1957 & CO. (08495) has issued an announcement indicating that the Group expects to record a net loss of approximately HK$1 million for the six months ending June 30, 2026, a reduction compared to the net loss of approximately HK$2.6 million reported for the same period in 2025.

The Board attributes the anticipated decrease in net loss primarily to an increase in the Group's other net income. This increase mainly comprises: (i) the release of a deposit of HK$2.65 million retained by the Group, following a settlement agreement related to the proposed transfer of its 赤の匠 brand restaurant business in Causeway Bay, which was not completed; and (ii) government grants of approximately HK$235,000 recognized under the Technology Voucher Programme, approved by the Innovation and Technology Commission, during the six months ending June 30, 2026.