Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 110,434,000, a decrease of 7.3% from HKD 119,619,000 in the same period last year[3] - Gross profit increased to HKD 2,131,000, up 9.4% from HKD 1,947,000 year-on-year[3] - The loss before tax improved to HKD 5,326,000, a reduction of 44.8% compared to HKD 9,495,000 in the prior period[3] - Total comprehensive loss for the period was HKD 2,079,000, a significant improvement from HKD 27,703,000 in the same period last year[5] - The company reported a loss attributable to owners of the company of HKD 6,457,000 for the six months ended September 30, 2025, compared to a loss of HKD 23,431,000 in 2024[30] - The company reported a significant reduction in loss to approximately HKD 5.9 million for the period, compared to a loss of approximately HKD 23.3 million in the same period last year, indicating an improvement of about 74.7%[53] Revenue Breakdown - For the six months ended September 30, 2025, total revenue from continuing operations was HKD 110,434,000, with construction contributing HKD 88,387,000 and trade contributing HKD 22,047,000[15] - Revenue from external customers for the six months ended September 30, 2025, was HKD 110,434,000, a decrease of 7.5% compared to HKD 119,619,000 for the same period in 2024[23] - Revenue from Cambodia significantly increased to HKD 86,014,000 in 2025, compared to no revenue in 2024[23] - The construction-related segment's revenue increased to approximately HKD 88.4 million, compared to HKD 64.2 million in the previous year, marking an increase of approximately 37.5%[55] - The trade segment recorded revenue of approximately HKD 22 million, down from approximately HKD 55.4 million in the previous year, reflecting a decrease of about 60.3% due to reduced transaction volume[55] Expenses and Liabilities - Administrative expenses decreased significantly to HKD 7,353,000, down 36.5% from HKD 11,628,000 in the previous year[3] - The total interest expense for the six months ended September 30, 2025, was HKD 105,000, down 30.5% from HKD 151,000 in 2024[26] - The company incurred depreciation expenses of HKD 413,000 for property, plant, and equipment for the six months ended September 30, 2025, compared to HKD 1,956,000 in 2024[29] - Current liabilities were reduced to HKD 125,936,000 from HKD 152,709,000, indicating improved liquidity[6] - Total reportable segment liabilities as of September 30, 2025, were HKD 65,167,000, with construction liabilities at HKD 62,344,000 and trade liabilities at HKD 2,823,000[19] Assets and Equity - Current assets decreased to HKD 143,803,000 from HKD 172,344,000 as of March 31, 2025[6] - The company's net asset value decreased to HKD 40,989,000 from HKD 43,069,000[7] - Non-current assets as of September 30, 2025, totaled HKD 23,392,000, slightly down from HKD 23,702,000 as of March 31, 2025[23] - As of September 30, 2025, total reportable segment assets were HKD 134,826,000, with construction assets at HKD 132,341,000 and trade assets at HKD 2,485,000[19] - The debt-to-equity ratio was approximately 29.3% as of September 30, 2025, an increase from 22.6% as of March 31, 2025[58] Shareholder and Market Information - The average number of ordinary shares used to calculate basic loss per share remained constant at 1,869,160,000 shares for both periods[30] - The issued share capital was approximately HKD 18.7 million, with 1,869,159,962 ordinary shares as of September 30, 2025[60] - The company has not declared any interim dividends for the six months ended September 30, 2025, consistent with the previous year[50] - The board did not recommend any dividend payment for the reporting period[66] Future Outlook and Strategy - The company is focusing on expanding its construction business in Southeast Asia and chemical trading in mainland China to enhance overall profitability[54] - The company’s major shareholder's business network and experienced project management team are expected to support the pursuit of sustainable growth in Malaysia, China, and Cambodia markets[54] Other Information - The company has not applied any new standards or interpretations that have not yet come into effect during the accounting period[12] - The group has no capital commitments or significant contingent liabilities as of September 30, 2025[59] - There were no significant events affecting the group after the reporting period[67] - The group has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[65]
均安控股(01559) - 2026 - 中期业绩