PRODUCTIVE TECH (00650) announced that the group anticipates a net loss attributable to equity shareholders of approximately HK$87.7 million for the six months ended September 30, 2025 (compared to a loss of HK$160.7 million for the same period in 2024). The net loss during the reporting period primarily stemmed from R&D and administrative expenses of around HK$93.5 million, incurred as the group continues to develop and expand its semiconductor and solar energy businesses.

The loss narrowed by approximately HK$73 million year-on-year, mainly due to improved operational and investment performance compared to the same period in 2024. Key factors include: - A reduction in administrative and R&D expenses by about HK$37.7 million (from HK$131.1 million), driven by cost-control measures implemented in response to market downturns and lower material costs following the completion of major product development. - A positive shift in fair value changes of fund investments, turning from a loss of HK$0.9 million to a gain of HK$9.6 million. - No impairment loss recorded for an investment in an associate, compared to an impairment loss of HK$40.4 million in the prior period.

These improvements were partially offset by a decline of approximately HK$20 million in gross profit contribution from the company's crude oil and equipment business, leading to lower total revenue during the reporting period.