Reitar Logtech Files 2025 Annual Report
Ticker: RITR · Form: 20-F · Filed: Aug 15, 2025 · CIK: 1951229
| Field | Detail |
|---|---|
| Company | Reitar Logtech Holdings Ltd (RITR) |
| Form Type | 20-F |
| Filed Date | Aug 15, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.00000005, $1, $7, $1,088,580, $138,674 |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, real-estate, sec-filing
TL;DR
Reitar Logtech's 2025 20-F is in, check financials for Hong Kong real estate operator.
AI Summary
Reitar Logtech Holdings Ltd filed its annual report on Form 20-F for the fiscal year ended March 31, 2025. The company, based in Hong Kong, operates in the real estate sector as operators and lessors. The filing was made on August 15, 2025, under SEC file number 001-42210.
Why It Matters
This filing provides investors with the company's financial performance and operational details for the past fiscal year, crucial for understanding its current standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine annual filing for a publicly traded company and does not inherently indicate new risks.
Key Numbers
- 20250331 — Fiscal Year End (Indicates the period covered by the annual report.)
- 20250815 — Filing Date (The date the annual report was submitted to the SEC.)
Key Players & Entities
- Reitar Logtech Holdings Ltd (company) — Filer of the 20-F
- 0001213900-25-077592 (dollar_amount) — Accession Number for the filing
- March 31, 2025 (date) — Fiscal year end date
- August 15, 2025 (date) — Filing date
- 001-42210 (dollar_amount) — SEC File Number
FAQ
What is the primary business of Reitar Logtech Holdings Ltd?
Reitar Logtech Holdings Ltd operates as 'REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS' with SIC code 6510.
What is the SEC file number for this filing?
The SEC file number for this filing is 001-42210.
When does the reported fiscal year end?
The reported fiscal year ended on March 31, 2025.
Where is Reitar Logtech Holdings Ltd headquartered?
The company's business and mail address is located in Hong Kong.
What type of SEC filing is this?
This is an Annual Report filed on Form 20-F, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 4,650 words · 19 min read · ~16 pages · Grade level 13.9 · Accepted 2025-08-15 17:22:09
Key Financial Figures
- $0.00000005 — d Class A Ordinary Shares, par value US$0.00000005 per share RITR The Nasdaq Stock Market
- $1 — ear ended and as of March 31, 2025 is US$1 = HK$7.7799, as published in H.10 stati
- $7 — ed and as of March 31, 2025 is US$1 = HK$7.7799, as published in H.10 statistical
- $1,088,580 — we declared constructive dividend of HK$1,088,580 (US$138,674), which represents amount d
- $138,674 — onstructive dividend of HK$1,088,580 (US$138,674), which represents amount due from a re
- $1.235 billion — Company As a company with less than US$1.235 billion in revenue for our last fiscal year, we
- $1.0 billion — g three-year period, issued more than US$1.0 billion in non-convertible debt; or (iv) the da
- $700 million — at are held by non-affiliates exceeds US$700 million as of the last business day of our most
Filing Documents
- ea0250105-20f_reitar.htm (20-F) — 2715KB
- ea025010501ex8-1_reitar.htm (EX-8.1) — 24KB
- ea025010501ex12-1_reitar.htm (EX-12.1) — 11KB
- ea025010501ex12-2_reitar.htm (EX-12.2) — 11KB
- ea025010501ex13-1_reitar.htm (EX-13.1) — 4KB
- ea025010501ex13-2_reitar.htm (EX-13.2) — 4KB
- ea025010501ex15-1_reitar.htm (EX-15.1) — 3KB
- ea025010501ex15-2_reitar.htm (EX-15.2) — 2KB
- image_001.jpg (GRAPHIC) — 188KB
- image_002.jpg (GRAPHIC) — 105KB
- image_003.jpg (GRAPHIC) — 10KB
- image_004.jpg (GRAPHIC) — 2KB
- image_005.jpg (GRAPHIC) — 5KB
- image_006.jpg (GRAPHIC) — 8KB
- ex15-1_001.jpg (GRAPHIC) — 3KB
- ex15-2_001.jpg (GRAPHIC) — 18KB
- ex15-2_002.jpg (GRAPHIC) — 23KB
- 0001213900-25-077592.txt ( ) — 14004KB
- ritr-20250331.xsd (EX-101.SCH) — 116KB
- ritr-20250331_cal.xml (EX-101.CAL) — 91KB
- ritr-20250331_def.xml (EX-101.DEF) — 533KB
- ritr-20250331_lab.xml (EX-101.LAB) — 869KB
- ritr-20250331_pre.xml (EX-101.PRE) — 573KB
- ea0250105-20f_reitar_htm.xml (XML) — 2032KB
Forward-looking Statements
Forward-looking Statements iii Part I. 1
Identity of Directors, Senior Management and Advisers
Item 1. Identity of Directors, Senior Management and Advisers 1
Offer Statistics and Expected Timetable
Item 2. Offer Statistics and Expected Timetable 1
Key Information
Item 3. Key Information 1
Information on the Company
Item 4. Information on the Company 40
Unresolved Staff Comments
Item 4A. Unresolved Staff Comments 55
Operating and Financial Review and Prospects
Item 5. Operating and Financial Review and Prospects 56
Directors, Senior Management and Employees
Item 6. Directors, Senior Management and Employees 84
Major Shareholders and Related Party Transactions
Item 7. Major Shareholders and Related Party Transactions 91
Financial Information
Item 8. Financial Information 93
The Offer and Listing
Item 9. The Offer and Listing 94
Additional Information
Item 10. Additional Information 94
Quantitative and Qualitative Disclosures About Market Risk
Item 11. Quantitative and Qualitative Disclosures About Market Risk 100
Description of Securities Other Than Equity Securities
Item 12. Description of Securities Other Than Equity Securities 102 Part II. 103
Defaults, Dividend Arrearages and Delinquencies
Item 13. Defaults, Dividend Arrearages and Delinquencies 103
