ALTUS HLDGS Reports Q3 Revenue of HK$5.5 Million from Corporate Finance and Advisory Services, Down 6.3% Year-on-Year

Stock News
Feb 12

ALTUS HLDGS (08149) announced that for the third quarter of the 2026 fiscal year, the Group recorded revenue of HK$5.5 million from corporate finance, asset management, and other advisory services, representing a decrease of 6.3% compared to the same period last year. Revenue from corporate finance and other advisory services is recognized when relevant services are provided according to the terms of service agreements and/or upon completion of significant actions that achieve agreed billing milestones. Consequently, revenue may fluctuate across periods based on the milestones achieved. The Group reported overall rental income of HK$6.8 million from investment properties under operating leases for the third quarter of the 2026 fiscal year, which was similar to the figure from the same period last year. Following the lease of the office unit in October 2025, the Hong Kong investment property generated rental income in the third quarter of the 2026 fiscal year. In contrast, the unit was vacant during the third quarter of the 2025 fiscal year. This positive impact was partially offset by a decrease in the Hong Kong dollar-denominated rental income from the Japanese investment property, due to the depreciation of the Japanese yen against the Hong Kong dollar during the period. For the third quarter of the 2026 fiscal year, the occupancy rate of the Japanese property portfolio, measured by rental income, was 93.7% (same period last year: 93.1%).

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