IWS (00923) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$20.66 million, representing a 7.86% year-on-year decline. Shareholder losses attributable to equity holders stood at HK$12.41 million, narrowing by 36.74% compared to the same period last year. Basic and diluted losses per share were HK$0.0026.

The operating segment performance decreased by HK$3.9 million or 172.6%, primarily due to reduced profit margins in the CMDS business during the period. Net corporate expenses fell by HK$7.3 million or 29.3%, mainly driven by a HK$7.9 million reduction in depreciation and amortization costs for the group's Tseung Kwan O land and buildings. This followed a HK$352.7 million impairment provision, which adjusted the carrying value of the land and buildings to their recoverable amount as of March 31, 2025.