GROWN UP GROUP (01842) has unveiled its financial results for the first half of 2026, revealing a challenging period marked by a substantial contraction in revenue and an expansion of its net loss.
The company recorded revenue of approximately HK$103 million, representing a significant decline of 30.24% compared to the corresponding period last year. Concurrently, the net loss attributable to the company widened to HK$10.735 million, an increase of 26.8% year-on-year. The loss per share stood at 0.89 Hong Kong cents during the reporting period.
According to the company's official statement, the heightened net loss is primarily attributable to a decrease in both revenue and gross profit margin during the reporting period. This downturn was mainly driven by two key factors: (i) a reduction in sales to the United States market, and (ii) diminished sales of medical bags and related supplies, products which had previously been characterized by higher profit margins.
Partially offsetting these adverse effects was the recognition of a net gain of approximately HK$300,000 from the realized and unrealized fair value changes of financial assets measured at fair value through profit or loss. This contrasts favorably with the corresponding period in 2025, which saw a net loss of approximately HK$2.7 million from the same category of financial assets.
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