FE CONSORT INTL (00035) issues profit warning, expecting that the mid-term loss attributable to shareholders will not exceed HK$990 million.

FE CONSORT INTL (00035) announced that the Group expects to incur a loss attributable to shareholders of not more than HK$990 million for the six months ended September 30, 2025, compared to a loss of approximately HK$770 million for the six months ended September 30, 2024. The losses are mainly attributed to a decrease in property sales and impairment losses (including impairment losses on properties held for sale, as well as impairment losses recognized in one associated company and one joint venture). Despite the expected losses, based on the preliminary assessment of the information currently available to the Board of Directors, the Group is expected to achieve an adjusted cash surplus of not less than HK$180 million for the six months ended September 30, 2025 (non-GAAP financial measurement), compared to approximately HK$33 million for the same period in 2024. It is also anticipated that the Group's adjusted net gearing ratio as at September 30, 2025 (non-GAAP financial measurement) will show improvement compared to the ratio as at March 31, 2025.