Grown Up Group (01842) Reports Interim Results with Net Loss of HK$8.466 Million, Widening 47.1% Year-on-Year

Stock News
08/22

Grown Up Group (01842) announced its results for the six months ended June 30, 2025, reporting revenue of HK$147 million, a decline of 2.6% year-on-year. The company posted a net loss of HK$8.466 million, representing a 47.1% increase compared to the same period last year, with basic loss per share of HK$0.71 cents.

The widening net loss during the period was primarily attributed to: (i) unrealized fair value losses on listed securities investments of approximately HK$3.3 million recognized during the reporting period, compared to a loss of HK$2.2 million in the first half of 2024; and (ii) an increase in administrative expenses of approximately HK$1.9 million, mainly due to the group's efforts to strengthen supply chain network diversification and advance business development initiatives to enhance market share and customer engagement.

However, recent developments in US tariff policies have adversely affected these initiatives, resulting in limited short-term visibility of expected benefits and a corresponding decline in revenue from HK$150.8 million in the first half of 2024 to HK$147 million during the reporting period. The group is acutely aware of these challenges and is actively implementing measures to mitigate their impact.

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