Financial Performance - Revenue for the six months ended September 30, 2025, was HK$481,320,000, a decrease of 27.3% compared to HK$661,739,000 for the same period in 2024[4] - Gross profit increased to HK$93,627,000, up 19.8% from HK$78,079,000 in the previous year[4] - Profit for the period was HK$31,108,000, representing a 42.6% increase from HK$21,780,000 in the same period last year[4] - Basic and diluted earnings per share rose to HK$0.08, compared to HK$0.06 for the previous year[5] - Total comprehensive income for the period was HK$31,932,000, an increase of 32.5% from HK$24,063,000 in the prior year[5] - Total revenue for the six months ended September 30, 2025, was HK$481,320,000, a decrease of 27.3% compared to HK$661,739,000 for the same period in 2024[34][46] - The Group recorded a consolidated revenue of approximately HK$481.3 million, representing a decrease of approximately 27.3% compared to HK$661.7 million for the 2024 Corresponding Period[95] Revenue Breakdown - Construction revenue under foundation and other civil works was HK$379.80 million, down 35.6% from HK$589.84 million in the previous year[24] - The Group's construction revenue from tunneling works increased to HK$81.83 million, up 40.7% from HK$58.03 million in the prior year[24] - Revenue from foundation and other civil works decreased by approximately 35.6%, from HK$589.8 million to HK$379.8 million, primarily due to the completion of several projects[96] - Revenue from tunneling works increased by approximately 41.0%, from HK$58.0 million to HK$81.8 million, due to the full swing of several projects during the Period[97] - Revenue from premises revitalization and enhancement increased by approximately 34.2%, from HK$13.0 million to HK$17.5 million, driven by higher rental income and building management fee income[98] - The health and environmental innovations business saw revenue increase by approximately 164.8%, from HK$0.8 million to HK$2.2 million, driven by higher sales of pet care products and household items[101] Assets and Liabilities - Non-current assets as of September 30, 2025, amounted to HK$449,445,000, slightly down from HK$451,921,000 as of March 31, 2025[7] - Current assets increased to HK$665,178,000 from HK$551,840,000, reflecting a growth of 20.5%[8] - Total assets as of September 30, 2025, amounted to HK$1,114,623,000, an increase from HK$1,003,761,000 as of March 31, 2025[39] - Total liabilities increased to HK$601,965,000 as of September 30, 2025, compared to HK$558,091,000 as of March 31, 2025[43] Equity and Shareholder Information - Total equity as of September 30, 2025, was HK$512,658,000, compared to HK$445,670,000 at the end of March 2025, marking an increase of 15%[8] - A special dividend of HK$0.15 per share was declared by the Board on November 28, 2025, following no dividends paid or proposed during the reporting period[55] - The Group issued 15,000,000 ordinary shares at a placing price of HK$2.35 per share, representing approximately 2.91% of the issued share capital immediately after the placing[157] - The gross proceeds from the placing were approximately HK$35.25 million, with net proceeds of approximately HK$34.97 million after deductions[162] Expenses and Costs - Employee benefits expenses increased to HK$97,676,000 in 2025 from HK$91,580,000 in 2024, reflecting a rise of 6.5%[50] - Administrative expenses rose from approximately HK$40.4 million in the 2024 Corresponding Period to approximately HK$45.9 million for the Period, reflecting an increase of approximately 13.6% due to an exchange loss increase of approximately HK$3.7 million[111] - Selling and distribution expenses increased from approximately HK$1.7 million in the 2024 Corresponding Period to approximately HK$2.1 million for the Period, representing an increase of approximately 22.9%[112] - Finance costs for the Period were approximately HK$9.5 million, a decrease from approximately HK$10.4 million in the 2024 Corresponding Period[119] Cash Flow and Financial Position - As of September 30, 2025, the Group had bank balances and cash of approximately HK$256.4 million, up from approximately HK$151.0 million as of March 31, 2025[123] - The current ratio as of September 30, 2025 was approximately 1.76 times, compared to 1.7 times as of March 31, 2025[131] Corporate Governance and Compliance - The company has complied with the Corporate Governance Code during the reporting period[175] - The Audit Committee has reviewed the unaudited Interim Financial Information for the six months ended September 30, 2025[182] - The company is committed to transparency and compliance with the Listing Rules of the Stock Exchange[190] Future Outlook and Investments - The Group completed the subscription of shares in Trio AI Limited in October 2025, aligning with the growing demand for high-performance computing and AI-driven solutions[93] - Approximately HK$15 million will be used to settle the subscription consideration for shares in Trio AI Limited, representing about 51.73% of the enlarged issued share capital of the Target Company[166][167] - Approximately HK$17 million will be allocated to finance and develop the business of the Target Company, including leasing high-performance GPU servers, with an estimated monthly cost of HK$1.8 million over the next 18 months[165] - The remaining net proceeds will be directed towards research and development in software enhancement, AI, and machine learning, expected to be utilized by December 2026[165]
义合控股(01662) - 2026 - 中期业绩