GOLDEN RES DEV (00677) announced that the group anticipates a shareholder loss of approximately HK$24.7 million for the six months ending September 30, 2025, compared to a loss of HK$4.6 million in the same period in 2024.

The board attributed the expected increase in losses to the following combined factors: - A rise in overall sales and distribution costs by approximately HK$31.2 million; - An increase in impairment losses for right-of-use assets and equipment by around HK$16 million.

These negative impacts were partially offset by: - A reduction in the deficit from revaluation of investment properties by about HK$8.9 million; - Lower other costs, including a decrease in general administrative expenses by approximately HK$8 million and reduced tax expenses by HK$3.4 million; - An overall gross profit increase of around HK$5 million compared to the same period in 2024.