Grown Up Group (01842) issued a profit warning, expecting the net loss for the mid-term to increase by approximately 40% to 50% compared to the previous year.

Grown Up Group (01842) announced that compared to the net loss of approximately 5.8 million Hong Kong dollars for the six months ending June 30, 2024, the group may see an increase in net loss of approximately 40% to 50% in the first half of 2025. The expected increase in net loss in the first half of 2025 is mainly due to (i) a slight decline in revenue in the first half of 2025, primarily due to continued tariff-related pressure in the United States; (ii) recognition of unrealized losses of approximately 3.3 million Hong Kong dollars on listed securities investments in the first half of 2025, compared to losses of 2.2 million Hong Kong dollars in the first half of 2024; and (iii) an increase in administrative expenses of approximately 1.9 million Hong Kong dollars, mainly due to the group's efforts to strengthen its diversified supply chain network and promote business development measures.