combination of the following reasons:

 

●Advertising expenses

 

The advertising expenses decreased from HK$1,266,024 for the six months ended March 31, 2024 to HK$2,400 for the six months ended March 31, 2025, representing a decrease of HK$1,263,624, or 99.81%. Initial public offering occurred in period of 2024, during which we have invested more advertising expenses to promote our company and attract potential customers.

 

●Entertainment expenses

 

The entertainment expenses decreased from HK$1,288,518 for the six months ended March 31, 2024 to HK$163,956 for the six months ended March 31, 2025, representing a decrease of HK$1,124,562, or 87.28%. Reason for the decrease in entertainment expenses is same as that for the decrease in advertising expenses.

 

●Audit fee and professional fee

 

Our audit fee increased from HK$28,000 for the six months ended March 31, 2024 to HK$1,210,550 for the six months ended March 31, 2025. Our professional fee increased from HK$62,326 for the six months ended March 31, 2024 to HK$578,438 for the six months ended March 31, 2025.

 

Listing expenses

 

The listing expenses decreased from HK$1,051,816 for the six months ended March 31, 2024 to nil for the six months ended March 31, 2025. The decrease was due to that we have completed our initial public offering in November 2023.

 

4

 

 

Total other income

 

Total other income decreased from HK$235,126 for the six months ended March 31, 2024 to HK$113,726 for the six months ended March 31, 2025, representing a decrease of HK$121,400, or 51.63%. The net decrease was mainly due to a combination of the following reasons:

 

●Other income, net

 

Other income, net increased from HK$265,504 for the six months ended March 31, 2024 to HK$813,799 for the six months ended March 31, 2025, representing an increase of HK$548,295, or 206.51%. The increase was mainly due to increase in bank interest income earned by Alpha during the period.

 

●Interest expense, net

 

Interest expense, net increased from HK$29,839 for the six months ended March 31, 2024 to HK$699,911 for the six months ended March 31, 2025, representing an increase of HK$670,072, or 2,245.62%. The increase was mainly due to new loan obtained by TSL in order to maintain the liquidity of the operating cash flow.

 

Income Tax

 

No provision of income tax for the business as the group was making loss.

 

Net loss

 

As a result of the foregoing, our net loss increased to HK$5,640,188 for the six months ended March 31, 2025 from HK$5,010,682 for the six months ended March 31, 2024.

 

5

 

 

ALPHA TECHNOLOGY GROUP LTD.

CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2025, AND SEPTEMBER 30, 2024

(UNAUDITED)

 

   As of
March 31,		   As of
September 30,		 
   2025   2024 
   HK$   US$   HK$ 
Assets            
Current assets:            
Cash and cash equivalent   38,525,687    4,951,951    41,795,661 
Accounts receivable, net   1,604,825    206,278    1,274,500 
Deposit and prepayment   107,500    13,818    51,730 
Deferred cost of revenue   646,392    83,085    523,392 
Due from shareholders   100    13    100 
Due from related parties   42,700    5,489    42,700 
Total current assets   40,927,204    5,260,634    43,688,083 
                
Non-current assets               
Property and equipment, net   64,394    8,277    74,134 
Investment in joint venture   5,838    750    — 
Intangible assets   3,837,610    493,272    4,093,451 
Goodwill   10,176,959    1,308,109    10,176,959 
Right of use asset – finance lease   51,297    6,594    89,770 
Right of use asset – operating lease   1,260,044    161,961    1,516,818 
Rental deposit   179,276    23,043    179,276 
Total non-current assets   15,575,418    2,002,006    16,130,408 
TOTAL ASSETS   56,502,622    7,262,640    59,818,491 
                
Liabilities               
Current liabilities:               
Bank loans – current   604,776    77,736    594,627 
Other loans – current   2,544,200    327,022    856,040 
Accrued expenses and other liabilities   1,092,318    140,403    1,024,081 
Lease liability-operating lease   533,170    68,532    520,034 
Lease liability-finance lease   82,660    10,625    122,156 
Contract liabilities   2,388,963    307,068    1,747,463 
Deferred tax liabilities   844,274    108,520    844,274 
Tax payables   157,895    20,295    159,881 
Due to directors   1,530,572    196,734    989,656 
Total current liabilities   9,778,828    1,256,935    6,858,212 
                
Non-current liabilities               
Bank loans – non-current   —    —    305,485 
Lease liability – operating lease-non-current   726,874    93,430    996,784 
Lease liability – finance lease-non-current   —    —    20,902 
Total non-current liabilities   726,874    93,430    1,323,171 
TOTAL LIABILITIES   10,505,702    1,350,365    8,181,383 
                
Shareholders’ equity               
Ordinary shares               
Alpha Technology Group Limited, US$0.0001 par value; 1,500,000,000 shares authorized; 13,250,000 shares issued as of September 30, 2024, and 15,262,500 shares issued as of March 31, 2025   54,112,233    6,955,389    54,112,233 
Capital reserves   10,000,000    1,285,364    10,000,000 
Accumulated deficit   (18,115,313)   (2,328,478)   (12,475,125)
Total shareholders’ equity   45,996,920    5,912,275    51,637,108 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   56,502,622    7,262,640    59,818,491 

 

6

 

 

Liquidity and Capital Resources

 

As of March 31, 2025 and September 30, 2024, we had cash and cash equivalents of HK$38,525,687 and HK$41,795,661, respectively. We did not have any other short-term investments.

