Pinestone (00804) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$16.875 million, representing a year-on-year increase of 57.49%. However, the company reported a net loss of HK$3.684 million, marking a significant year-on-year increase of 357.07%. Basic loss per share stood at HK$0.76 cent.

According to the announcement, the primary driver of the loss was the surge in other operating expenses, which reached approximately HK$16.1 million for the six months ended June 30, 2025, compared to HK$2.9 million in the corresponding period of 2024. The substantial increase in other operating expenses was attributed to higher compliance, professional and agency fees, as well as other miscellaneous expenses during the period.