AGTech revenue rises 24% as fintech transformation gains momentum

AGTech Holdings reported strong revenue growth and a significantly narrower annual loss for the year ended March 31, 2026, as its higher-growth fintech businesses continued to gain scale and contribute a larger share of earnings.

The company recorded revenue of HK$760.5m, up 23.7% from HK$615m a year earlier. Annual loss narrowed to HK$54.2m from HK$98.6m in the previous financial year, reflecting improved operating performance and the absence of a substantial fair-value loss recorded in FY2025.

The strongest growth came from AGTech's financial services businesses. Revenue from digital payments and related services increased to HK$323.8m, supported by higher tourist arrivals in Macau and stronger local consumption. The group's banking segment generated HK$225.5m in revenue, benefiting from a full year of consolidation of Ant Bank and rapid growth in customers and deposits.

During the year, the bank expanded its service offerings and customer reach, with individual customer numbers rising 76% year-on-year and deposits growing 235%.

While lottery revenue declined 12% to HK$211.2m due to fewer lottery hardware tenders and deliveries, the business remained a significant contributor to the group.

Revenue from lottery offline distribution services increased, partially offsetting weaker hardware sales. AGTech also secured 12 lottery terminal tenders from sports lottery authorities across multiple provinces and municipalities in China, reinforcing its position as a leading lottery technology supplier.

The company said the increasing contribution from digital payments, banking services and commerce enablement reflects the early success of its strategic shift toward becoming an integrated fintech platform.

Looking ahead, AGTech plans to further strengthen synergies between its payment, banking and technology businesses while continuing to invest in lottery services, cross-border payments, smart city initiatives and new financial technology opportunities, including gold and precious metals trading platforms.