RELIANCE GLO HL (00723) announced its interim financial results, with a net profit attributable to shareholders of HK$4.056 million, a turnaround from a loss to a profit year-on-year.

RELIANCE GLO HL (00723) announced its interim performance for the six months ending September 30, 2025. The Group achieved revenue of HK$42.186 million, a decrease of 57.22% compared to the same period last year. The profit attributable to owners of the company was HK$4.056 million, compared to a loss of HK$8.853 million in the same period last year. Earnings per share were 0.37 HK cents. The announcement stated that the Group's profit was mainly attributable to losses in the Group's timber supply chain operations, primarily due to continued weak demand in the Chinese real estate market, geopolitical instability, uncertainty in US tariff policies, pressure on margins, rising operating costs in Europe, and impairment losses on certain trade receivables. The Group also incurred losses in its lending operations, mainly due to a decrease in the size of its loan portfolio leading to a decline in revenue, as well as impairment losses on certain receivables and debt assets. This also includes the comprehensive impact of fair value gains on financial assets recognized in profit or loss, and the net gains on the sale/redemption of financial assets recognized at fair value.