JS GLOBAL LIFE (01691) announced that the group expects to record a net loss of no more than $56 million for the interim period of 2025, compared to a net profit of approximately $29.6 million in the same period of 2024.

According to the announcement, the performance change is primarily attributed to: the group's continued increase in sales costs and administrative expenses during the first half of 2025 for Asia-Pacific market expansion, including but not limited to strengthening brand image and consumer awareness, promoting core products and new products, enhancing omnichannel distribution capabilities, and increasing sales teams and administrative personnel. Additionally, this business is currently in the development stage and contributes minimally to overall performance; reduced procurement service income received by the group from providing procurement services to a subsidiary of SharkNinja, Inc.; and increased fair value losses on restricted share awards and related administrative expenses.

Furthermore, the company expects the group's adjusted profit for the interim period of 2025 to be no less than $12 million (interim 2024: $18.4 million), representing a decrease of no more than 35.0% compared to the same period last year.

The following are the main adjustment items for the group's adjusted profit for the interim period of 2025: equity compensation; fair value changes of restricted award shares; and procurement service income received by the group from providing procurement services to subsidiaries of SharkNinja, Inc.