Revenue for the six months ended 30 September 2025 stood at approximately HK$270.9 million, a 5% decrease compared to the same period in 2024. Gross profit was around HK$42.4 million, down 16% year on year. The decline reflected fewer management service contracts and a reduction in stand-alone security services income in Hong Kong and mainland China.

Loss attributable to owners of the Company rose significantly to approximately HK$29.3 million from HK$4.6 million a year earlier, mainly due to lower revenue, narrower profit margins, and a rise in administrative expenses from HK$39.9 million to HK$59.6 million. Staff costs increased to about HK$231.6 million, attributed partly to a one-off expenditure of around HK$16 million associated with establishing the Group’s Intelligent Monitoring System Centre.

Loss per share widened from HK Cents 0.4 to HK Cents 2.6. No dividend was declared for the reporting period. As at 30 September 2025, net current assets amounted to approximately HK$66.9 million, and the gearing ratio was about 2.4%.

According to the announcement, the Group remains focused on property management and related services, retaining 400 service contracts in Hong Kong. Looking ahead, it expects to manage costs and maintain operational efficiency while continuing to refine its service offerings through technological enhancements. No material acquisitions, disposals, or significant capital commitments were disclosed. The Board remains cautiously optimistic about long-term market developments despite ongoing cost and competitive pressures.