Honor Matrix Holdings Limited released its unaudited interim results for the six months ended 30 June 2026, highlighting a major shift in its revenue mix and a modest rise in profitability.

Revenue and Earnings • Group revenue fell 62.6 % year-on-year to HK$6.17 million (1H25: HK$16.49 million) as the traditional Sale-of-Goods segment contracted sharply amid softer demand for household, plantation and accessory products. • Gross profit slipped 16.3 % to HK$2.70 million, yet the gross margin widened to 43.7 % (1H25: 19.5 %) on the back of higher-margin consulting income. • Profit attributable to owners rose 18.8 % to HK$0.82 million, helped by an HK$0.89 million reversal of trade-receivable impairments. Earnings per share increased to HK0.70 cents (1H25: HK0.60 cents). • No interim dividend was declared.

Segment Performance • Sale of Goods Business: Revenue plunged 98.6 % to HK$0.23 million; segment profit was HK$0.93 million, reflecting low activity and a modest HK$0.04 million gross profit. • Consultation Business (launched mid-2025): Generated HK$5.94 million revenue and HK$2.63 million segment profit, delivering a 44.7 % gross margin. Services focus on immigration, education and corporate advisory.

Cost Structure • Administrative expenses rose 9.7 % to HK$2.52 million, driven by higher staff costs and directors’ emoluments linked to the new business lines. • Staff costs (excluding directors) edged down 12.0 % to HK$0.76 million.

Balance Sheet and Liquidity • Cash and bank balances more than doubled to HK$12.85 million from HK$5.15 million at FY25-end, bolstered by HK$5.73 million net operating cash flow and HK$1.98 million net financing inflow—principally a HK$1.28 million advance from an executive director and a HK$0.70 million non-controlling interest injection into a subsidiary. • Net assets stood at HK$24.95 million, up 6.6 % from year-end; net asset value per share was HK$0.22. • Current ratio eased to 4.6x (FY25: 6.2x) as current liabilities expanded to HK$6.24 million, mainly reflecting the director’s advance. The Group remained debt-free. • Trade receivables declined to HK$12.67 million (FY25: HK$13.96 million) after impairment reversals; trade payables rose to HK$3.40 million (FY25: HK$2.27 million).

Corporate Developments • Effective 26 June 2026 the company changed its name from “Almana Limited” to “Honor Matrix Holdings Limited,” signaling a broader strategic mandate. • Board reshuffle included appointment of Co-Chairman Cheung Chi Wing and new directors Li Sha, Guo Xiaoyun and Shen Leyuan.

Outlook and Strategy Management intends to deepen the newly launched immigration and corporate consulting operations, integrate education services, and explore trading opportunities in energy and environmental sectors while maintaining a conservative capital structure. No significant capital commitments, contingent liabilities or fundraising activities were reported post-period end.