TERN PROPERTIES (00277) announced that it expects to achieve a pre-tax profit of approximately HK$16 million for the six months ending September 30, 2025, compared to a pre-tax loss of around HK$54 million in the same period last year. The turnaround in the group's interim performance is primarily attributed to a fair value loss of about HK$1.9 million on its investment properties, significantly lower than the fair value loss of approximately HK$71.7 million recorded in the previous corresponding period.