Highlights

  • CRUSHMETRIC revenue for H1 2025 declined 29% to HKD 2.10 million compared to prior period.
  • Net loss increased 65% to HKD 6.12 million due to higher administrative and distribution costs.
  • Patent registered in Japan and Tokyo exhibition showcased CRUSHMETRIC aluminium can art.

CRUSHMETRIC Group Limited (LSE:CUSH) released its interim results for the six months ended 30 September 2025. The Group operates as a holding company engaged in design and production integrating shape-changing "CRUSH" technology into products created by co-founder Noah Deledda and his team. The Company also manages global sales and distribution of CRUSHMETRIC products through online and offline channels.

Financial Performance
The Group reported revenue of HKD 2,095,815 for H1 2025, a decrease of 29% compared to HKD 2,942,844 in the previous period. Gross profit fell to HKD 1,413,576, representing a margin of 67.45%, down from 73.11% in the prior period.

Distribution costs rose 11.7% to HKD 2,338,403, mainly due to events and advertising expenses. Administrative expenses increased 48% to HKD 4,920,682. Finance costs were HKD 686,116, linked to interest on a USD 650,000 convertible bond.

The unaudited net loss for the period was HKD 6,116,428, up 65.2% from HKD 3,701,514 in the previous year. Basic and diluted loss per share stood at HKD 0.02. Cash and cash equivalents totaled HKD 130,606 as at 30 September 2025, down from HKD 174,535 at the prior period-end. Directors did not recommend a dividend for the period.

Operational Developments
During the period, CRUSHMETRIC undertook several notable operational activities. The Company is negotiating renewal terms for the USD 650,000 convertible bond under similar conditions as prior years.

In addition to its existing patent in China, the Group secured a patent in Japan for the “Deformable Sleeve Having Elastic Core Structure.” This complements its ongoing intellectual property portfolio.

The Group also held a special exhibition in Tokyo from 25 March to 30 April 2025, titled HOSOTEN Destruction & Creation: The World of Aluminium Can Art. The exhibition highlighted the interaction between CRUSHMETRIC products and Toyo Seikan Group’s diamond-cut cans.

Strategic Outlook
The Board outlined a four-pillar approach aimed at supporting future operations. The first pillar focuses on strengthening the financial foundation by securing additional working capital to restore marketing and operational flexibility.

The second pillar involves product-led development, including refreshing core product lines and introducing new variants. The third pillar addresses flagship retail expansion, with plans to open company-owned stores in key global cities.

The final pillar is the Digital Asset Treasury (DAT) strategy, which includes the implementation of Ethereum (ETH) as a treasury reserve asset and acceptance of ETH as a payment method.