Win Hanverky Holdings Limited (3322) expects a loss after taxation of approximately HK$180.00 million for the year ended 31 December 2025, compared to a loss of HK$62.00 million for the prior year. The anticipated loss includes HK$20.00 million from continuing operations (2024: HK$26.00 million) and HK$160.00 million from discontinued operations (2024: HK$36.00 million). The Board has resolved to cease the High-end Fashion Retailing Business, which incurred an operating loss of about HK$156.00 million in the reporting period (2024: HK$29.00 million), including non-cash impairments of goodwill, inventories, and property, plant, and equipment.

The newly established Fashion Brands and Licensing Business achieved revenue of HK$424.00 million (2024: HK$287.00 million), reflecting a 48% increase, and contributed an operating profit of HK$66.00 million (2024: operating loss of HK$34.00 million). Meanwhile, Sportswear Manufacturing Business posted an operating loss of HK$26.00 million (2024: operating profit of HK$16.00 million), primarily due to higher raw materials and transportation costs. High-end Functional Outerwear Manufacturing Business recorded an operating loss of HK$8.00 million (2024: operating profit of HK$38.00 million), partly attributed to a strategic reduction in reliance on outsourced garment manufacturers.

Sportswear Manufacturing Business revenue stood at HK$2.36 billion (2024: HK$2.46 billion), and High-end Functional Outerwear Manufacturing Business generated HK$633.00 million (2024: HK$864.00 million). As of 31 December 2025, the Group held HK$285.00 million in cash and bank balances (2024: HK$250.00 million), with net borrowings of HK$224.00 million (2024: HK$215.00 million). This resulted in a net gearing ratio of approximately 19% (2024: 16%). According to the announcement, the final figures remain subject to the auditor’s review and the upcoming annual results announcement.