Asia Energy Logistics (00351) posted unaudited revenue of HK$14.59 million for the six months ended 30 June 2026, down 51.0% year on-year, reflecting softer demand in telecommunications services and the suspension of e-commerce trading activities.

The Group’s net loss contracted sharply to HK$4.08 million, improving 72.2% from the HK$14.69 million deficit a year earlier. Management attributed the turnaround chiefly to lower staff and operating expenses and a HK$3.88 million fair-value gain on financial assets, versus a HK$5.56 million loss in 1H25. Basic and diluted loss per share narrowed to HK0.20 cents from HK0.74 cents.

Segment performance: • Shipping & Logistics revenue fell 17.4% to HK$12.21 million after dry-dock downtime; the segment swung to a HK$0.20 million gross loss from a HK$3.34 million profit last year, pressured by higher repair costs. • Telecommunications revenue dropped 73.1% to HK$2.39 million amid weaker SMS demand; nonetheless, gross profit rose to HK$0.81 million as the Group shed low-margin clients. • No revenue was recorded from e-commerce trading or industrial intelligent robotic solutions during the period.

Liquidity and balance sheet: • Cash and bank balances stood at HK$49.07 million (31 Dec 2025: HK$55.69 million). • Net current assets totalled HK$66.66 million, while the current ratio improved to 10.21x from 7.33x at year-end. • Gearing remained low at 9%, marginally above 8% six months earlier.

Investments: The Group held HK$19.37 million in financial assets at fair value through profit or loss, equal to c.13% of total assets. The portfolio comprises HK$7.92 million in convertible bonds issued by Value Convergence Holdings and HK$11.45 million in an unlisted equity fund.

Operations & outlook: A long-term charter contract running to 3Q27 underpins the Shipping & Logistics segment, though management cites stricter emissions rules as a future cost driver. The Group is prioritising customer diversification and value-added offerings to offset structural pressures in its telecommunications business, while robotic solutions development— including a U.S.-targeted robotic lawnmower slated for 4Q26 unveiling—remains a key growth initiative.

Headcount edged down to 26 from 27, with staff costs trimmed 4.9% to HK$5.08 million. No dividends were declared for the half-year, and no material acquisitions, disposals, capital commitments, or asset pledges were reported.

The Board states it will continue monitoring market conditions and pursue investments that generate synergies with existing operations.