QUALI-SMART Holdings (01348) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$27.84 million, representing a year-on-year decline of 52.26%. The loss attributable to shareholders stood at HK$10.78 million, narrowing by 5.4% compared to the same period last year. The loss per share was HK$0.0074.

The company attributed the revenue decrease of approximately HK$30.5 million during the period primarily to a HK$25.3 million decline in its toy division and a HK$5.2 million reduction in its financial services segment. These represent year-on-year decreases of about 52.9% and 49.5%, respectively.