Star Group Asia Limited Reports Decline in Revenue for Six Months Ended June 2025

Strategic Insights -

Hong Kong's Star Group Asia Limited has experienced a decline in revenue for the six months ended June 2025, with a net loss of approximately HK$19.9 million, compared to a HK$218.5 million loss for the same period in 2024. The decrease in revenue was primarily due to a drop in property sales of completed projects, with most of the residential units of "After The Rain" having been sold in prior years. However, the loss narrowed due to a return to gross profit from the sale of property units and a decrease in finance costs.

Key Takeaways:

  • The revenue of the Group for the six months ended 30 June 2025 was approximately HK$129.3 million, a decrease of HK$388.6 million compared to the same period in 2024.
  • The loss attributable to owners of the Company for the six months ended 30 June 2025 was approximately HK$19.9 million, a narrowing of the loss compared to HK$218.5 million in 2024.
  • The basic loss per share for the period was approximately HK3.10 cents, compared to a loss per share of approximately HK34.07 cents for the corresponding period of last year.
  • The Company's property development business recognized revenue of approximately HK$87.4 million for the six months ended 30 June 2025, mainly from sales of completed projects and property investment.
  • The Group had three completed projects as at 30 June 2025, namely, (a) The Rainbow; (b) The Cloud; and (c) After the Rain, and two projects pending for development.
  • The sales of completed units and temporary rental income from properties held for sale recognized for "The Rainbow" were approximately HK$1.1 million and HK$4.6 million, respectively, for the six months ended 30 June 2025.

Statistics:

  • Revenue for the six months ended 30 June 2025: HK$129.3 million
  • Net loss for the six months ended 30 June 2025: HK$19.9 million
  • Gross profit from sale of property units for the six months ended 30 June 2025: HK$12.8 million
  • Finance costs for the six months ended 30 June 2024: HK$83.4 million (versus HK$40.1 million in 2025)
  • Basic loss per share for the period: HK3.10 cents
  • Completed property projects as at 30 June 2025: 3 (The Rainbow, The Cloud, After the Rain)
  • Pending property development projects as at 30 June 2025: 2 (Kwun Tong Site Project, Big Triangle Project)

Sources:

  • Star Group Asia Limited, "Business Review", dated 12 September 2025
  • Hong Kong Stock Exchange, "Listing of Company Announcements", dated 12 September 2025