ES Group (Holdings) Limited provided consolidated earnings guidance for the six-month financial period ended 30 June 2023. For the six months, the group is expected to report a net loss. The net loss for HY2023 is mainly attributable to the loss recorded from the Group's shipping segment.

The Group's vessel, ES Jewel, suffered an unexpected breakdown during the fourth quarter of 2022. The vessel had to undergo various repairs as well as scheduled docking during HY2023. This resulted in a significant increase in repair and maintenance expenses and holding cost, as well as a decrease in revenue as the said vessel was not able to operate and generate any revenue during HY2023.