Get Nice Holdings (SEHK:64) Returns to Profitability, Challenging Concerns Over Persistent Losses

Get Nice Holdings (SEHK:64) has just posted its H1 2026 results, with revenue reaching HK$220.7 million and EPS at HK$0.020. For context, the company reported revenue of HK$214.6 million and EPS of HK$0.065 in the previous half, while H2 2024 was softer with revenue at HK$149.0 million and EPS of -HK$0.085. These headline figures indicate a rebound towards steadier margins and a return to profitability for Get Nice Holdings in the latest period.

See our full analysis for Get Nice Holdings.

Now, let's examine how these numbers compare to the prevailing narratives. This next section presents data and commentary side by side, showing where consensus holds and where new challenges may arise.

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Premium Valuation Stands Out

• Get Nice Holdings now trades at a Price-To-Earnings ratio of 31.6x, compared to an average of 22.3x for peers and 21.6x across the Hong Kong Capital Markets industry. This marks a clear premium in the sector.
• What is surprising is that even with this high multiple, the valuation exposes lingering vulnerabilities:
  • The average annual earnings decline of 24.5% over five years is sharply at odds with the elevated P/E ratio. This suggests the market is pricing in a turnaround not yet shown in the current figures.
  • The consensus narrative notes that the combination of negative long-term growth with a higher valuation may keep some investors on the sidelines until evidence of sustained profit momentum emerges.
• To see how both optimistic and cautious analysts interpret these valuation signals, read the full consensus narrative for Get Nice Holdings. 📊 Read the full Get Nice Holdings Consensus Narrative.

One-Off Loss Skews the Story

• Trailing twelve-month profit of HK$59.3 million was achieved despite a single, major one-off loss of HK$92.2 million in the period ending September 2025.
• Bulls note that the return to positive net income following this charge points to underlying operating improvement, yet:
  • This short-term turnaround does not counter the long-term trend of falling earnings, as highlighted by the five-year average decline of 24.5% per year.
  • The latest profit is flattered by the rebound from a prior year loss of -HK$41.2 million, which the consensus narrative says complicates any claims of stable, repeatable profitability.

Shareholder Dilution Adds Complexity

• Shareholders faced dilution over the past year, a factor that weighed on the company’s risk profile and has an impact on per-share metrics.
• Critics highlight that alongside dilution, the high P/E ratio and previous years’ earnings declines create a tension between the market’s optimism and actual fundamental progress, as emphasized in the consensus narrative.
  • Even with a share price of HK$3.03, cautious investors may hesitate when seeing both premium pricing and ongoing dilution risk.
  • Still, recent profitability offers a counterpoint, leaving the next few periods crucial for establishing a reliable earnings base.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Get Nice Holdings's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

Get Nice Holdings’ premium valuation, earnings volatility, and recent shareholder dilution highlight a lack of consistent growth or reliable profit trends.

If you want steadier performance and less drama, focus your search on stable growth stocks screener (2077 results) delivering consistent results and fewer surprises each quarter.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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