E-Star Commercial posts mixed first half 2025 results

E-Star Commercial Management Company Limited reported a 9.4% period-on-period decrease in revenue, totaling 284.2 million yuan for the six months ended June 30, 2025. This was primarily influenced by an 11.4% decrease in entrusted management services revenue to 185.7 million yuan and a 20.8% decline in brand and management output services revenue to 34.4 million yuan, attributed to fewer projects and challenging market conditions.

Despite the overall revenue contraction, sublease services revenue saw a 5.7% increase, reaching 64.1 million yuan, driven by the steady performance of recently opened sublease projects. The gross profit margin for sublease services significantly improved by 11.8 percentage points to 24.5%, contributing to an overall gross profit margin increase of 0.7 percentage points to 52.3% for the period.

The company's net profit attributable to owners saw a marginal 2.5% decrease to 86.9 million yuan. Looking ahead, E-Star plans to enhance asset value, strengthen its market position, and drive business growth through digital intelligence capabilities. An interim dividend of HK5.0 cents per ordinary share was declared.