AGTech Holdings revenue climbs to HK$760.5m in FY2026
Lottery revenue declined due to a drop in lottery hardware sales.
China.- Chinese lottery terminals supplier AGTech Holdings has reported higher revenue and a reduced annual loss for the financial year ended March 31, 2026, supported by growth in its banking and digital payment segments, despite a decline in lottery hardware sales.
Group revenue rose 23.7 per cent year-on-year to HK$760.5m (US$97.1m), compared with HK$615m (US$78.5m) in the previous year, according to results filed with the Hong Kong Stock Exchange.
Lottery revenue declined to HK$211.2m (US$27.01m), down from HK$239.9m (US$30.33m) a year earlier, mainly due to a HK$35.5m (US$4.54m) drop in lottery hardware sales following fewer tender awards and deliveries. The decline was partly offset by a HK$6.8m (US$0.87m) increase in offline distribution services.
Outside the lottery segment, AGTech’s banking division delivered the strongest growth, with revenue rising by HK$157.7m (US$20.15m) to HK$225.5m (US$28.84m). The increase was driven by the full-year consolidation of Ant Bank (Macao) Limited after the company acquired a controlling stake in September 2024, alongside growth in customer numbers and deposits. Digital payment and related businesses rose HK$16.6m (US$2.1m) to HK$323.8m (US$41.4m), driven by higher transaction volumes linked to increased inbound tourism in Macau and stronger local consumption supported by promotional campaigns.
The group’s net loss narrowed to HK$39.7m (US$5.1m) from HK$90.4m (US$11.5m). The improvement was mainly due to the absence of a fair value loss recorded in the prior year, which had been linked to convertible term loan facilities provided to First Games Technology Private Limited, a 45 per cent-owned Indian joint venture. Those facilities were later terminated, with a HK$3.5m (US$0.5m) gain recorded on derecognition. Finance income also fell HK$14m (US$1.8m) to HK$30.3m (US$3.9m) due to lower interest rates. No final dividend was declared.
