GRAND OCEAN AR (00065) releases annual performance results, with a shareholders' net loss of 50.96 million Hong Kong dollars, an increase of 0.39% compared to the previous year.

GRAND OCEAN AR (00065) announced its annual performance for the year ending on December 31, 2025. The group generated revenue of HK$162 million during the period, a decrease of 10.71% compared to the previous year. The company's attributable loss was HK$50.966 million, an increase of 0.39% year-on-year. The basic loss per share was 23.91 HK cents. The announcement stated that the loss was mainly attributed to the recognition of impairment losses on non-financial assets of the coal mining business unit of the group amounting to approximately HK$43.837 million; and an increase in expected credit losses on loans provided to a joint venture company of around HK$8.675 million, taking into account the aging of loans and changes in the market and overall economic environment.