GLOBAL CORN GP (03889) Reports 2025 Results: Swings to Net Loss of Approximately HK$132 Million
Stock News
Mar 27
GLOBAL CORN GP (03889) has announced its financial results for 2025. The company reported revenue of approximately HK$491 million, a decrease of 21.24% year-on-year. It recorded a net loss of about HK$132 million, a swing from profit to loss compared to the previous year. The loss per share was HK 6.8 cents. According to the announcement, for the year, despite an increase in gross profit, the company did not recognize one-time gains from (i) the completion of the retail group disposal and (ii) the completion of a debt restructuring agreement that were recorded in 2024. This, combined with a rise in finance costs to approximately HK$56 million (2024: HK$34.6 million), led to the company incurring a loss for the year.
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