Core Viewpoint - The company expects a significant shift from a profit of approximately HKD 172 million in the fiscal year 2024 to a loss of between HKD 980 million and HKD 1.1 billion for the fiscal year ending June 30, 2025, primarily due to various consolidation impacts [1] Group 1: Financial Performance - The expected loss for the fiscal year 2025 is projected to be between HKD 980 million and HKD 1.1 billion [1] - The company anticipates a profit of approximately HKD 172 million for the fiscal year 2024 [1] Group 2: Contributing Factors - The decrease in gross profit is attributed to the absence of any sales transactions in Hong Kong properties [1] - Fair value losses on investment properties are expected to increase from approximately HKD 154 million in fiscal year 2024 to about HKD 915 million in fiscal year 2025 [1] - Administrative expenses are projected to rise significantly from approximately HKD 57 million in fiscal year 2024 to around HKD 290 million in fiscal year 2025, mainly due to provisions for development properties amounting to about HKD 166 million [1] - There will be no tax reversals in fiscal year 2025, leading to a reduction in income tax recognized [1]