Somerley Capital Holdings Limited (Somerley Capital) released a Positive Profit Alert stating that it expects an after-tax profit of not less than HK$2.50 million for the six-month period ending 30 September 2026, compared with approximately HK$0.20 million for the same period in 2025.
The projected turnaround is primarily driven by an anticipated revenue increase of at least HK$5.00 million, reflecting continued momentum in corporate finance activities. Management notes that higher staff bonuses linked to the revenue growth will raise total employee benefit costs by around HK$3.00 million, partially offsetting the revenue gain.
The profit estimate, derived from unaudited management accounts for the five months ended 31 August 2026, remains subject to review by the company’s auditors and audit committee. Final interim results are scheduled for Board approval and public release in November 2026.
Somerley Capital emphasised that the profit forecast constitutes a profit forecast under Rule 10 of the Hong Kong Takeovers Code and has not yet been reported on by the company’s financial adviser or auditors, as required under Rule 10.4. The firm intends to include the requisite reports in the next shareholder document.
The company also reminded shareholders and potential investors that completion of the pending Sale and Purchase Agreement (SPA) and the subsequent mandatory offers remain conditional; therefore, the offers may or may not proceed. Caution is advised when dealing in Somerley Capital securities until further announcements are made.