ESUN HOLDINGS(00571) issues profit warning, anticipating a year-on-year decrease of not less than 95% in the comprehensive loss attributable to owners of the company.

ESUN HOLDINGS (00571) announced that, based on the preliminary unaudited comprehensive management accounts of the Group for the year ended July 31, 2025, the Board of Directors hereby notifies the company's shareholders and potential investors that the expected comprehensive loss attributable to owners of the company for the year ending... will decrease by not less than 95% compared to the comprehensive loss for the year ended July 31, 2024. The expected reduction in comprehensive loss for the year ending... is mainly due to (i) reversals of impairment losses on right-of-use assets and property, plant, and equipment recorded in the previous year, which had incurred significant impairment losses in the previous fiscal year; (ii) decrease in depreciation of right-of-use assets and property, plant, and equipment, as these assets had incurred impairment losses in the previous fiscal year; and (iii) increase in income from renegotiation of rental reductions and restructuring of leases with landlords.