ERNEST BOREL (01856) announced that the group expects to record a net loss of approximately HK$21.8 million for the six months ended June 30, 2025, compared to a net loss of approximately HK$5.3 million in the same period of 2024, representing a significant increase in losses.

The expected loss is primarily attributed to weak consumer market sentiment, slow economic recovery, and fragile consumer confidence. Impacted by macroeconomic uncertainties and geopolitical tensions, customers have adopted a more conservative approach to order placements.