Walnut Capital Reports Substantial Loss on Cryptocurrency Impairments

Walnut Capital Limited has released its latest financial update, revealing a significant shift in fortunes for the investment-focused holding company.

The group reported revenue of HK$1.99 million for 2025, marking an increase from the previous year's figure of HK$0.54 million.

However, this growth was largely eclipsed by substantial losses related to financial assets and digital currencies. The company incurred a net loss attributable to shareholders of HK$172.1 million, compared with a small profit of HK$0.4 million in 2024.

The significant impairment charges on cryptocurrencies weighed heavily on the group's results, resulting in a basic and diluted loss per share of 16.4 Hong Kong cents versus earnings of 0.04 cents previously.

Despite booking a modest revaluation gain on certain cryptocurrencies, this was far outweighed by a HK$142.9 million impairment loss on digital assets.