GBA Holdings Ltd. Reports 6.3% Revenue Increase to HK$31.2 Million for H1 2025

Reuters
Aug 29
GBA Holdings Ltd. Reports 6.3% Revenue Increase to HK$31.2 Million for H1 2025

GBA Holdings Ltd. has announced its interim financial results for the six months ended 30 June 2025. The Group reported a revenue of HK$31.226 million, an increase from HK$29.363 million in the same period the previous year. Despite the rise in revenue, the Group recorded a gross loss of HK$27.937 million, a significant decline from a gross profit of HK$4.081 million the previous year. This downturn in gross profit was primarily attributed to an increase in direct costs in the Catering Business and an impairment loss in properties held for sales and properties under development. The company also experienced a significant rise in other income, which increased to HK$7.1 million from HK$1.3 million, mainly due to gains on lease modifications and a net reversal of impairment on expected credit loss. Selling and distribution expenses rose to HK$7.678 million from HK$5.157 million, while administrative expenses saw a decrease to HK$11.773 million from HK$22.953 million. The net loss for the period was HK$41.006 million, a deterioration compared to a loss of HK$26.707 million in the same period last year. The loss attributable to owners of the company was HK$43.248 million, while non-controlling interests contributed HK$2.242 million in profit. The report did not include specific forward-looking guidance or outlook for the future periods.

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