Asia Commercial Holdings (104) announced interim results for the six months ended 30 September 2025. Revenue reached HK$308.76 million, a 9% decrease compared with HK$337.85 million in the previous period. Profit attributable to owners was HK$32.80 million, down 8% from HK$35.82 million. Basic and diluted earnings per share stood at 4.39 HK cents.

According to the announcement, the “Sale of watches” segment contributed HK$302.11 million to revenue, while the “Properties leasing” segment recorded revenue of HK$4.84 million. Gross profit margin remained at 32%, similar to the same period last year. Distribution costs were HK$45.71 million, and administrative expenses fell to HK$9.75 million. Finance costs declined from HK$4.65 million to HK$2.74 million, reflecting reduced borrowings.

Total assets amounted to HK$666 million. Among these, pledged investment properties of HK$299 million served as collateral for bank loans. Bank loans decreased from HK$134 million to HK$83 million, leading to a gearing ratio of 18%. Equity attributable to owners rose to HK$462 million, compared to HK$442 million as of 31 March 2025.

The Board did not declare an interim dividend for this reporting period. The company noted ongoing efforts to streamline operations in its core stores and highlighted the continued development of its properties leasing segment, where it has undertaken renovation and construction projects in West London.