Material Modifications to the Rights of Security Holders and Use of Proceeds
Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 103
Controls and Procedures
Item 15. Controls and Procedures 103
Reserved
Item 16. Reserved 104
Audit Committee Financial Expert
Item 16A. Audit Committee Financial Expert 104
Code of Ethics
Item 16B. Code of Ethics 104
Principal Accountant Fee and Services
Item 16C. Principal Accountant Fee and Services 104
Exemptions from the Listing Standards for Audit Committees
Item 16D. Exemptions from the Listing Standards for Audit Committees 105
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 105
Change in Registrant's Certifying Accountant
Item 16F. Change in Registrant's Certifying Accountant 105
Corporate Governance
Item 16G. Corporate Governance 105
Mine Safety Disclosure
Item 16H. Mine Safety Disclosure 105
Disclosure regarding Foreign Jurisdictions that Prevent Inspections
Item 16I. Disclosure regarding Foreign Jurisdictions that Prevent Inspections 105
Insider Trading Policies
Item 16J. Insider Trading Policies 106
Cybersecurity
Item 16K. Cybersecurity 106 Part III. 107
Financial Statements
Item 17. Financial Statements 107
Financial Statements
Item 18. Financial Statements 107
Exhibits
Item 19. Exhibits 107 Signature 108 i INTRODUCTION Except where the context otherwise requires and for purposes of this annual report only: "CAGR" are to compound average growth rate; "Class A ordinary shares" are to our class A ordinary shares, par value US$0.00000005 per share; "Class B ordinary shares" are to our class B ordinary shares, par value US$0.00000005 per share; "HK
quot; and "Hong Kong dollars" are to the official currency of Hong Kong; "Hong Kong" are to the Hong Kong Special Administrative Region of the People's Republic of China; "Kamui Group" are to Kamui Logistics Automation System Limited, Kamui Cold Chain Engineering & Service Limited and Kamui Construction & Engineering Group Limited; "mainland China" or the "PRC" are to the mainland of the People's Republic of China; "ordinary shares" our existing ordinary shares of par value of US$0.00000005 per share; "Reitar Group" are to Reitar Logtech Group Limited, Reitar Cold Chain Limited, Reitar Properties Leasing Limited, Reithub Consulting Limited and Reitar Asset Management Limited; "RMB" are to the legal currency of the People's Republic of China; "USquot; and "U.S. dollars" are to the legal currency of the United States; "U.S. GAAP" are to generally accepted accounting principles in the United States; and "we," "us," "the Group" and "our" are to Reitar Logtech Holdings Limited, a Cayman Islands company, and its subsidiaries. This annual report includes our audited consolidated financial statements for the years ended March 31, 2023, 2024 and 2025, and the related notes. Our reporting currency is Hong Kong dollars. This annual report contains translations from Hong Kong dollars to U.S. dollars solely for the convenience of the reader. Unless otherwise stated, the exchange rate used for conversion of Hong Kong dollars into U.S. dollars for financial figures for the year ended and as of March 31, 2025 is US$1 = HK$7.7799, as published in H.10 statistical release of tIDENTITY OF DIRECTORS,
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not applicable.
OFFER STATISTICS AND
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE Not applicable.
KEY INFORMATION
ITEM 3. KEY INFORMATION Corporate History and Structure We conduct our operations in Hong Kong through our operating subsidiaries incorporated under the laws of Hong Kong. Our Cayman Islands holding company, Reitar Logtech Holdings Limited, does not conduct business except for its holding of the operating subsidiaries in Hong Kong. As one of the first movers into the PLT solution industry in Hong Kong, we have been operating in the logistics solution market since 2015 and two of our co-founders and directors have been working in this sector for over 20 years. With the growth of our business and in order to facilitate international capital raising, we underwent an offshore reorganization in the second half of 2022. Reitar Logtech Holdings Limited was incorporated in the Cayman Islands with limited liability as our offshore holding company in September 2022. In November 2022, our Company acquired 100% equity interest in Reitar Logtech Engineering Limited and Reitar Capital Partners Limited, BVI companies that own 100% equity interest, respectively, in Kamui Development Group Limited and Reitar Logtech Group Limited, which are Hong Kong companies that hold our Hong Kong operating subsidiaries. This acquisition was deemed a recapitalization of the Company and Reitar Logtech Engineering Limited under common control and, as a result, the results of operations of Kamui Development Group Limited as of and for the three years ended March 31, 2023, 2024 and 2025 have been reflected in our consolidated financial statements. The results of operations of Reitar Logtech Group Limited are presented separately elsewhere in this annual report but not included in our consolidated financial statements because our Company's acquisition of its parent company, Reitar Capital Partners Limited, occurred after March 31, 2022 and there was no common control between the two companies. Our Corporate Structure We do not have a VIE structure. Reitar Logtech Holdings Limited owns 100% eq