Wireless Group (00511) announced interim results. Loss attributable to shareholders of HK$73.612 million decreased by 31.92% year-on-year

According to the Zhitong Finance App, Wireless Group (00511) announced its 2026 interim results, with revenue of HK$1,258 billion, a year-on-year decrease of 16%. Gross profit was HK$566 million, up 1% year over year. The loss attributable to the company's shareholders was HK$73.612 million, a year-on-year decrease of 31.92%. The loss per share was HK$0.16.

The announcement stated that the decline in revenue was mainly due to a decline in business revenue in mainland China; at the same time, as the company continued to reduce its loss-making activities such as e-commerce, the TV broadcasting business revenue was also affected to a certain extent.

Gross profit increased by 1% during the period, benefiting from continued strict cost control and reduction of underperforming businesses, which reduced direct sales costs by 26%. Gross margin increased to 45% (37% in 2025).

Total operating costs fell 18% year-on-year during the period, allowing the Group to still achieve 33% growth in EBITDA despite a slowdown in revenue. In addition, the operating cash flow during the period reached HK$241 million, an increase of nearly four times over the same period last year.