1957 & CO. has announced that the group expects to record a net loss not exceeding approximately HK$2 million for the fiscal year ending December 31, 2025. This contrasts with a net profit of about HK$2.3 million reported for the same period in 2024.

The anticipated shift from profit to loss is primarily attributed to several factors. These include an increase in income tax expenses due to a write-down of deferred tax assets following the cessation of operations at certain subsidiaries. Additionally, there was a rise in impairment losses for property, plant, equipment, and right-of-use assets at one subsidiary. The group also recorded an impairment loss on trade receivables from an associate company in the People's Republic of China.