CITY COOLXUAN (08050) announced that the group is expected to record a profit attributable to shareholders of approximately HK$11.175 million for the six months ended September 30, 2025, compared to a loss attributable to shareholders of about HK$4.496 million for the same period in 2024.

The board attributed the turnaround primarily to the recognition of a one-time other income and gains estimated at HK$16.11 million during the reporting period. This was due to the waiver of outstanding director loans totaling HK$4.8 million owed to a former director, Ms. He Zheng, and outstanding shareholder loans totaling HK$10.85 million owed to a former shareholder, Happy On Holdings Limited, pursuant to waiver deeds dated August 25, 2025.