Net Pacific Financial Holdings reported a higher consolidated net loss for the first quarter ended 30 September 2025, reflecting persistent challenges across its diversified segments. The newly expanded businesses struggled with external economic factors and internal operational efficiency hurdles. Management is implementing significant strategic adjustments in key segments to enhance profitability and secure stronger market positioning moving forward.
• The Golf Business segment experienced losses as its operating costs exceeded revenue, driven by slowing consumer spending and intense competition from low-cost solutions in China
• Losses in the Luggage Business were attributed to the inability to achieve optimal production efficiency, primarily resulting from project delays caused by client-driven factors like design variations and prolonged development cycles
• The Financing Business segment recorded lower profit compared to the preceding period because it lacked a non-recurring positive reversal of expected credit loss that was recorded previously
