Financial Performance - Revenue for the year ended March 31, 2025, was HKD 331,408,000, a decrease of 37.1% compared to HKD 527,246,000 in the previous year[2] - Gross profit for the same period was HKD 44,303,000, down 5.4% from HKD 46,813,000[2] - Profit before tax increased significantly to HKD 10,432,000, a 298.0% increase from HKD 2,621,000[2] - Net profit attributable to owners of the company surged to HKD 8,390,000, compared to HKD 350,000 in the previous year, marking a 2,297.1% increase[2] - Basic and diluted earnings per share rose to HKD 1.0, up from HKD 0.0, reflecting a 2,297.1% increase[2] - Total comprehensive income for the year was HKD 8,502,000, compared to HKD 78,000 in the previous year[4] - The company reported a total of HKD 287,105 million in segment profit or loss for the Building segment for the year ending March 31, 2025, compared to HKD 480,433 million for the previous year, reflecting a decline of about 40.3%[23] - The group reported a profit attributable to shareholders of approximately HKD 8.4 million for the year ending March 31, 2025, an increase of approximately HKD 8.0 million or 2,297.1% compared to HKD 0.4 million for the year ending March 31, 2024[69] Dividends - The board recommended a final dividend of HKD 0.5 per share for the year ended March 31, 2025[2] - A final dividend of HKD 0.005 per share, totaling HKD 4 million, has been proposed for the year ending March 31, 2025, pending shareholder approval[41] - The final dividend is expected to be paid on or around October 6, 2025, pending shareholder approval at the AGM[98] Assets and Liabilities - The total assets of the company as of March 31, 2025, amounted to HKD 167,344 million, a decrease from HKD 219,078 million in the previous year[5] - The total liabilities decreased to HKD 205,417 million from HKD 201,856 million, indicating a slight reduction in financial obligations[5] - The net asset value of the company is HKD 167,344 million, compared to HKD 162,842 million in the previous year, showing a stable asset base[5] - The company reported a total current asset value of HKD 248,431 million, down from HKD 294,038 million, reflecting a decrease in liquidity[5] - The company’s cash and cash equivalents were HKD 18,358 million, a decrease from HKD 21,105 million, indicating a reduction in cash reserves[5] - The company’s total non-current assets were valued at HKD 124,330 million, slightly down from HKD 126,896 million, indicating a minor decline in long-term investments[5] - The group’s current assets were approximately HKD 248.4 million as of March 31, 2025, down from HKD 294.0 million as of March 31, 2024[71] - The group’s debt-to-equity ratio was approximately 49.0% as of March 31, 2025, compared to 50.6% as of March 31, 2024[72] Revenue Segments - The company’s total revenue from construction services remains a key focus area, with ongoing projects in Hong Kong and Macau[7] - The construction segment generated revenue of HKD 313,817,000, with a segment profit of HKD 7,395,000[16] - The Building Solutions segment reported revenue of HKD 8,895,000, achieving a profit of HKD 570,000[16] - The construction segment for the previous year reported revenue of HKD 516,808,000 and a profit of HKD 15,172,000[18] - The revenue from Building Solutions for the fiscal year ending March 31, 2025, was HKD 8,895,000, an increase from HKD 5,622,000 in 2024, reflecting a growth of approximately 58.8%[28] - The group’s construction revenue for the year ending March 31, 2025, was approximately 313.0 million HKD, a decrease of about 203.8 million HKD or 39.4% compared to the previous fiscal year[62] Expenses - The company experienced a foreign exchange loss of HKD 19,000 from its overseas operations, compared to a loss of HKD 223,000 in the previous year[4] - The company reported a significant increase in administrative expenses, totaling HKD 30,029,000, slightly down from HKD 30,666,000[4] - The group’s administrative and other operating expenses for the year ending March 31, 2025, were approximately 30.0 million HKD, a decrease of about 0.6 million HKD or 2.1% from the previous year[67] - The total employee costs for the year ending March 31, 2025, were approximately HKD 64.2 million, a decrease from HKD 72.5 million for the year ending March 31, 2024[85] Taxation - The income tax expense for the year 2025 was HKD 1,911,000, compared to HKD 2,320,000 in 2024, indicating a reduction of approximately 17.6%[35] - The group recorded an income tax expense of approximately HKD 1.9 million for the year ending March 31, 2025, with an effective tax rate of approximately 18.3%, down from 88.5% in the previous year[68] Strategic Focus - The company is committed to enhancing its offerings in air quality, energy efficiency, and sustainable building materials, aligning with market trends[7] - The company plans to continue focusing on strategic investments and market expansion in the upcoming fiscal years[22] - The group continues to focus on expanding its influence in the construction environment sector through strategic investments and exploring new market opportunities[50] - The group is actively renewing business relationships with previous clients and aggressively bidding for more projects despite market challenges[56] Future Outlook - The group anticipates strong momentum entering the 2025/2026 fiscal year, having secured four large projects in the latter half of the reporting period, which exceed the total revenue of the previous fiscal year[55] - The group remains optimistic about the economic outlook in Hong Kong, anticipating improved business levels for the fiscal year 2025/2026[60]
IBI GROUP HLDGS(01547) - 2025 - 年度业绩