S E A Holdings Limited provided earnings guidance for the year ended 31 December 2023. Despite the expected increase in ordinary operating profit of the Group during the year of 2023, the Group expects to record a loss in the region of HKD 850 million for the year ended 31 December 2023, as compared to a loss of approximately HKD 384 million for the year ended 31 December 2022. The expected increase in loss is mainly attributable to non-recurring items including (i) a fair value loss on investment properties in the United Kingdom; and (ii) an impairment loss on the listed debt securities investments.

The abovementioned fair value loss and impairment loss are non-cash items and have no immediate impact on the cash flow of the Group.