ASL expects HK$290 million-HK$310 million first-half loss on GDH investment impairment

ASL guided to a loss attributable to owners of HK$290 million–HK$310 million for the six months ended June 30, 2026, compared with a profit attributable to owners of HK$41.5 million a year earlier.

The outlook is driven by a net non-cash charge tied to its stake in associate Grid Dynamics Holdings, following a sharp share-price decline.

ASL estimated the net profit-and-loss hit, including tax effects, at HK$485 million–HK$505 million from the expected impairment, partly offset by deferred tax reversal.

The impairment was flagged as non-cash, with no expected impact on cash position or day-to-day operations.