China Resources and Transportation Group Limited (stock code: 269) reported its unaudited interim results for the six months ended 30 September 2025. According to the filing:

The Group’s revenue amounted to approximately HK$323.91 million, all derived from expressway toll income, registering a 7.97% increase from HK$300.00 million in the prior period. During the period, the Group recorded an unaudited EBITDA of approximately HK$231.74 million, up from HK$221.34 million in the prior period.

The unaudited net loss attributable to owners of the Company was approximately HK$83.40 million, compared with HK$109.83 million for the last corresponding period. The Group’s net loss for the period was approximately HK$71.36 million (prior period: HK$106.92 million). No dividend was declared for the six months ended 30 September 2025.

As of 30 September 2025, the Group’s net current liabilities stood at approximately HK$18.53 billion, with net liabilities of approximately HK$13.18 billion. Borrowings in default totaled about HK$9.28 billion, alongside a promissory note of HK$132.32 million and non-convertible bonds of HK$4.40 billion, plus accrued default interests of approximately HK$4.67 billion. These liabilities remain under current classification. The principal subsidiary in Inner Mongolia is undergoing a court-approved debt restructuring aimed at resolving outstanding obligations.