P.B. Group Limited reported its interim results for the six months ended 30 September 2025. Revenue was CNY26.36 million, compared to CNY28.23 million in the same period of 2024. Cost of sales was CNY16.00 million, down from CNY18.10 million. Gross profit stood at CNY10.36 million, slightly higher than CNY10.13 million in the same period last year. Following administrative and distribution expenses, the Group recorded a loss attributable to owners of the Company of CNY4.53 million, compared to a loss of CNY3.25 million in the corresponding period of 2024.

By segment, bentonite mining contributed revenue of CNY17.67 million, while financial services (including wealth management services, money lending, and financial guarantee fees) totaled CNY8.44 million. The newly introduced wholesales business of personal care products contributed CNY0.21 million. Property investment generated stable rental income of CNY47,000. The bentonite segment saw lower sales due to weaker iron and steel industry demand, while financial services revenue remained relatively stable, with wealth management services offsetting decreases in loan interest and financial guarantee fees. The financial guarantee arrangement in the PRC concluded in July 2025.

According to the management discussion and analysis, the Group will continue monitoring macroeconomic factors affecting the bentonite market. For wealth management, the emphasis is on providing insurance and related services in Hong Kong. The money lending segment remains focused on prudent risk management. The Group also aims to enhance its wholesale of personal care products, leveraging growing consumer demand in the premium health product segment.