ST HLDGS (08305) announced that the group expects to report a consolidated loss of not less than approximately HK$19 million for the fiscal year ending December 31, 2025. This compares to a loss of about HK$3.1 million for the year ended December 31, 2024. The anticipated loss for the current year is primarily attributed to the following factors: an increase in income tax expenses due to the recognition of an impairment on deferred tax assets during the year, and an increase in the impairment recognized on contract assets. The board of directors believes that the aforementioned non-cash impairment provisions have adversely impacted the group's performance for this fiscal year. Excluding the effect of these impairment provisions, the group's fundamental operational performance would align with the board's expectations.