EPI (Holdings) (00689) has released its interim results for the 2026 fiscal period, revealing a significant swing into the red as the company recorded a loss attributable to shareholders of HK$15.31 million.

The company's revenue for the period reached HK$41.92 million, marking a year-on-year improvement of 9.8%. However, this top-line growth was overshadowed by the substantial loss, which contrasts sharply with the profit of HK$11.12 million reported during the same period in the previous year. The basic loss per share stood at 1.25 HK cents.

The transition from profitability to a loss was primarily driven by two key factors. Firstly, the company recognised a one-off, non-cash share-based payment expense of HK$8.54 million, which was triggered by the grant of share options on May 5, 2026, with no comparable expense recorded in the first half of 2025. Secondly, the group experienced an unrealised foreign exchange loss of HK$8.62 million, stemming from the revaluation of its foreign currency-denominated balances at the period's end, a consequence of the depreciation of the Canadian dollar and New Zealand dollar against the Hong Kong dollar. This stands in stark contrast to the unrealised exchange gain of HK$8.14 million recorded in the corresponding period of the prior year.