Major Holdings Limited (Stock Code: 1389) has released its unaudited interim results for the six months ended 30 September 2025. The Group recorded revenue of approximately HK$25.0 million, down from HK$36.2 million for the same period in 2024, representing a decrease of 31.0%. Gross margin turned positive, with a gross profit of approximately HK$2.4 million, compared to a gross loss of HK$2.2 million in 2024.

Loss after taxation narrowed to around HK$2.0 million, a substantial improvement over the HK$7.5 million loss posted in the corresponding period last year. Basic loss per share came in at 0.36 HK cents, down from 1.35 HK cents in 2024. No interim dividend has been recommended for the reporting period.

In its announcement, the Group emphasized that geopolitical tensions, elevated inflation and interest rates, and a weakened retail market in Hong Kong presented a challenging environment for premium wine retailers. The company’s sales focus remained on red wine as the principal revenue driver. Management stated that the Group will continue refining its sales and marketing efforts and adjusting its inventory portfolio to address the demanding market conditions, while expressing confidence in maintaining its position in premium wine retail.