Integrated Waste Solutions Group Holdings Limited (stock code: 923) announced its unaudited interim results for the six months ended 30 September 2025. Revenue stood at HK$20.7 million, down 7.9% from the HK$22.4 million recorded in the same period last year. Gross profit declined to HK$9.3 million from HK$12.3 million.

Loss attributable to equity shareholders of the company improved to HK$12.4 million, compared with HK$19.6 million in the previous period. The company attributed the narrowed loss partly to lower depreciation costs following a write-down of its land and buildings in Tseung Kwan O. Basic and diluted loss per share stood at HK0.26 cent, compared with HK0.41 cent previously. No interim dividend was declared.

In segment performance, the sale of recovered paper increased year-on-year in volume, but higher purchase costs affected operating margin. The confidential materials destruction segment recorded lower revenue, impacted by reduced demand for non-paper destruction. The company’s logistics division continued supporting its internal operations and waste transportation. Its joint venture in waste electrical and electronic equipment treatment remained a key profit contributor, while the recently acquired associate in Chinese Mainland contributed positively to results.

As part of ongoing rationalization, the company pursued the surrender of its Tseung Kwan O lease, noting that the facility had been underutilized following the cessation of plastic recycling. The move is intended to reduce longer-term financial pressure, and the company plans to relocate its confidential materials destruction operations to a new site. The group reported no bank borrowings at the end of the period and held HK$32.5 million in cash. Looking ahead, it aims to maintain efficient cost management and stable operations across its core business segments.