Raytech (NASDAQ: RAY) 6M 2025 profit HKD 4.75M revenue falls to HKD 37.6M

Rhea-AI Filing Summary

Raytech Holding Limited filed a Form 6-K providing unaudited interim results for the six months ended September 30, 2025. Revenue was HKD 37,578,932 and net income was HKD 4,749,875, producing basic and diluted earnings per share of HKD 2.48, all retroactively adjusted for a share consolidation effective November 7, 2025.

As of September 30, 2025, Raytech reported total assets of HKD 146,381,084, including cash and cash equivalents of HKD 121,544,270, against total liabilities of HKD 28,768,414 and shareholders’ equity of HKD 117,612,670. During the period, a follow-on offering issued 1,624,062 ordinary shares on July 1, 2025, contributing HKD 35,900,778 and increasing issued and outstanding shares to 2,724,880.

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 January 2026

Commission File Number: 001-42100

RAYTECH HOLDING LIMITED

(Exact name of registrant as specified in its charter)

Unit 609, 6/F, Nan Fung Commercial Centre,

No.19 Lam Lok Street, Kowloon Bay, Hong Kong

(Address of Principal Executive Office)

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

Form 20-F ☒         Form 40-F ☐

Attached Raytech Holding Limited’s (i) Unaudited Interim Condensed Consolidated Financial Statements with notes as of September 30, 2025, and (ii) the corresponding Management’s Discussion And Analysis Of Financial Condition And Results Of Operations section.

The contents of this Report on Form 6-K are hereby incorporated by reference into the Company’s registration statement on Form F-3 (Registration No. 333-290696) of the Company, that was initially filed with the SEC on October 3, 2025, and declared effective by the SEC on December 18, 2025.

Exhibits

Exhibit No.		Description
99.1		Unaudited Interim Condensed Consolidated Financial Statements as of September 30, 2025
99.2		Management’s Discussion And Analysis Of Financial Condition And Results Of Operations

1

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.

	Raytech Holding Limited
Date: January 15, 2026	By:	/s/ Tim Hoi Ching
	Name:	Tim Hoi Ching
	Title:	Chief Executive Officer

2

Exhibit 99.1

RAYTECH HOLDING LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

		As of March 31,				(Unaudited) As of September 30,
		2025				2025				2025
		HKD				HKD				US$
ASSETS
CURRENT ASSETS
Cash and cash equivalents			84,850,995				121,544,270				15,620,850
Accounts receivable, net			8,144,307				3,166,952				407,016
Merchandise inventories, net			1,879,435				5,799,922				745,405
Prepayments			–				15,194,115				1,952,745
TOTAL CURRENT ASSETS			94,874,737				145,705,259				18,726,016
NON-CURRENT ASSETS
Property and equipment, net			–				–				–
Deferred initial public offering costs			–				659,625				84,775
Long-term deposits			16,200				16,200				2,082
TOTAL NON-CURRENT ASSETS			16,200				675,825				86,857
TOTAL ASSETS			94,890,937				146,381,084				18,812,873
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable			466,327				1,072,335				137,817
Accounts payable - related parties			14,984,393				22,266,672				2,861,709
Accruals			1,786,314				1,351,231				173,660
Contract liabilities			501,804				2,773,891				356,500
Tax payables			190,082				1,304,285				167,626
TOTAL CURRENT LIABILITIES			17,928,920				28,768,414				3,697,312
TOTAL LIABILITIES			17,928,920				28,768,414				3,697,312
COMMITMENTS AND CONTINGENCIES			–				–				–
SHAREHOLDERS’ EQUITY
Ordinary Shares, US$0.0001 par value, 500,000,000 Ordinary Shares authorized, 1,100,818 shares and 2,724,880 shares issued and outstanding as of March 31, 2025 and September 30, 2025, respectively(1) (2)			862				2,137				273
Additional paid-in capital			37,717,487				73,616,990				9,461,244
Retained earnings			39,243,668				43,993,543				5,654,044
TOTAL SHAREHOLDERS’ EQUITY			76,962,017				117,612,670				15,115,561
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			94,890,937				146,381,084				18,812,873

(1)	1,624,062 ordinary shares were issued on July 1, 2025. (2)
(2)	Retroactively restated share consolidation that every sixteen (16) issued and unissued ordinary shares with a par value of US$0.00000625 each in the capital of the Company are hereby consolidated into one (1) ordinary share with a par value of US$0.0001 each, with the effective date on November 7, 2025.

