(26th August 2025 – Hong Kong) Realord Group Holdings Limited (the “Company”, together with its subsidiaries, the “Group”, stock code: 1196) is pleased to announce its unaudited interim results for the six months ended 30 June 2025 (“the Period”). During the period, the Group recorded a total revenue of approximately HK$277 million and gross profit was HK$64.8million.
The principal activities of the Group during the year included the Property Segment, the Financial Services Segment, the Environment Protection (EP) Segment, the Latin American and Caribbean (LAC) Segment, and Cinema Operation Segment.
Property investment Segment: Multiple Projects Progressing Steadily
Properties investment, development and commercial operation remain the Group's core development strategy. During the Period, the Group held five property projects in Shenzhen, comprising three investment properties (Realord Villas and Zhangkengjing Property in Longhua District, and Realord Technology Park in Guangming District) and two development projects (Laiying Garden in Nanshan District and Qiankeng Property in Longhua District).
The revenue of Property Segment was mainly derived from the rental income of the Group’s investment properties. Rental income in 1H2025 was HK$16.9 million, down from HK$22.2 million in 1H2024, mainly due to a decrease in the number of tenants at Sincere Mall in Realord Villas.
During the Period, there were various development progress on five property projects. Realord Villas: Sincere Mall currently has 33 tenants, including children's amusement park, education training centres, restaurants, fitness studios and billiard room; Realord Technology Park: Construction scale of approximately 110,000 square meters; Phase I has signed a lease agreement with a hotel operator commencing from 2024; Phase II awaits government approval for development; Qiankeng Property: Construction scale of approximately 166,000 square meters; obtained construction permit and main structure engineering work is in progress; Zhangkengjing Property: Application for change of land use still under review; Laiying Garden: Obtained construction permit for earthwork and foundation construction; foundation and earthwork construction in progress.
Financial Services Segment: Maintaining Stable Profitability
The Financial Services Segment recorded revenue of HK$43.1 million in 1H2025, down HK$44.2 million from HK$87.3 million in 1H2024. The decrease was mainly due to reduced interest income from margin financing and money lending businesses of HK$0.8 million and HK$1.7 million respectively, and a decrease in financial services income of HK$41.7 million. Despite the revenue decline, the segment still recorded a profit of HK$18.5 million, continuing to contribute stable profitability to the Group.
EP Segment: Significant Performance Growth
The EP Segment delivered strong performance with revenue reaching HK$211.8 million in 1H2025, up HK$75.1 million from HK$136.7 million in 1H2024, mainly benefiting from the Group's successful expansion of its customer network in Mainland China. Realord EP Japan owns approximately 19,609 square meters (4 pieces) of leased land in Osaka, providing a solid foundation for business development. EP Segment will continue to explore new sources of metal scraps and exploring new customer especially in the Mainland China and Japan.
LAC Segment: Actively Expanding Regional Business
The revenue of LAC Segment generated from provision for citizenship application and consultancy services on citizenship by investment programme (“CBI Programme”) was HK$3.7 million (1H2024: HK$11.4 million), with the decrease mainly due to fewer applications approved by relevant Grenadian authorities. The principal business of LAC Segment was provision of citizenship application and consultancy services on CBI Programme and development of the Grenada Project. The Grenada Project involved the development of a mixed property project consisting educational facilities, apartments for student, hotel and resort facilities, commercial development and shopping facilities and in a longer plan university establishment(s) and related amenities.
The Group has been granted "Approval Project Status" by the Government of Grenada, allowing it to develop projects using foreign investor funding in accordance with local laws. Through the CBI Programme, the LAC Segment is authorised to raise capital from project investors for construction and development costs. Qualified investors of the real properties will be granted permanent Grenadian citizenship and a passport offering visa-free travel including the United Kingdom, EU Schengen countries and the Mainland China. The Project marks a significant flag of our Group into the Caribbean region.
The Grenada Project marks an important milestone for the Group's entry into Caribbean and Latin American region and enabled it to expand its scale of overseas operation. By inviting foreign investment under the CBI Programme of Grenada, the Group had embarked on the Grenada Project and established a professional management and marketing team with offices in Beijing, Shanghai, Shenzhen and Hong Kong, and engaged consultants in the United States to comprehensively promote the CBI Programme.
The Group is keen to leverage its experience in the Grenada Project to explore further investment opportunities around the Caribbean economic zone and Latin American region. It is the corporate strategy of the Group to invest and/or to form joint ventures with local governments in the Caribbean economic zone to set up and develop new businesses taking advantage of raising capital from foreign investors through the CBI Programme of different countries. The Caribbean region has long been popular with the Western countries such as Europe, the United States of America and Canada, and is an ideal place for vacations. In particular, Antigua and Barbuda, and Saint Kitts and Nevis are closer to the United States of America, and both countries have direct flights to Europe, the United States of America and Canada. It is the Group’s strategy to seek for professional investors to jointly invest in the projects in the Caribbean economic zone and Latin American region. Further, the Group is identifying capable and competent business partners with significant track record to participate in the projects. Subject to the planning and the feasibility studies of the projects as well as the requisite approval by the respective local government, it is expected that the Group would kick off the projects in near future.
Outlook
Amid uncertainties like the intricate and fluctuating global economy, the Group will maintain prudent operations, take a cautious and adaptable stance to manage operating costs and refine business strategies to navigate market conditions, so as to maximize shareholders’ value.