WANG ON GROUP (01222) announced its interim results for the six months ended September 30, 2025. The group recorded revenue of HK$1.208 billion, a decrease of 1.79% year-on-year. Shareholders of the parent company incurred a loss attributable to them of HK$354 million, compared to a profit of HK$85.771 million in the same period last year. Basic loss per share stood at HK2.5 cents.

The change in revenue was primarily due to increased sales and delivery of completed residential projects in Hong Kong, which was offset by reduced property sales in certain projects, including but not limited to those in mainland China. The loss attributable to shareholders of the parent company was mainly driven by: (i) a loss on the disposal of a 20% equity interest in a joint venture holding a hotel project during the period; (ii) decreased profit share from joint ventures, largely due to the continued downturn in the commercial property market; (iii) lower gross profit from the delivery of completed residential projects; and (iv) realized losses from the sale of debt investments classified at fair value through other comprehensive income. These factors were partially offset by reduced financing costs resulting from lower interest rates during the period.