Wan Leader International Limited (8482) released its unaudited interim results for the six months ended 30 September 2025. The company’s net loss narrowed to approximately HK$7.8 million, compared to a net loss of about HK$15.5 million over the same period in 2024.

Total revenue declined by around 4.4%, standing at roughly HK$75.5 million (2024: HK$79.1 million). The majority stemmed from air freight and related logistics services, which contributed approximately HK$75.5 million, while contributions from sea freight and fashion trading remained minimal during the period.

Cost of services dropped to about HK$73.2 million (2024: HK$81.6 million). The resulting gross profit was approximately HK$2.3 million, reversing from a gross loss of HK$2.5 million a year earlier. The company noted a decrease in administrative expenses, while finance costs rose to HK$1.1 million (2024: HK$0.2 million), largely due to higher interest expenses on borrowings.

No interim dividend was recommended. As of 30 September 2025, cash and cash equivalents stood at HK$9.6 million, and the gearing ratio was about 24.9%.

During the reporting period, the company completed a placing in March 2025 under its general mandate, raising net proceeds of around HK$3.19 million for loan repayment and working capital. After the reporting period, the company entered into another placing agreement in October 2025, raising net proceeds of approximately HK$2.87 million.

According to the announcement, management remains proactive in monitoring industry dynamics and controlling costs, while exploring opportunities to diversify its business portfolio and broaden its revenue base.