Hopefluent Group Holdings Limited reported a sharp deterioration in 2025 results, with revenue sliding 36.7% year on year to HK$599.38 million and loss attributable to shareholders deepening to HK$299.57 million (2024: HK$279.93 million). Basic and diluted loss per share widened to HK44.4 cents from HK41.5 cents.
Revenue contraction stemmed mainly from the core Property Real Estate Agency segment, which generated HK$588.22 million—down 36.3% and accounting for 98% of group turnover. Segment loss expanded to HK$218.99 million (2024: HK$200.85 million). Financial Services contributed HK$11.16 million, just 2% of sales, yet swung to a modest HK$1.91 million profit from a HK$6.90 million loss a year earlier.
Cost-cutting partly offset weaker volumes: selling expenses fell 34.4% to HK$577.32 million and administrative costs declined 18.1% to HK$259.87 million. Nevertheless, additional charges—HK$11.71 million fair-value loss on investment properties, a HK$15.09 million loss on property disposals and an HK$11.20 million goodwill impairment—kept the group in the red. Finance costs fell 55.9% to HK$5.99 million after lower bank and other borrowings.
Total comprehensive loss narrowed to HK$238.55 million (2024: HK$340.36 million), aided by favourable exchange differences. The board recommended no final dividend.
Balance-sheet metrics remain positive but weakened: cash and bank balances fell to HK$141.08 million (2024: HK$210.53 million); net current assets stood at HK$624.11 million (2024: HK$763.08 million). Total borrowings declined to HK$108.62 million, leaving a gearing ratio of 7.5% (2024: 7.1%). Current ratio slipped to 3.14 from 3.32. Investment properties and PPE with a combined carrying amount of HK$38 million are pledged for banking facilities.
The group managed agency mandates for more than 400 projects across roughly 40 mainland cities during the year, transacting properties worth HK$50.50 billion and 2.21 million square metres of GFA. Headcount stood at about 2,100 staff.
Management expects China’s real-estate policies to stabilise demand in 2026 and plans to deepen its focus on core city clusters, expand digital initiatives and pursue selective growth opportunities, supported by AI-driven analytics and continued cost discipline.