According to the latest interim financial report of Pioneer Global Group Limited (Stock Code: 00224), revenue for the six months ended 30 September 2025 was HK$112.626 million, compared to HK$121.928 million in the same period a year earlier. Operating profit stood at HK$77.131 million, down from HK$87.565 million in 2024. The share of results of associates showed a loss of HK$26.640 million, while changes in fair value of the Group’s investment properties and its equity instruments at fair value through profit or loss amounted to decreases of HK$8.841 million and HK$19.573 million, respectively.

Overall, the Group recorded a net loss of HK$25.688 million, compared to last year’s loss of HK$83.401 million. Loss attributable to shareholders reached HK$28.970 million, down from HK$85.847 million in the same period of 2024. The Board of Directors has not recommended any interim dividend for the reporting period.

In reviewing the business performance, management noted gradual signs of stabilization in the Hong Kong property sector despite continued headwinds in the commercial office market. The Group’s hotel investments in Hong Kong showed improvement in revenues and occupancy, though the luxury segment was slower to recover. In Thailand, soft arrivals impacted hotel performance, coupled with unexpected booking cancellations in Bangkok, though the Group reported that necessary repairs from earthquake-related damages have been substantially completed.

The Group maintained a healthy cash balance, with cash and bank balances of HK$407.531 million as of the end of September 2025. Total bank borrowings stood at HK$2,257.0 million. Management will continue focusing on preserving balance sheet strength and closely monitoring market conditions in Hong Kong and overseas to guide future strategy.