WANG ON GROUP (01222) announced that the group expects to report a loss attributable to equity holders of the parent company of no more than approximately HK$360 million for the six-month period ending September 30, 2025. This compares to a profit attributable to equity holders of the parent company of approximately HK$85.8 million for the same period ending September 30, 2024.

The expected loss is primarily attributed to the following factors: (i) A loss from the sale of a 20% equity interest in a joint venture hotel project during the review period; (ii) Decreased profit share from joint ventures, mainly due to the ongoing downturn in the commercial real estate market; (iii) Reduced gross profit from the delivery of completed residential projects; and (iv) Realized losses from the sale of debt investments measured at fair value through other comprehensive income during the review period.

These losses were partially offset by lower financing costs resulting from declining interest rates compared to the same period in 2024.