Financial Performance - The Group's revenue for the six months ended 30 September 2025 increased by approximately 21.4% to approximately HK$208.3 million, compared to approximately HK$171.6 million in 2024[7]. - The Group reported a loss of approximately HK$8.7 million for the six months ended 30 September 2025, a decline from a profit of approximately HK$4.1 million in 2024[7]. - Basic loss per share attributable to the owners of the Company for the six months ended 30 September 2025 was approximately HK15.0 cents, compared to basic earnings per share of approximately HK7.8 cents in 2024[7]. - Gross profit for the six months ended 30 September 2025 was approximately HK$2.2 million, down from HK$4.1 million in 2024[10]. - Other income for the six months ended 30 September 2025 was HK$663,000, a decrease from HK$3,050,000 in 2024, reflecting a decline of approximately 78.2%[40]. - The net loss for the Period was approximately HK$8.7 million, a turnaround from a profit of approximately HK$4.1 million in the previous year[116]. - Basic loss per share attributable to owners was approximately HK15.0 cents, compared to basic earnings per share of approximately HK7.8 cents in the previous year[121]. Dividends - The Board does not recommend the payment of any dividend for the six months ended 30 September 2025[7]. - No dividends were recommended for the six months ended September 30, 2025, consistent with the previous period[64]. - The company did not recommend any dividend for the six months ended 30 September 2025, consistent with the previous period[66]. Assets and Liabilities - Total assets as of 30 September 2025 were approximately HK$133.3 million, down from HK$165.6 million as of 31 March 2025[12]. - Current liabilities as of 30 September 2025 were approximately HK$138.8 million, compared to HK$164.8 million as of 31 March 2025[12]. - As of September 30, 2025, the net current liabilities increased to HK$21,804,000 from HK$17,209,000 as of March 31, 2025[13]. - Total liabilities decreased to HK$181,749,000 from HK$205,514,000, indicating a reduction in overall debt[13]. - The company’s total equity as of September 30, 2025, was negative HK$48,468,000, worsening from negative HK$39,865,000 as of March 31, 2025[13]. - Trade and other receivables decreased to approximately HK$66.6 million as of 30 September 2025, down from HK$82.0 million as of 31 March 2025[12]. - Cash and cash equivalents were approximately HK$38.8 million as of 30 September 2025, a decrease from HK$56.1 million as of 31 March 2025[12]. Operating Expenses - Administrative and operating expenses decreased to approximately HK$9.4 million for the six months ended 30 September 2025, compared to HK$11.7 million in 2024[10]. - Staff costs for the six months ended September 30, 2025, amounted to HK$60,113,000, up from HK$54,239,000 in 2024, indicating an increase of about 11%[57]. - Contract costs recognized as an expense increased to HK$206,087,000 for the six months ended September 30, 2025, from HK$167,424,000 in 2024, reflecting a growth of approximately 23%[55]. - Depreciation of property, plant, and equipment rose to HK$4,936,000 for the six months ended September 30, 2025, compared to HK$3,606,000 in 2024, representing an increase of approximately 37%[55]. Cash Flow - Net cash used in operating activities was HK$11,967,000 for the six months ended September 30, 2025, compared to a cash generation of HK$5,144,000 in 2024[16]. - Cash and cash equivalents at the end of the period decreased to HK$38,837,000 from HK$63,826,000, reflecting a net decrease of HK$17,285,000[16]. - The company incurred a net cash outflow of HK$4,858,000 from investing activities, compared to HK$7,817,000 in the previous year[16]. Share Capital and Ownership - The company’s share capital remained unchanged at HK$5,722,000 as of September 30, 2025[14]. - As of September 30, 2025, Mr. Kan Kwok Cheung holds a total of 32,679,993 shares, representing 57.1% of the total issued share capital[158]. - Ms. Lam Shun Kiu Rosita, as the spouse of Mr. Kan Kwok Cheung, is also deemed to be interested in the same 32,679,993 shares[158]. - The total number of shares in issue as of September 30, 2025, is 57,220,166 shares[164]. Corporate Governance - The Audit Committee reviewed the unaudited condensed consolidated results and confirmed compliance with applicable accounting standards[179]. - The Company has adopted a code of conduct for securities transactions by Directors, ensuring compliance throughout the reporting period[173]. - The Company is committed to high standards of corporate governance and has complied with the Code on Corporate Governance Practices, except for one provision[174]. - The Audit Committee is responsible for reviewing financial reporting processes and internal control systems[178]. Future Outlook - Management is focusing on improving operating results and cash flows through cost control measures and engaging in new construction projects[34]. - The Group plans to prioritize public sector construction projects and implement cost control measures to navigate challenges in the construction industry[123]. - Management remains optimistic about the future despite financial constraints and regulatory changes, focusing on public works projects and cost control measures[126].
进业控股(08356) - 2026 - 中期财报