StarGlory Holdings Company Limited (Stock Code: 8213) released its unaudited interim results for the six months ended 30 September 2025. Consolidated revenue stood at HK$10.9 million, reflecting a 51.3% decrease compared with HK$22.4 million in the same period last year. Meanwhile, the loss attributable to owners decreased from HK$11.3 million to HK$10.3 million.

According to the filing, the Group’s performance was influenced by shifts in consumer spending habits and challenges within Hong Kong’s food and beverage sector, as well as its initial revenue contributions from new photovoltaic operations in the Chinese mainland. Gross profit margin amounted to 40.9% compared to 43.4% in the previous period, while operating expenses dropped by 42.8%, aligning with reduced revenue and stricter cost management measures.

Finance costs increased to HK$3.5 million from HK$1.5 million, largely attributed to higher interest expenses on convertible bonds. As of 30 September 2025, the Group’s current assets totaled HK$27.5 million, and total liabilities amounted to HK$176.9 million. The Group reported net liabilities of HK$141.1 million, compared with HK$130.7 million as of 31 March 2025.

During the reporting period, StarGlory operated principally in two segments: food and beverage in Hong Kong and the newly commenced photovoltaic business in the PRC. Management stated that it will continue streamlining costs in its food and beverage operation while seeking growth opportunities, particularly in renewable energy and related new materials. No interim dividend was recommended for the period under review.