KING'S FLAIR (06822) announces its performance for 2025. The company's owners are expected to incur a loss of approximately HK$109 million, a year-on-year result of turning from profit to loss.

KING'S FLAIR (06822) announced its performance for the year 2025, with a revenue of approximately 465 million Hong Kong dollars, a decrease of 44.29% compared to the previous year. The company's attributable loss was about 109 million Hong Kong dollars, a turnaround from profit to loss; with a loss per share of 15.6 Hong Kong cents. The announcement stated that the decrease in revenue was mainly due to the uncertain prospects of US tariffs and expansion policies during the year, along with continued tensions in international trade. These external factors caused the company's major clients to adopt a more cautious approach, resulting in a decrease in purchase orders. The turnaround from profit to loss was mainly due to other losses during the year and a significant increase in administrative expenses. During the year, due to unfavorable market conditions, the group's investment properties experienced significant fair value losses. In addition, the start of operations for the advanced manufacturing center for nanofiber production at the group's industrial estate in Tseung Kwan O led to an increase in depreciation and operating expenses. Additionally, there was an increase in expected credit losses provision for trade receivables.