GEMINI INV (00174) released its interim results, with a loss attributable to shareholders of HK$336 million, an increase of 185.3% year-on-year.

GEMINI INV (00174) announced its results for the six months ending June 30, 2026, reporting revenue of HKD 325 million, a year-over-year decrease of 21.1%; the loss attributable to shareholders was HKD 336 million, an increase of 185.3% compared to the previous year; basic loss per share was HKD 0.53. The widening loss during the period was mainly due to the decline in revenue, primarily caused by the sale of several investment properties leading to reduced rental income and ancillary service income, with no property sales during the period. This was because the company's development project in New York City had no remaining units available for sale. In addition, various factors such as slowing economic growth, persistent inflation, and rising interest rates have led to ongoing adjustments in the commercial real estate markets in the United States and Hong Kong, resulting in downward adjustments in the valuations of certain properties.