One Media Group Limited reported a slimmer loss for the three months ended 31 March 2026, supported by lower production costs and a one-off gain from the disposal of its remaining stake in Most Kwai Chung Limited (MKC).

Turnover slipped 3.1% year-on-year to HK$6.63 million, as revenue from the core entertainment & lifestyle segment held steady at HK$4.80 million while the watch, car & other businesses fell 11.8% to HK$1.83 million.

Cost of goods sold contracted 15.9% to HK$7.02 million, helping the Group trim its gross loss to HK$0.40 million from HK$1.51 million in the prior-year quarter. Operating loss narrowed 9.7% to HK$6.55 million, and loss attributable to owners declined 7.4% to HK$7.61 million. Basic and diluted loss per share improved to 1.90 HK cents from 2.05 HK cents.

Total comprehensive income swung to a positive HK$4.62 million (2025: HK$-8.25 million), propelled by a HK$12.08 million fair-value gain recorded in other comprehensive income following the on-market sale of the remaining 12.0 million MKC shares for HK$18.80 million. The transaction concluded the Group’s investment in MKC, which generated cumulative cash inflows of HK$38.40 million against an original cost of HK$1.76 million since 2012.

Cash and cash equivalents stood at HK$25.68 million, down 11.3% from end-March 2025. Total assets decreased 21.4% to HK$29.72 million, partly reflecting the removal of HK$4.38 million in MKC shares from the balance sheet after the disposal. The Group’s equity deficit widened to HK$87.93 million, while non-current borrowings remained unchanged at HK$98.00 million under a facility from a fellow subsidiary that is not repayable before March 2028.

No dividend was declared for the quarter.