Minerva Group Holding Limited reported a HK$34.38 million loss attributable to shareholders for the six months ended 30 June 2026, an 6.7% improvement from the HK$36.86 million loss recorded a year earlier.
Revenue slipped 14.8% year-on-year to HK$26.97 million, with declines across all operating segments: • Money Lending – HK$21.35 million (-13.2% YoY) • Financial Services – HK$5.43 million (-17.7% YoY) • Assets Investment – HK$0.20 million (-58.1% YoY)
Gross profit fell 15.0% to HK$24.28 million. Segment results showed a HK$0.80 million loss in money lending, a HK$4.70 million loss in financial services and a HK$24.23 million loss in asset investment, the latter weighed down by a HK$19.83 million fair-value loss on listed and unlisted securities. Group finance costs were contained at HK$0.40 million.
Impairment charges on loans and interest receivables dropped to HK$11.51 million from HK$19.91 million a year earlier, reflecting tightened credit controls in a challenging lending environment.
Balance-sheet indicators remained robust: • Financial assets at fair value through profit or loss: HK$365.48 million (31 Dec 2025: HK$383.30 million) • Loans and interest receivables: HK$356.06 million (-4.5% from end-2025) • Bank balances and cash: HK$147.18 million (+3.1%) • Net current assets: HK$898.07 million; current ratio 19.8x • Net assets: HK$1.02 billion • Gearing (total liabilities/total assets): 4.6% (31 Dec 2025: 3.6%)
No interim dividend was proposed.
Post-period, the company completed a rights issue on 30 July 2026, placing 1.14 billion new shares at HK$0.038 each and raising HK$41.50 million net. Minerva intends to deploy about 60% of the proceeds to expand margin-financing operations, 20% to strengthen the money-lending and asset-investment segments, 10% to upgrade trading infrastructure and pursue U.S. equities and tokenised securities activities (subject to regulatory approval), and 10% for general corporate purposes.
Management highlighted persistent economic headwinds, elevated credit risks in Hong Kong’s SME and real-estate sectors, and continued volatility in global capital markets. Priorities for the second half include disciplined credit monitoring, selective loan growth, and ongoing diversification of the investment portfolio while preserving liquidity.