TOMSON GROUP (00258) issued a profit warning, expecting that the mid-term profit attributable to shareholders after tax will decrease significantly by approximately 85% to 90% compared to the same period last year.

TOMSON GROUP (00258) announced that it anticipates the group's consolidated profit attributable to shareholders after tax for the six months ending June 30, 2026, will decline significantly by approximately 85% to 90% compared to HKD 782.19 million for the same period in 2025. The expected significant drop in the group's performance during the review period is primarily attributed to a decrease in revenue. In the first half of 2025, the group recognized considerable sales revenue following the delivery of about 90% of the sold units in the first phase of the residential development project, Tomson Junyuan, located in Shanghai, People's Republic of China. In contrast, in 2026, apart from recognizing the remaining sales revenue from the sold units of the first phase during the review period, the group will only be able to recognize further sales revenue after delivering the second phase of the project in the second half of 2026. Additionally, the group's fair value changes from market valuations of investment properties, leading to unrealized losses, further impacted the group's performance during the review period.