Ernest Borel Holdings Ltd. reported its interim results for the first half of the fiscal year 2025. The Group recorded revenue of approximately HK$38.0 million for the six months ended 30 June 2025, down from HK$40.1 million in the first half of fiscal year 2024, representing a decrease of about 5.1%. Gross profit decreased to HK$6.3 million from HK$19.4 million in the same period last year, with the gross profit margin declining to 16.5% from 48.5%. The loss attributable to equity holders of the company increased to HK$21.8 million for the period, compared to a loss of HK$5.3 million in the first half of 2024. The company attributed the decrease in revenue and profit margins to uncertainties in the global macroeconomic environment and geopolitical tensions, which led to a slower-than-expected recovery in the watch industry. The Group stated it will focus on expanding its business and pursuing new opportunities in the second half of the year. Management expressed confidence in the company's long-term development, citing ongoing initiatives and the leadership of the Board of Directors.