Deep Source Holdings Limited Reports 62% Drop in Revenue for First Half of 2025
Reuters
Aug 29
Deep Source Holdings Limited Reports 62% Drop in Revenue for First Half of 2025
Deep Source Holdings Limited, previously known as Theme International Holdings Limited, has announced its unaudited condensed consolidated interim results for the six months ending 30 June 2025. The company reported a significant decline in revenue, with figures dropping from HK$26.6 billion in the previous year to HK$10.1 billion in the current period. This decrease is attributed to a substantial reduction in sales from trading and processing of goods, which fell from HK$26.2 billion to HK$9.7 billion. The gross profit for the period also saw a decline, decreasing from HK$625.1 million in 2024 to HK$370.9 million in 2025. Other income, gain, and loss improved, registering a positive HK$56.4 million compared to a loss of HK$146.7 million in the prior year. Selling and distribution expenses reduced slightly from HK$22.9 million to HK$17.3 million, and administrative expenses decreased from HK$163.6 million to HK$137.0 million. The profit before taxation for the period was HK$342.1 million, although the document does not provide a direct comparison with the previous year's figure for this metric. The company did not provide specific guidance or outlook for future periods in the announcement.
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