GRAND MING (01271) announced its six-month results for the period ending September 30, 2025. The company reported revenue of HK$253.5 million, representing a year-on-year decline of 62.9%. It recorded a net loss of HK$26.052 million, compared to a net profit of HK$52.6 million in the same period last year. Basic loss per share stood at HK1.8 cents.

The shift from net profit to net loss was primarily attributed to: (i) a significant reduction in residential property deliveries and the expiration of a data center lease; (ii) decreased sales expenses due to lower property sales revenue; and (iii) a substantial decline in fair value gains from the revaluation of investment properties under development, which dropped to HK$0.4 million.