GREENHEART GP (00094) has announced that the group expects its net loss for the six months ending June 30, 2026, to decrease by no less than 85% compared to the net loss of HK$97.598 million recorded in the same period last year.

The group attributes this significant improvement in financial performance to the net impact of several factors: (i) a net gain of approximately HK$26.7 million (2025: nil) from the very substantial disposal of plantation assets and related property, plant, and equipment in New Zealand, which includes a gain of about HK$59.4 million from the sale, offset by associated selling costs of approximately HK$32.7 million recognised during the period; (ii) a fair value loss of about HK$9.1 million on plantation assets in New Zealand (2025: fair value gain of HK$22.7 million), primarily due to declining log prices in a challenging market environment; and (iii) a reduction in losses from discontinued operations in the Suriname segment of approximately HK$88.4 million. During the six months ended June 30, 2025, the group sold most of its loss-making subsidiaries in Suriname to independent third parties and ceased operations there. As these subsidiaries were in a net liability position, the proceeds from the sale were negligible.