ORANGE SKY G H (01132) announced its interim results for 2025, reporting revenue from continuing operations of approximately HK$363 million, representing a 2% decrease year-over-year. Profit attributable to equity holders reached HK$137 million, marking a turnaround from loss to profit, with earnings per share of HK$4.88 cents.

According to the announcement, the revenue decline was attributed to reduced cinema attendance during the period due to the lack of blockbuster film releases. The turnaround from loss to profit was primarily due to: (i) net non-recurring gains of HK$19.1 million and HK$85.8 million respectively from the reversal of cost provisions following the termination of certain cinema leases and lease modifications by the Group; (ii) income tax credit of HK$32.6 million arising from the reversal of deferred tax liabilities upon the disposal of a property in Singapore; (iii) non-financial asset impairment losses of HK$313.3 million in the six months ended June 30, 2024, while no such impairment was recorded in the first half of 2025; (iv) net non-recurring gains of HK$294.3 million from the disposal of interests in a joint venture by the Group in the first half of 2024, while no such gains were recorded in the first half of 2025; and (v) reduced operating expenses in the first half of 2025 due to cost reduction measures and short-term rental support.