HERALD HOLD (00114) announced that the group expects net profit attributable to shareholders for the six months ending September 30, 2025, to be in the range of HK$42 million to HK$47 million (compared to HK$27.2 million for the same period in 2024).

The increase is primarily driven by net realized and unrealized gains of approximately HK$13 million from trading securities (compared to HK$10 million in the prior period) and a one-time post-tax gain of around HK$15 million from the sale of two land parcels in Shanghai.

Despite these positive results and the one-time gain in the first half of the fiscal year, management remains cautious about the group’s performance in the second half. This caution stems from ongoing geopolitical uncertainties and intensified price competition within the industry.