S E A Holdings Limited Issues Profit Warning for FY2025: Loss Deepens Amid Fair Value Declines

Key Highlights:

• S E A Holdings Limited expects to record a substantial loss of approximately HK\$187 million for the financial year ended 31 December 2025.
• This anticipated loss is notably higher than the loss of about HK\$137 million reported for FY2024.
• Despite an increase in ordinary operating profit, the group’s overall performance is heavily impacted by fair value losses on investment properties in both the United Kingdom and Hong Kong.
• The figures disclosed are based on a preliminary review of unaudited consolidated management accounts and have not yet been reviewed by independent auditors or the audit committee.
• The audited annual results are expected to be published in March 2026.

Details and Analysis

The board of directors of S E A Holdings Limited has issued a formal profit warning, alerting shareholders and potential investors to a deepening loss for the year ended 31 December 2025. The company estimates a consolidated loss in the region of HK\$187 million, marking a significant deterioration compared to the previous year’s loss of HK\$137 million.

The expected increase in loss is primarily attributed to fair value losses on investment properties located in both the United Kingdom and Hong Kong. While the company anticipates an improvement in its ordinary operating profit, these non-cash fair value adjustments have outweighed operational gains, resulting in a net loss.

This announcement is considered price sensitive information, as it implies a worsening financial position despite underlying operational improvements. The fair value losses, which are typically related to changes in market valuations of real estate assets, could reflect broader challenges in the property markets of the UK and Hong Kong, potentially impacting investor sentiment towards S E A Holdings Limited.

Implications for Shareholders

Shareholders and investors should note that:

• The loss figure is preliminary and unaudited; final numbers may differ.
• Such a significant loss may impact the company’s share price, as fair value losses on investment properties are generally viewed as a negative indicator of asset performance and future earnings potential.
• The company’s management has advised caution in any share dealings until the audited results are published.

The board, led by Chairman Lu Wing Chi, Jesse, and including executive and independent non-executive directors, is still in the process of finalizing the annual results. The market should expect the official audited figures in March 2026.

Conclusion

The profit warning issued by S E A Holdings Limited is a material event likely to influence the company’s share price in the near term. The deepening loss, driven by fair value adjustments on investment properties, suggests continued challenges in the property markets where the group operates. Investors should closely monitor further disclosures and exercise caution until full audited results are available.

Disclaimer: The information above is based on preliminary unaudited accounts and official company announcements. It does not constitute investment advice. Investors are urged to conduct their own due diligence and consult professional advisers before making any investment decisions. The audited results may differ from the figures presented here.

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