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-1

RAYTECH HOLDING LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF INCOME

		(Unaudited) For the Six Months ended September 30,
		2024				2025				2025
		HKD				HKD				US$
REVENUE
Sales of products			42,101,829				37,578,932				4,829,638
Sales of tooling			1,147,077				–				–
			43,248,906				37,578,932				4,829,638
OPERATING EXPENSES
Merchandise costs			(34,100,724	)			(27,708,506	)			(3,561,093	)
Selling, general and administrative expenses			(5,229,459	)			(5,177,047	)			(665,353	)
Total operating expenses			(39,330,183	)			(32,885,553	)			(4,226,446	)
INCOME FROM OPERATIONS			3,918,723				4,693,379				603,192
OTHER INCOME (EXPENSE)
Interest income			1,431,474				1,362,022				175,048
Other income, net			–				116,195				14,933
Loss from foreign currency exchange			(407,242	)			(307,518	)			(39,522	)
Total other income, net			1,024,232				1,170,699				150,459
INCOME BEFORE INCOME TAX PROVISION			4,942,955				5,864,078				753,651
PROVISION FOR INCOME TAXES			(290,920	)			(1,114,203	)			(143,197	)
NET INCOME			4,652,035				4,749,875				610,454
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
Basic and diluted(1) (2) (3)			1,074,058				1,917,286				1,917,286
EARNINGS PER SHARE
Basic and diluted			4.33				2.48				0.32

(1)	93,750ordinary shares were issued on May 15, 2024, and 7,068 ordinary shares were issued on July 5, 2024. (3)
(2)	1,624,062 ordinary shares were issued on July 1, 2025. (3)
(3)	Retroactively restated share consolidation that every sixteen (16) issued and unissued ordinary shares with a par value of US$0.00000625 each in the capital of the Company are hereby consolidated into one (1) ordinary share with a par value of US$0.0001 each, with the effective date on November 7, 2025.

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-2

RAYTECH HOLDING LIMITED
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

		Ordinary shares								Additional								Total
		No. of Shares(3)				Par Value				Paid-in Capital				Retained Earnings				Shareholders’ Equity
						HKD				HKD				HKD				HKD
For the six months ended September 30, 2024:
BALANCE, March 31, 2024			1,000,000				783				99,217				30,975,301				31,075,301
Initial Public Offering of shares (1)			100,818				79				37,618,270				–				37,618,349
Net income			–				–				–				4,652,035				4,652,035
BALANCE, September 30, 2024			1,100,818				862				37,717,487				35,627,336				73,345,685
For the six months ended September 30, 2025:
BALANCE, March 31, 2025			1,100,818				862				37,717,487				39,243,668				76,962,017
Follow On Offering of shares (2)			1,624,062				1,275				35,899,503				–				35,900,778
Net income			–				–				–				4,749,875				4,749,875
BALANCE, September 30, 2025			2,724,880				2,137				73,616,990				43,993,543				117,612,670
BALANCE, September 30, 2025 (US$)							273				9,461,244				5,654,044				15,115,561

(1)	93,750 ordinary shares were issued on May 15, 2024, and 7,068 ordinary shares were issued on July 5, 2024. (3)
(2)	1,624,062 ordinary shares were issued on July 1, 2025. (3)
(3)	Retroactively restated share consolidation that every sixteen (16) issued and unissued ordinary shares with a par value of US$0.00000625 each in the capital of the Company are hereby consolidated into one (1) ordinary share with a par value of US$0.0001 each, with the effective date on date of November 7, 2025.

