Integrated Waste Solutions Group (IWS) (00923) has issued an announcement regarding its financial outlook.

The company anticipates a substantial decrease in the attributable loss to shareholders for the fiscal year ending March 31, 2026.

It is projected that this loss will be reduced by approximately 64% to 66% compared to the prior year.

For the year ended March 31, 2025, the group recorded an attributable loss of about HK$490.1 million.

The primary drivers for the expected reduction in net loss are several key factors.

Firstly, there is a decrease in impairment losses related to property, plant, and equipment, as well as right-of-use assets, at the group's headquarters in Tseung Kwan O.

Secondly, these land and buildings were written down to their recoverable amount as of March 31, 2025, leading to a significant subsequent reduction in depreciation and amortization expenses.

Finally, the group's interest in a joint venture operating hazardous waste treatment projects in mainland China was fully impaired as of March 31, 2025.

Consequently, the share of losses from this joint venture will no longer be included in the group's financial results going forward.