Asian Citrus Holdings (00073) released its unaudited interim results for the six months ended 31 December 2025 (“1H FY26”), recording a notable improvement in profitability alongside modest top-line expansion.

Revenue rose 11.5% year on year to RMB 41.02 million, supported chiefly by a 112.2% surge in Fruit Distribution sales to RMB 16.81 million and a RMB 614,000 contribution from the nascent Sales & Distribution of Consumables segment. Air-conditioner Distribution revenue fell 14.5% to RMB 23.02 million, while Plantation revenue declined 63.4% to RMB 583,000 due to severe weather effects on passion-fruit yields.

Gross profit turned positive at RMB 3.91 million versus RMB 3.63 million in 1H FY25, aided by tighter cost controls. Staff costs contracted 24.1% to RMB 6.25 million, and general & administrative expenses more than halved to RMB 4.57 million. As a result, loss before tax narrowed 47.8% to RMB 9.27 million. Net loss attributable to shareholders decreased 35.2% to RMB 9.40 million, translating to a basic loss per share of RMB 62.78 cents (1H FY25: RMB 97.15 cents).

Total assets stood at RMB 124.59 million as of 31 December 2025, down 13.8% from 30 June 2025, reflecting inventory reduction and lower cash balances. Cash and cash equivalents declined 20.0% to RMB 7.56 million, while net current assets fell 12.3% to RMB 38.56 million. The current ratio improved to 3.0 (30 June 2025: 2.4) due to a 39.2% contraction in current liabilities.

Net gearing increased to 4.3% (30 June 2025: 1.2%) following a slight rise in bank borrowings and lower cash holdings. Capital commitments and contingent liabilities remained nil.

No interim dividend was declared.

Management reiterated a flexible strategy focused on cost discipline, product diversification—including pilot cultivation of crispy honey kumquats—and ongoing evaluation of higher-margin distribution opportunities to sustain long-term shareholder value.