A & S Group (01737) announced that it expects to record a net loss attributable to shareholders of approximately HK$11 million to HK$15 million for the six-month period ending September 30, 2025, compared to a net profit attributable to shareholders of about HK$70,000 for the same period in 2024.

The Board attributes this shift from profit to loss primarily to a decline in overall cargo handling volume for air freight forwarding and ground services during the period, coupled with the need to maintain a stable workforce to sustain daily operations amid trade environment uncertainties. As a result, labor costs could not be reduced proportionally to match the decrease in overall revenue and handling volume.