Wine’s Link International Holdings Limited (8509) reported revenue of approximately HK$118.9 million for the six months ended 30 September 2025, a 24.6% decline compared to HK$157.8 million for the same period in 2024. Management attributed the decrease primarily to a high-base effect and moderated demand for premium wines.

Gross profit fell to around HK$25.3 million from HK$30.1 million, although gross profit margin edged up from 19.1% to 21.3%. The Group recorded a decrease in both selling and distribution expenses and administrative expenses, reflecting continued measures to streamline costs.

Finance costs also decreased from HK$4.7 million to HK$3.2 million, aided by lower interest on bank borrowings. Profit for the period stood at HK$9.2 million, compared to HK$11.0 million a year earlier. Basic and diluted earnings per share amounted to 2.31 HK cents, down from 2.75 HK cents. The Board resolved not to recommend any dividend for the period.

As of 30 September 2025, the Group’s net current assets totaled HK$204.2 million, and the gearing ratio—calculated by dividing total borrowings by total equity—stood at about 42.4%. Management noted plans to further optimize business operations, explore new opportunities in branded products, and expand marketing services to drive sustainable returns over time.