**[New Huo Technology 2025 Total Revenue Reaches HK$8.661 Billion, Up 451.8% Year-on-Year]** Foresight News reports that New Huo Technology has released its annual results for the fiscal year ending September 30, 2025. During the reporting period, the company achieved total revenue of HK$8.661 billion in 2025, representing a 451.8% increase compared to HK$1.569 billion in the previous year. The revenue growth was primarily driven by the expansion of its cryptocurrency OTC trading business. This type of business adopts a low-margin, high-volume strategy aimed at rapidly scaling up trading volumes, which led to a simultaneous increase in revenue and direct costs, with relatively limited direct contribution to gross margin improvement during the period. During the reporting period, the company recorded a slight net loss of approximately HK$9 million. This was not purely an operational loss but rather a normal reflection of the strategic transition phase. The loss was mainly attributed to the following factors: non-cash fair value changes, the high base effect of one-off items, and proactive strategic capital expenditures. Due to market fluctuations at the end of the period, the company recorded a fair value loss of approximately HK$36.51 million during the reporting period (primarily from cryptocurrencies held by the licensed Japanese exchange BitTrade, which were significantly affected by market conditions, compared to a gain of HK$36.14 million in the same period last year), resulting in an accounting difference of approximately HK$72.65 million. This change does not involve cash outflows and does not reflect the operating performance of the core business. The report noted that on August 27, 2025, the company transitioned from an "asset management platform" to a "private banking-grade digital asset custodian." This strategic adjustment was based on the new management team's assessment of industry developments and client needs.