Group 1 - The core point of the article is that Open Source Holdings (01215) reported a significant decline in its mid-year performance for 2025, with revenues of HKD 74.662 million, a year-on-year decrease of 48.08% [1] - The company experienced a net loss of HKD 99.956 million, marking a shift from profit to loss compared to the previous year [1] - The loss per share was reported at HKD 0.78 [1] Group 2 - The primary reasons for the shift from profit to loss include the closure of certain areas of the Paris Marriott Hotel for renovations, resulting in a revenue loss and a gross loss of approximately HKD 10.1 million [1] - The company recorded an impairment provision of approximately HKD 63.7 million related to loans from joint ventures [1] - Increased financing costs due to a rise in the interest rate of a EUR 175 million bank loan, which is set to renew in 2024, also contributed to the financial downturn [1] - Additionally, a decrease in bank deposit interest rates led to a reduction in other income and earnings [1]

Core Viewpoint - Open Source Holdings (01215) reported a significant decline in its mid-year performance for 2025, with a revenue of HKD 74.662 million, representing a year-on-year decrease of 48.08%, and a net loss of HKD 99.956 million, marking a shift from profit to loss [1] Financial Performance - Revenue for the period was HKD 74.662 million, down 48.08% year-on-year [1] - The company experienced a net loss of HKD 99.956 million, compared to a profit in the previous year [1] - Earnings per share were reported at a loss of HKD 0.78 [1] Contributing Factors to Loss - The transition from profit to loss was primarily due to several factors: - Closure of certain areas of the Paris Marriott Hotel for renovations, leading to a revenue shortfall and a gross loss of approximately HKD 10.1 million [1] - Impairment provisions for loans from joint ventures amounting to approximately HKD 63.7 million [1] - Increased financing costs due to a rise in interest rates on a EUR 175 million bank loan set to renew in 2024 [1] - Decrease in other income and earnings due to lower bank deposit interest rates [1]