ALTUS HLDGS (08149) reported revenue of HKD 7.3 million from enterprise financing, asset management, and other consulting services in the first quarter, an increase of 59.1% year-on-year.

ALTUS HLDGS (08149) announced that for the first quarter of the fiscal year 2027 (ending March 31, 2027), the group generated revenues of HKD 7.3 million from corporate financing, asset management, and other consulting services, representing an increase of 59.1% compared to HKD 4.6 million in the same period last year. Revenues from corporate financing and other consulting services are recognized when relevant services have been provided, and/or significant actions have been completed to reach the agreed billing milestones as per the service agreement terms. Therefore, revenues for each period may fluctuate based on the billing milestones achieved during that period. The group generated overall rental income of HKD 6.8 million from investment properties under operating leases in the first quarter of the fiscal year 2027, which is comparable to HKD 7.0 million in the same period last year. Following the leasing of the office unit in October 2025, the Hong Kong investment property generated rental income in the first quarter of the fiscal year 2027, while it was vacant in the first quarter of the fiscal year 2026. However, this positive impact was offset by the negative effects of the depreciation of the Japanese yen against the Hong Kong dollar during the period. Although rental income in yen increased compared to the first quarter of the fiscal year 2026, when converted to Hong Kong dollars, the amount decreased. In the first quarter of the fiscal year 2027, the occupancy rate (measured by rental income) of the Japanese property portfolio was 97.1% (compared to 92.9% in the same period last year).