 

As of March 31, 2025 and September 30, 2024, our current assets were HK$40,927,204 and HK$43,688,083, respectively, and our current liabilities were HK$9,778,828 and HK$6,858,212, respectively. Our current ratio was 4.2 times and 6.4 times as of March 31, 2025 and September 30, 2024, respectively, indicating our healthy and strong liquidity.

 

As of March 31, 2025 and September 30, 2024, our net assets were HK$45,996,920 and HK$51,637,108, respectively. The decrease in net assets was due to the net loss incurred in the six months ended March 31, 2025.

 

As of March 31, 2025 and September 30, 2024, our gearing ratio, which is calculated as total liabilities divided by total assets, was 18.6% and 13.7%, respectively.

 

Shareholders’ equity

 

On November 2, 2023, we announced the closing of the initial public offering of 1,750,000 Ordinary Shares at an offering price of US$4 per Ordinary Share. We raised total gross proceeds of US$7,000,000. In addition, the Company granted to its underwriters an option for a period of 45 days after closing of the initial public offering to purchase up to an additional 262,500 Ordinary Shares at the public offering price, less underwriting discounts. On November 21, 2023, underwriters fully exercised the over-allotment option to purchase an additional 262,500 Ordinary Shares at the public offering price of US$4 per share. As a result, we raised additional gross proceeds of approximately US$1,050,000, in addition to initial gross proceeds of US$7,000,000, before deducting underwriting discounts and offering expenses. After deducting underwriting discounts, commissions, and other offering expenses, we received a total net proceeds of approximately US$5.32 million.

 

Cash Flows Summary

 

   For the six months
ended March 31,
2025		   For the
six months
ended
March 31,
2024		 
   HK$   US$   HK$ 
Net cash used in operating activities   (5,134,683)   (659,995)   (16,538,206)
Net cash used in investing activities   —    —    — 
Net cash provided by financing activities   1,864,709    239,684    56,654,866 
Net (decrease) increase in cash   (3,269,974)   (420,311)   40,116,660 

 

7

 

 

Operating activities

 

Net cash used in operating activities was HK$5,134,683 for the six months ended March 31, 2025, compared to net cash used in operating activities of HK$16,538,206 for the six months ended March 31, 2024.

 

Net cash used in operating activities for the six months ended March 31, 2025 was mainly due to net loss of HK$5,640,188 for the period. The decrease in net cash used in operating was mainly due to that we settled the accrued listing expense in the six months ended March 31, 2024 which amounted to HK$10,807,664.

 

Investing activities

 

Net cash provided by investing activities was nil for the six months ended March 31, 2025 and 2024.

 

Financing activities

 

Net cash provided by financing activities was HK$1,864,709 for the six months ended March 31, 2025, as compared to the net cash provided by financing activities of HK$56,654,866 for the six months ended March 31, 2024.

 

Net cash provided by financing activities for the six months ended March 31, 2025 was mainly due to new loan obtained by TSL. The decrease in net cash provided by financing activities was mainly due to initial public offering in November 2023 and received a total net proceeds of HK$44,112,133.

 

Statement Regarding Unaudited Financial Information

 

The unaudited financial information set forth above is subject to adjustments that may be identified when audit work is performed on the Company’s year-end financial statements, which could result in significant differences from this unaudited financial information.

 

8

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Alpha Technology Group Ltd
     
Date: September 29, 2025 By: /s/ Tsang Chun Ho, Anthony
  Name:   Tsang Chun Ho, Anthony
  Title: Executive director and president

 

 

9

 

Source: View Original Filing on SEC EDGAR

FAQ

What was Alpha Technology Group Ltd (ATGL)'s loss before tax reported in this 6-K?

The filing shows a loss before tax of HK$5,640,188 for the reported period.

How large are ATGL's goodwill and intangible assets in the filing?

Goodwill is reported at HK$10,176,959 and intangible assets at HK$3,837,610.

What current liabilities does ATGL disclose in this report?

Selected current liabilities include other loans HK$2,544,200, contract liabilities HK$2,388,963, and bank loans current HK$604,776.

What current assets are shown for ATGL in the filing?

The filing lists accounts receivable, net HK$1,604,825, deferred cost of revenue HK$646,392, and deposit and prepayment HK$107,500.

Who signed the Form 6-K for Alpha Technology Group Ltd (ATGL)?

The report is signed by Tsang Chun Ho, Anthony, Executive Director and President.
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Alpha Technology Group Limited

NASDAQ:ATGL

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