GROWN UP GROUP released its interim results, with a net loss of HKD 8.466 million, an increase of 47.1% year-on-year
GROWN UP GROUP released its interim results for the period ending June 30, 2025, with revenue of HKD 147 million, a year-on-year decrease of 2.6%; net loss of HKD 8.466 million, a year-on-year increase of 47.1%. The increase in losses was mainly due to unrealized fair value losses and rising administrative expenses. The group recognizes the challenges it faces and is actively taking measures to mitigate the impact
According to the Zhitong Finance APP, GROWN UP GROUP (01842) announced its performance for the six months ending June 30, 2025, with revenue of HKD 147 million, a year-on-year decrease of 2.6%; a net loss of HKD 8.466 million, a year-on-year increase of 47.1%; and a basic loss per share of HKD 0.071.
During the period, the increase in net loss was mainly due to (i) the recognition of unrealized fair value losses on listed securities investments of approximately HKD 3.3 million during the reporting period, compared to a loss of HKD 2.2 million in the first half of 2024; (ii) an increase in administrative expenses of approximately HKD 1.9 million, primarily due to the group's efforts to strengthen supply chain network diversification and advance business development plans to enhance market share and customer engagement. However, recent developments in U.S. tariffs have adversely affected these initiatives, resulting in limited short-term visibility of expected benefits, and revenue decreased from HKD 150.8 million in the first half of 2024 to HKD 147 million during the reporting period. The group is acutely aware of these challenges and is actively taking measures to mitigate their impact
