SEM Holdings Swings to 2025 Loss as Revenue and Margins Decline

SEM Holdings Limited ( (HK:9929) ) has issued an update.

SEM Holdings Limited reported a sharp deterioration in its 2025 performance, with revenue falling to HK$66.3 million from HK$91.7 million and gross profit shrinking to HK$3.7 million, compared with HK$23.5 million a year earlier. The group swung from a HK$3.8 million profit in 2024 to a HK$18.9 million loss in 2025, as higher administrative expenses, other losses and a revaluation loss on investment property outweighed gains from a reversal of expected credit loss provisions.

The company’s margin compression and move into loss-making territory signal increased operational pressure despite some relief from credit impairment reversals. Earnings per share dropped from HK$0.19 to a basic loss per share of HK$0.94, highlighting a materially weaker position for shareholders and underscoring the need for tighter cost control and possibly strategic adjustments to restore profitability.

The most recent analyst rating on (HK:9929) stock is a Hold with a HK$0.61 price target. To see the full list of analyst forecasts on SEM Holdings Limited stock, see the HK:9929 Stock Forecast page.

More about SEM Holdings Limited

SEM Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates as a commercial group whose latest disclosure centres on revenue-generating activities reflected in its audited consolidated financial results. The company reports revenue from its core operations and manages costs, administrative expenses and finance charges within a structure typical of small to mid-cap Hong Kong-listed enterprises.

Average Trading Volume: 7,137,674

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.48B

For a thorough assessment of 9929 stock, go to TipRanks’ Stock Analysis page.