Rykadan Capital (2288) reported its unaudited interim results for the six-month period ended 30 September 2025. Revenue from continuing operations was HK$51 million, compared to HK$73 million in the same period of 2024. Loss from continuing operations widened to HK$64.5 million, versus HK$33.7 million previously, mainly due to a one-off write-down on a property redevelopment project and changes in property valuations. Profit from a discontinued operation amounted to HK$39.4 million, compared to the loss of HK$57.4 million in the same period of 2024, leading to a total loss for the period of HK$25.1 million, down from HK$91.1 million previously.

Basic loss per share from continuing and discontinued operations stood at 12.2 HK cents, compared to 23.6 HK cents in the previous period. Net assets per share attributable to owners of the company decreased to HK$1.43 from HK$1.54 at the end of March 2025.

No interim dividend was recommended. According to the announcement, the group’s liquidity remained supported by its internal resources and banking facilities, with total bank borrowings standing at HK$152 million. The gearing ratios showed signs of improvement compared with the end of March 2025.

During the interim period, the group continued to advance its property development, asset investment, and fund management businesses, completing several disposals and acquisitions. Key real estate investments in Hong Kong, the United States, and the United Kingdom were highlighted, alongside a streamlining of non-core holdings to strengthen liquidity. The group also disposed of its stake in Quarella Group Limited and proceeded with asset sales at Rykadan Capital Tower.

According to the announcement, the group remains focused on disciplined asset management and anticipates steady progress in monetizing completed assets. It intends to navigate the evolving global economy by selectively managing existing projects and seeking value-driven opportunities.