Paladin Limited reported its audited consolidated results for the year ended 30 June 2025. Group revenue increased to HK$43.81 million from HK$22.73 million in the previous year. The Group recorded a consolidated net loss of HK$145.28 million, compared to a net loss of HK$133.41 million in the previous year. The Property Investment segment posted revenue of HK$8.68 million and a segment loss of HK$105.32 million. The Research and Development segment reported revenue of HK$35.12 million and a segment loss of HK$6.74 million. Fair value losses on investment properties totaled HK$111.44 million for the period. Cost of sales and service rose to HK$20.43 million from HK$9.14 million, while administrative and other operating expenses decreased to HK$40.56 million from HK$44.80 million. Finance costs increased to HK$6.14 million from HK$5.58 million. The company noted that HKFRS 18 will introduce significant changes to the presentation of financial statements in the coming periods, particularly affecting the statement of profit or loss and related disclosures. The directors are currently assessing the impact of these changes on future financial reporting.