WING ON CO (00289) announced that the Group expects to record a loss attributable to shareholders of approximately HK$328.5 million for the year ending December 31, 2025. This compares to a loss of HK$919 million for the year ended December 31, 2024. Excluding the net loss from the revaluation of the Group's investment properties and related deferred taxes, the Group also anticipates that its underlying profit attributable to shareholders for the year ending December 31, 2025, will increase by approximately 42.6% to about HK$612 million, compared to HK$429 million for the year ended December 31, 2024.

For the year ending December 31, 2025, revenue from the Group's investment properties in Hong Kong and Melbourne, Australia, is expected to decrease by approximately 19.1% to about HK$296 million, down from HK$366 million for the year ended December 31, 2024. This decline is primarily attributed to weak demand for office space from tenants, leading to lower rents and reduced occupancy rates.

Furthermore, the Group's department store business is projected to record a loss of approximately HK$64.1 million for the year ending December 31, 2025, compared to a loss of HK$60 million for the previous year. This is mainly due to the challenging retail operating environment in Hong Kong, which has resulted in decreased customer footfall and reduced consumer spending power.