Sky Blue 11 Company Limited (1010) released its unaudited condensed consolidated second interim results for the twelve months ended 31 December 2025. The total revenue was approximately HK$31.09 million, compared to HK$36.03 million for the corresponding period in 2024. The Group attributed the decrease partly to weaker demand in its high-end product segments.

During the reporting period, the Group recorded a loss attributable to owners of the Company of about HK$43.16 million, versus a loss of around HK$165.11 million in the previous period. Management highlighted a reduction in impairment charges and other write-downs compared to 2024 as a major factor behind the narrower loss. General and administrative expenses also declined to roughly HK$29.69 million from HK$39.45 million, reflecting tighter cost controls.

In the segment analysis, design and sales of integrated circuits generated revenue of approximately HK$31.09 million, broadly consistent with the prior year’s segment level. The executive jet management and yacht businesses reported no revenue during the period due to subdued market conditions and cautious spending patterns. Property investment recognized a fair value loss of about HK$19.37 million after revaluation of assets in Saipan.

The Group’s financial position showed net current liabilities of HK$182.82 million as of 31 December 2025 and overall net liabilities of HK$167.32 million. Cash and cash equivalents stood at HK$29.39 million, with around HK$6.26 million of this amount frozen in a PRC bank account due to outstanding legal proceedings involving one of its suppliers.

As part of operational changes, the Board has resolved to change the Company’s financial year-end date from 31 December to 30 June. No second interim dividend was proposed for the period under review.