FW HOLDINGS (00572) warns of expected loss, with an estimated loss of approximately HK$50 million to HK$58 million for the year 2025, as compared to a profit in the previous year.

FW Holdings (00572) announced that it is expected to incur a loss of approximately HK$50-58 million for the year ending December 31, 2025 (the reporting period), compared to a profit of about HK$13 million for the year ending December 31, 2024 (the same period). This is mainly due to (i) a one-off gain of about HK$65 million from significant revisions to other borrowings in the same period; (ii) a decrease in the fair value of investment properties from about HK$58 million in the same period to about HK$35 million in the reporting period; and (iii) a net provision of approximately HK$300,000 for credit losses on loans and receivables interest in the reporting period, compared to a net reversal of provisions for credit losses on loans and receivables interest of about HK$23 million in the same period.