SC HOLDINGS (00413) has announced that the group expects to record a substantial loss of approximately HKD 1.5 to 1.8 billion for the year 2025. This contrasts with a net profit of around HKD 12.2 million achieved in 2024. The anticipated loss is primarily attributed to two main factors: (i) a net fair value loss on investment properties, reflecting a weakening market for the relevant assets; and (ii) a decrease in sales orders from a major client, coupled with reduced orders from overseas customers affected by US tariffs, leading to an operating loss in its trade and manufacturing business.