Hans Group Holdings reported a HK$67.02 million net loss for the six months ended 30 June 2026, a 39.6% improvement from the HK$110.90 million shortfall a year earlier, according to its unaudited interim report.
Revenue inched up 1.8% year-on-year to HK$3.57 billion, lifted mainly by higher fare income from newly added bus routes and sustained trading volumes of oil and petrochemical products. EBITDA slipped 8.3% to HK$384.68 million as bus energy expenses jumped 35.1% to HK$262.48 million, offsetting a 39.6% reduction in finance costs to HK$122.81 million.
Segment breakdown: • Transportation, media and advertising contributed HK$2.21 billion, or 55.3% of group turnover. Passenger journeys reached approximately 181 million, while average daily ridership approached 1 million. • Trading revenue rose to HK$1.28 billion, underpinned by a 10.0% rise in sales volume despite a 44.0% drop in the number of contracts as the company focused on larger deals. • Terminal storage delivered HK$50.15 million, with utilisation of oil and petrochemical tanks climbing to 97.5%. • Retail filling station income stood at HK$25.38 million.
Cash and bank balances totalled HK$304.48 million. Net current liabilities were HK$431.0 million, and the gearing ratio remained high at 77.0%. Capital commitments for property, plant and equipment reached HK$284.28 million.
Project update: The 50,000-tonne liquefied hydrocarbon berth at Dongzhou International Terminal was completed in July 2026 and is slated to start commercial operations in November 2026 under a long-term handling contract. Construction of additional liquefied hydrocarbon storage facilities began in August 2026 and targets completion by August 2027, positioning the group as one of the few Greater Bay Area logistics providers able to handle oil, liquid chemicals and liquefied hydrocarbons.
No interim dividend was declared.
Looking ahead, Hans Group expects trans-shipment and handling activity to improve in the second half on inventory restocking and completion of new infrastructure, while continuing to monitor fuel costs and Middle East geopolitical developments.