EGL HOLDINGS (06882) announced its interim results for the six months ended June 30, 2025, reporting revenue of HK$692 million, representing an 8.9% year-on-year increase. Profit attributable to owners of the company was HK$5.787 million, down 83% compared to the same period last year. Basic earnings per share stood at HK$1.15 cents.
During the first half of 2025, the global economy faced numerous challenges amid escalating geopolitical tensions and international trade disputes. Evolving tariff policies have intensified uncertainty, severely disrupting global trade and investment activities. Additionally, rumors about a major earthquake expected to strike Japan in July 2025, originating from a 30-year-old Japanese manga, spread widely across various social media platforms with exaggerated coverage. Despite Japan's enduring popularity as a travel destination among Hong Kong residents, these rumors led to a sharp and significant decline in tourism demand for Japan.
Given that the group has strategically focused on providing Japan-centric travel products and services, both revenue and gross profit from tourism-related businesses experienced substantial decreases during the first half of 2025. Although the hotel business delivered satisfactory performance, the group's overall net profit still recorded a significant decline in the first half of 2025.