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-3

RAYTECH HOLDING LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

		(Unaudited) For the Six Months ended September 30,
		2024				2025				2025
		HKD				HKD				US$
Cash flows from operating activities
Net income			4,652,035				4,749,875				610,454
Adjustments to reconcile net income to net cash provided by operating activities
Loss from unrealized foreign currency translation			406,530				100,934				12,972
Changes in operating assets and liabilities
Accounts receivable, net			978,597				4,984,224				640,572
Merchandise inventories, net			720,618				(3,924,830	)			(504,419	)
Prepayments			–				(15,211,885	)			(1,955,029	)
Accounts payable			372,876				606,657				77,967
Accounts payable - related parties			(3,694,385	)			7,288,868				936,764
Accruals			(97,717	)			(435,398	)			(55,957	)
Contract liabilities			(1,008,415	)			2,274,680				292,342
Taxes payables			290,920				1,114,203				143,197
Net cash provided by operating activities			2,621,059				1,547,328				198,863
Cash flows from investing activity
Repayment of amount due from a director			145,166				–				–
Net cash provided by investing activity			145,166				–				–
Cash flows from financing activities
Proceed from Initial Public / Follow On Offering of shares			42,772,241				35,900,778				4,613,962
Deferred initial public offering cost			–				(659,625	)			(84,775	)
Net cash from financing activities			42,772,241				35,241,153				4,529,187
Change in cash			45,538,466				36,788,481				4,728,050
Effect of foreign exchange on cash			(377,030	)			(95,206	)			(13,638	)
Cash at the beginning of the period			35,885,666				84,850,995				10,906,438
Cash at the end of the period			81,047,102				121,544,270				15,620,850
Supplementary cash flow information
Cash paid for income tax			–				–				–
Cash paid for interest expense			–				–				–

The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-4

FAQ

What period does Raytech Holding (RAY) cover in this Form 6-K?

The Form 6-K provides unaudited interim condensed consolidated financial statements for Raytech Holding Limited as of September 30, 2025 and for the six months ended September 30, 2025.

What were Raytech Holding (RAY) revenue and net income for the six months ended September 30, 2025?

For the six months ended September 30, 2025, Raytech reported revenue of HKD 37,578,932 and net income of HKD 4,749,875, with income from operations of HKD 4,693,379.

What earnings per share did Raytech Holding (RAY) report for this interim period?

Raytech reported basic and diluted earnings per share of HKD 2.48 for the six months ended September 30, 2025, based on a weighted average of 1,917,286 ordinary shares, retroactively adjusted for a share consolidation.

What is Raytech Holding’s (RAY) cash position and balance sheet strength as of September 30, 2025?

As of September 30, 2025, Raytech reported cash and cash equivalents of HKD 121,544,270, total assets of HKD 146,381,084, total liabilities of HKD 28,768,414, and shareholders’ equity of HKD 117,612,670.

Did Raytech Holding (RAY) raise capital during the six months ended September 30, 2025?

Yes. Raytech completed a follow-on offering of 1,624,062 ordinary shares on July 1, 2025, generating HKD 35,900,778 and increasing issued and outstanding shares to 2,724,880 as of September 30, 2025.

How did Raytech Holding’s (RAY) operating cash flow look for the six months ended September 30, 2025?

For the six months ended September 30, 2025, Raytech recorded net cash provided by operating activities of HKD 1,547,328, while net cash from financing activities, mainly the follow-on offering, was HKD 35,241,153.

What share structure changes did Raytech Holding (RAY) disclose in this interim report?

Raytech disclosed that 1,624,062 ordinary shares were issued on July 1, 2025 via a follow-on offering, and that its share figures are retroactively restated for a consolidation where every sixteen prior shares became one ordinary share with par value US$0.0001, effective November 7, 2025.